If the company is covered under PF Act then is employer exempted from contributing provident fund of his share and deducting workers pf in case of worker above 58 years drawing monthly wages less than Rs. 15000/- (a) considering he is a new entrant, not an existing pf member (b) worker is existing pf member.
From India, Thane
From India, Thane
Dear Sharad you have stated that Employee is already Member of EPF.He has joined your Establishment after attaining 58 years.If Employee in question has not withdrawn His PF Accumulations, he will continue to be Member of EPF Consequent to Joining your Establishment
From India, New Delhi
606From India, New Delhi
Dear Srinath, what if the company is covered under PF Act then is employer exempted from contributing provident fund of his share and deducting workers pf in case of worker above 58 years drawing monthly wages less than Rs. 15000/- considering he is a new entrant, not an existing pf member
From India, Thane
From India, Thane
Dear Mr Sharad, maximum age for coverage of an Employee under EPF is 55 Years.EPF is meant for creating "Retirement Fund". In case you recruit an Employee above 58 Years, you can exclude such Employee from EPF Coverage provided Employee was never EPF Member.You have to compulsorily take EPF Declaration Form-11 & initiate action based on the information furnished therein
What is the logic of Recruiting an Employee who has already attained 58 Years? is it a hypothetical question?
From India, New Delhi
What is the logic of Recruiting an Employee who has already attained 58 Years? is it a hypothetical question?
From India, New Delhi
Agree that their is no logic in recruiting a worker over 58 years. But their are cases in which persons have been recruited as Consultants.
From India, Thane
From India, Thane
Dear Sharad, Please understand the difference between Employee vis a vis Consultant.EPF Act is applicable to Employees, not to consultants
From India, New Delhi
From India, New Delhi
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Employer-PF-res trict to wages of Rs 6500.pdf