If an Employee completing his 58 year of his age and continues his duty in same organization, what are the process to follow as per PF ?
From India, Valsad
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From India, Valsad
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You can deduct PF from his salary and also contribute the employer's share. However, the employer's share should not be bifurcated; the entire 12% payable by the employer should be paid to EPF along with the employee's share.
From India, Kannur
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4526From India, Kannur
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What Mr. Madhu T. K has mentioned is one solution. Another solution may be that the employee will retire after attaining the age of retirement. Then the employee will be an excluded employee. Let him seek re-employment, and as an excluded employee, there is no need to deduct PF.
S K Bandyopadhyay (WB, Howrah)
CEO - USD HR Solutions
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From India, New Delhi
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S K Bandyopadhyay (WB, Howrah)
CEO - USD HR Solutions
[Phone Number Removed For Privacy-Reasons]
From India, New Delhi
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Yes. If the employee continuing the service is receiving a pension from EPFO, then he can be excluded from PF. Otherwise, he should withdraw the PF accumulations. An employee who has withdrawn the PF accumulation after 55 years of age can be excluded from PF coverage.
From India, Kannur
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From India, Kannur
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PF Pension fund contribution beyond 58 years of age.pdf
Death while in service letter for pf death claim.docx