Dear Seniors, Some of our employee crosses 58 years of age & still continue .Plz tell me , we should continue their PF deduction. or not. plz guide me?
From India
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From India
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yes its mandatory to deduct pf even if u r member cross 58 years,,
From India, Surat
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80From India, Surat
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after 58 years of age, only pension fund contribution stops and full amount of contn goes to EPF. It is left the management to extend this facility to an employee.
From India, New Delhi
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From India, New Delhi
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After 58 years of age it is at the discretion of employee and management whether they want to deduct PF or not. Even if contribution is made to PF it does not form part of pension.
From India, Mumbai
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From India, Mumbai
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Dear Jagat Kumar ji,
Could you please justify your above statement with the exact provision under the EPF & PF Act 1952?
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Thank you.
From India, Mumbai
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Could you please justify your above statement with the exact provision under the EPF & PF Act 1952?
.................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .....
Thank you.
From India, Mumbai
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Provident Fund is a retirement benefit for employees. This benefit is applicable until the employee ceases to be employed by an organization. If an employee continues working after reaching retirement age, such as 58, 59, 60, etc., it still warrants that the fund be contributed to by the employer. The ILO has increased the retirement age, and some countries are already following suit.
Furthermore, the continuation of these contributions can be a motivating factor for other employees as well. It underscores the importance of honoring elders and addresses situations where employees consider changing jobs frequently.
From Sri%20Lanka, Dehiwala
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Furthermore, the continuation of these contributions can be a motivating factor for other employees as well. It underscores the importance of honoring elders and addresses situations where employees consider changing jobs frequently.
From Sri%20Lanka, Dehiwala
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Employees' PF & Misc Prov Act 1952.pdf
Employees' PF & Misc Prov Act 1952.doc