PF Deduction for Retiring Employees
If an employee is retiring from an organization, will their PF be deducted for the last month?
For example, if an employee's birthday is on the 11th of May and their last working day is the 31st of May, will there be a deduction for PF for the month of May?
From India, Palanpur
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2If an employee is retiring from an organization, will their PF be deducted for the last month?
For example, if an employee's birthday is on the 11th of May and their last working day is the 31st of May, will there be a deduction for PF for the month of May?
From India, Palanpur
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Yes, definitely, you need to have his PF deducted until the last date of his employment irrespective of his birthday, as the date of his exit from your organization happens to be the last date of the month. Even though his birth date is in between the month, this does not matter, as most organizations have kept the last date of the month as the date of retirement.
From India, Chennai
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From India, Chennai
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