PF Eligibility - Need Help

shahdevang2002

After reading of earlier communication by comments are :
In the PF act claue of age is not mention. Age of 58yrs is only for Employee Pention fund (EPF). In this case we have to check terms of his appointment order. Further if he is appointed as Consultant but if he is working with the organization for full time then PF act is applicable as he is working for only your organization.
Devang Shah
Personnel Officer,
Gujarat State Electricity corp.Ltd.
KLTPS, Panandhro.
M- 09909940504

Kumar Ranjit

The retirement age is diffrent and further willing to contribute towards the PF subscription is diffrent. We should not under estimate the survival age. In this regard he has full right to protect and secure his rest of life. So there must be a provision and clause to contribute towares PF subscription and he must be supported.

Thanks
Ranjit Kumar
HR Officer

n_ljr

Hai.
Can anybody confirm that a person working in temporary basis will get pf benefit?
Is it compulsory to deduct pf from contract labours?

gopal.krishna

HI Shilpi,
You need to pay the complete 24% in one single account i.e PF.
Hope u Know this PF has two component1. PF 2. Pension.
12% of employees goes to PF a/c
12% of employer has a break up 3.67 PF+8.33% Pension= 12% employer PF contribution.
If any employees whose age is 58 or above then the 12% employee contribution will reamain same but in employer contribution divert the pension a/c contritbution to PF a/c and in PF statement pension contribution for this employee mark as zero contribution.
For any further clarification please feel free to reach me
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Regards
Gopal

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