p.f.

s.v.goplani (Querist) 02 July 2011 This query is : Resolved
our two employees attained age of 62 years, (crossed age of 58 and we were unaware) p.f. deducted for last 6 years. how to settle their a/c and case for withdrawal both are alive & left the service in april'11. kindly advice & oblige.

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V.Harikrishnan (Expert) 03 July 2011
Do you have proof of their age/date of birth

Kirti Kar Tripathi (Expert) 03 July 2011
In case, they accepted their retirement to settle their account on the basis of their retirement date.Otherwise, retire them immediately and settle their dues on the date of retirement. Dues means every terminal benefit including their PF, gratuity, leave encasement, bonus etc. date

A K CHANDOK (Expert) 05 July 2011
As per provision under the EPF&MP Act,one can contribute deduction for P.F. till he serves the estt.but under EPS 95, no contribution is to be deducted after the age of 58 years.
In this case, these ees. should apply for PF withdrals and claim Pension for the period upto attaining 58 years of age.
The excess amount deposited is to be got refunded as a PF withdrawal.
For this ,the Er. should take up the matter with concerned RPFC.

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