It is necessary to been a member in Provident Fund after 58 year?

thakermit@gmail.com
My query is we are a hiring a employee who has completed 58 year , his salary is less than 15000/- it is necessary to take in Provident fund according to the act.
kindly guide line.
Thanks and Regards
vmlakshminarayanan
Hi
Even if you bring him under PF, he will not be eligible for pension contribution. Alternatively you may hire him as Retainer or consultant with applicable TDS on consultant fee.
thakermit@gmail.com
It means we have to prepare contract? or any other style kindly explicit , EPFO will ask any explanation.
Because Less 15K and same amount will deposit in his account.
varghesemathew
He should be a member of EPF.The whole amount of employer's share of epf should go into his epf a/c,nothing to eps.
Essen Speciality Films
Respected V.M. Lakshminarayanan,
Your answer is perfect. I would like to refer to your format for such agreement (Consultation Agreement). Could you please share your format once to [Login to view]?
Thank you in advance
hr4nonhrmanagers-gujarat-university
Hello Mit,
Please refer to the Gazette Notification GSR 440(E) dated 25/4/2016.
In its section B(3) it states that an employee can defer pension with contribution by submitting request letter to the Field Office.
Conditions apply.
Please visit the link: https://www.epfindia.gov.in/site_doc...)_10062016.pdf
Team HRM for Non-HR Managers
Gujarat University
hr4nonhrgu at gmail dot com
bhaven Gala
But may be there is TDS matter for consultation chages Kindly check & confirm the same.
bhaven Gala
I have to Suggest if possible continue in Employee.
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