Dear Sir/Madam, Can anyone please suggest whether we can employ a person with 77 years of age and keep him under payroll? What are the statutory implications like PF, ESI? Thank You
From India, Hyderabad
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From India, Hyderabad
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Employing a 77-Year-Old and Statutory Implications
You can employ him, and check whether he remains a member of EPFO. If so, continue the membership. However, if the wages being paid to him are above the statutory limit, there is no need to comply with PF & ESI. In the case of continuation in the PF Scheme, the entire contribution will go to PF, and there is no Pension Scheme contribution to be remitted.
From India, Mumbai
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1593You can employ him, and check whether he remains a member of EPFO. If so, continue the membership. However, if the wages being paid to him are above the statutory limit, there is no need to comply with PF & ESI. In the case of continuation in the PF Scheme, the entire contribution will go to PF, and there is no Pension Scheme contribution to be remitted.
From India, Mumbai
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Statutory Compliance of a Industrial or Commercial Unit.xls
Statutory-compl iance.pdf
SC Judgment-No obligation to excess contribution than Statutory Limit.docx