Is It Necessary to Deduct PF for a 65-Year-Old Employee Who Prefers Otherwise?

Dear all,

I need some clarification on PF. I am an employer, and I have appointed a person aged 65 in my company. Is it mandatory to deduct PF for him as well? The employee is requesting me not to deduct PF. Please clarify.

Note: PF has been applicable to my company for the last three years.

Thanks and regards,
Venkat

Hello,

If you are paying a basic salary of more than Rs. 6500/-, then there is no question of age coming.

Regards,
Deepa.

There is no age limit in PF. If his basic salary is less than or up to 6500 or 60% of Gross salary up to 6500, then you are eligible for deducting PF for that person.

Regards,
Ishu Verma

Dear Mr. Venkat,

If you have mentioned the retirement age in the appointment letter, if not, after the age of 58 years, it is not mandatory to deduct PF.

Suggestion: He can be appointed as a consultant.

Sharath
09972592133

Dear Venkat Sir,

The PF wage ceiling is 6500 or less wages (i.e., Basic and DA). If that employee crossed his age of 58 years, then his salary is less than 6500, the employer should contribute the employee and employer contributions to the PF authority. However, the total contribution from the Employee (12%) and the Employer (12%) (total 24%) goes directly to the PF account only. Once the employee crosses the age of 58 years, he/she is not eligible for the Employee Pension Scheme (16-11-1995) as per the EPF (MP) Act-1952.

I hope this information is helpful to you, sir. I have just completed my Master of Human Resource Management. The content I have written above is based on my basic knowledge only.

Thank you.

Regards,
Gowri
09848936395

Excluded Employee, as defined under paragraph 2(f) of the Employees' Provident Fund Scheme, means an employee who, having been a member of the fund, has withdrawn the full amount of accumulation in the fund on retirement from service after attaining the age of 55 years. If a retired person is appointed and has withdrawn their PF before joining, there is no need to contribute to PF.

- Sudarshan

Dear All,

If you are employing an employee over the age of 58 years, then he is eligible only for PF at 12% and not the pension fund as per the ruling of the PF Act.

Regards,
Liz

Dear Venkat sir,

We have deducted 12% of his basic salary. Instead of putting 3.67% on PF and 8.33% on the pension fund of the employee, we have to put 12% on the pension contribution itself instead of PF. However, this 12% deduction towards the Pension fund is mandatory.

A senior citizen (age 67) retired as a senior professor from IGIRD joint our organization. Whether she is eligible for Provident Fund from our organization.

Regards,
Devan

There is no age limit to join EPF. Only the membership of the Pension Fund is limited to a person aged 58. In this case, the professor may join EPF only, and the entire amount of the employer's contribution, i.e., 12%, will go to the Provident Fund only, instead of both PF and Pension Fund.

Regards,
BNP Singh

I need some clarification on PF. My father is an employee in a private company. He was appointed in the company at the age of 48 years, and now he is 64 years old. He is still working in the same company. As an employee, will he receive benefits from the provident fund? Please guide me.

Thanks and regards,
Musarrat

Dear All, Please help me. I am the employer of a 2-year-old outsourcing company with 53 employees, out of which only 15 are receiving a basic salary below 6500. I heard that the eligibility for PF is 3 years. Please advise me ASAP.

Thanks,
Harsha

Once a person has crossed 58 years, can he continue working, and can we deduct his PF and EPS? Suppose his PF wages are $12,000.

Thank you.

My query is about a person who has been working in our company since the beginning, and we have been deducting their PF. However, now that they have crossed 58 years of age, can they continue working, and can we continue to deduct their salary?

My query is regarding a person who has been working in our company since the beginning, and we have been deducting their PF. However, now that he has crossed 58 years of age, may he continue working and have his PF deducted?

Please, can anybody clarify whether EDLIF is payable to contributors above 58 years of age to EPF and whether it is clarified in the EPF & M.P. or EDLIF anywhere?

Regards,
I. M. Anand