Hi all,
I have a senior mgmt 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 eligible for PF then whether he is eligible for pension fund? If no what will be deduction from his pay and what will be company contribution? or the whole 12% goes to PF??
Please help
Regards,
Harikeyel
From India, Thiruvananthapuram
I have a senior mgmt 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 eligible for PF then whether he is eligible for pension fund? If no what will be deduction from his pay and what will be company contribution? or the whole 12% goes to PF??
Please help
Regards,
Harikeyel
From India, Thiruvananthapuram
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PF for foreign employees 1.10.08.pdf