Pf deduction for 57 year old - can we deduct his PF or not, if yes then any compliance on past service period?

Amit.k.y
Dear Seniors, I am working in a Pvt.Ltd. Company, i want your help on pf deduction, A senior in person working in our company from august 2017, his age 57 year old.we have not deduct his pf til month, but now we want to deduct his pf, I can deduct his pf or not if yes then any compliance on past service period. Please help me.
ravi5554
Dear Friend,
If he is not excluded employee in pf, then you have to deduct his PF from DOJ, otherwise, whenever your company audited,liability applies from his DOJ.
At reaching the age 58, you have to stop contribution towards pension and contribute his 8.33 (employer share) in PF account.
vmlakshminarayanan
Hi,
If your employer is covered under PF, PF deduction has to be compulsorily from day one of employment. If you want to back date it and pay, you can pay as arrear PF with penalty and interest charges based number of years of service. Or you pay presenting as if addition of new employee. But employee will be the looser.
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute