Similar to EPF SOCSO contribution will be deducted from both employees and employers funds and will be paid every 15th of each month. A person who has attained 58 years of age has resigned retired from services of a company and has taked full and final settlement of his PF dues from his previous employer is an excluded employee.
Epf Reduces Minimum Contribution For Employees Above Age 60 To 4 Per Cent
Malaysias 2021 budget announcement has highlighted that the EPF rate for employee under the age 60 years old is reduced from 11 to 6 by default with effect from February 2021 to January 2022.
. If he joins any establishment he will not come under the purview of PF Act. 7th October 2009 From India Calcutta.
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