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Search Result For "Above 58 Years Age Persons Can We Allowed" - Page 1
Hi all,I have a senior management guy joining our board now. He is aged 59\. His contract includes provident fund benefits.I have the following doubts:1\. Whether he is eligible for PF as he is above 58, which is considered to be the retirement age.2\. If he is ...
Hi,If you have not received an answer to your problem, please mention it again. I can help you with this subject.Best Regards,Prashant Patil
There are certain sectors like banks and teaching where retirement age is 60 and 62\. Normally, if an employee retires at 58, he is usually engaged on a contract for a consolidated sum, minus the usual benefits such as travel and medical, etc.Surya
Dear Friends,Most of all interpretations are correct. In some cases, persons are appointed as "RETAINERS." Except for PF Pension, all other elements are to be treated as usual. However, this is purely dependent upon management policy. A model Retainer Appointmen...
Dear Mohan,Employee Pension Scheme 1995 (EPS) is the third retirement benefit, which is contributory. This came into force in 1995, replacing the Employee Family Pension Scheme 1971 (assured benefit). The purpose of the scheme is to secure financial assistance t...
Dear All Seniors,He should be appointed as a consultant. The money paid could be termed as consultant fees, and only income tax is to be deducted at the source.Thanks to all.
Dear Mr. MN Sahu Ji,The employee is retired from Government service and is receiving a pension. In my view, he is eligible for all benefits under the following acts:- For PF under E.P.F. Act, 1952- For Bonus under Payment of Bonus Act, 1965- For E.S.I. under E.S...
The age of retirement/superannuation of an employee is specified either in the terms of contract or by Industrial Employment and Standing Orders Act. The Factories Act has nothing to do with it. However, the employee pension scheme does not allow a 58-year-old p...
Hi,First point that you have to be aware of is that there is no bar on employing people who have crossed the retirement age, which is giving them a status of "re-employed pensioner". Such persons are generally to be paid a consolidated amount only based on the d...
@Mohan:> Dear All Seniors,> > Please let me know whether a person aged 58 years (completed 58 years) can join a company and receive Rs. 15,000 as Gross Salary. If the company has a fixed retirement age of 58 years, then is he eligible for Provident Fund, Pension...