Sir,
we have appointed a retired person [age58 yrs] in purchase dept. on monthly consolidated salary of Rs. 16000/- pm. there is no PF and other benefits. is it PF compulsary for retired persons? whether from 11 is necessary for for non-deduction of PF ? before retirement he is PF member. Whether we need to show this consolidated salary in our regular Salary register coming under PF ESI Inspecter of factories inspection
kindly give ur valuable replies
venkateswaran
PF Deduction Not Mandatory for Retirees with Salary Above Rs. 6,500; Form 11 Needed for Non-Deduction Agreement. A retired individual, aged 58, has been employed in the purchase department with a consolidated monthly salary of Rs. 16,000, without Provident Fund (PF) or other benefits. The query seeks clarity on whether PF is compulsory for retired individuals and if Form 11 is required for non-deduction of PF. The individual was a PF member before retirement. The response clarifies that PF deduction is not required if the basic salary exceeds the statutory limit of Rs. 6,500, provided there is mutual agreement between the employer and employee. (AI Summary)
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