Can employer deduct pf after 58 years ?
If employer wants to retain employees after their retirement age then what is the procedure for it ? more
Employer is not required to contribute to PF after the retirement age i.e. 60 years in private sector. However employee is allowed to contribute voluntarily to his PF account if he continues in service after retirement. more
As per PF contribution rate applicable as on date:
UNDER EPS Contribution is payable out of the employer’s share of PF and no contribution is payable by employee. Pension contribution not to be paid:
When an employee crosses 58 years of age and is in service (EPS membership ceases on completion of 58 years).
When an EPS pensioner is drawing Reduced Pension and re-joins as an employee.
In both the cases the Pension Contribution @8.33% is to be added to the Employer Share of PF. (Pension contribution is not to be diverted and total employer share goes to the PF). In case an employee, who is not existing EPF/EP member joins on or after 01-09-2014 with wages above Rs 15000/- In these cases the pension contribution part will be added to employee share, EPF.
In all other cases Pension Contribution is payable.
Hope this helps more
Yes they can deduct PF from employee even after 58 as long as the person is retained in service with normal pay. Private industry super annuation age is 60, but many people are retained for further 3-5 years and they do contribute to PF. more
UPTO 60 years
Pension will be increased to 110 percent
On Mon, Jul 13, 2020, 16:41 Sonal Shingare <firstname.lastname@example.org
PF can be deducted by employer till retirement of that company. But EPF which is being deducted from employer email@example.com% will be transferred to EPFO. But this cannot be done after 58 years of age as EPFO will start giving you monthly pension after 58 years after calculations of your last pay drawn,service rendered etc. more