At he age of 58 PF becomes matured and payable to respective employees. PF should not be deducted if employee does not want to contribute. However, if deduction is made with consent of employee, both contributions of employer & employee should be credited to PF fund without Pension contribution as pension is calculated at the age of 58 only. more
You can refer to EPF &MP Act 1952 in this regards. The CPF and Pension have separate regulating provisions where in the pensionable age is 58 years under EPS 95 scheme. more
Dear Mr Vijay Agarwal: I am of the opinion that when an employee continues to be in service after the superannuation age of 58, he should continue to contribute to PF mandatorily and there is no question of option. But no contribution for Pension. The entire 12% (now 10%) should go to Provident Fund. more
It is true that pension can be postponed till the age of 60. I believe that there is a notification in this regard offering additional pension too. Experts may provide details. more
Hello there. Is it true that if the PF account is settled within 5 years, then TDS gets deducted from it? I had settled my PF account within (I suppose) 5 years mentioning that I am going abroad an...
Has anybody received Interest for 2019-20 credited in their account? News said 8.15% would be credited by Diwali but I couldn't see anything in my account.
I have a company PF which I left 2010 and I didn't claim the PF amount. As gone thru EPFO website I got to know that my account will under inoperative account. I have sent composite claim form (Non...
I submitted PF withdrawal form when I took retirement from the Pvt employer and I received majority of the PF balance - employer contribution as well as my contribution. I applied after ...
Govt. is only to extract taxes for its leaders. Senior Citizens get concessional or free welfare measures in a welfare state. Ours is a leaders govt. for its own welfare. Revenue hardly meets its l...
Got across a post written by a senior citizen known to me..His post is as follows..After the age of 70..senior citizens are not eligible for medical Insurance..loan on EMI..No driving license..no j...
While people are heartbroken over arrest of Rhea or angry with demolition of house of Kangana, EPFO lowered interest rate of 8.15% to subscribers for 2019-20 for now. Interest on your money.... So ...
I have just finished 58 years a few days back ( in August 2020 ). when I checked the PF portal no information is available regarding my pension number/Bank even though I filled it up 3 years back ....
How to calculate pension under EPS 1995 after attaining the age of 58 years Date of Joining - 01/10/1983 Date of Exit - 30/06/2018 Pensionable salary (5 years average) = 13,017/- per...
By Alok Kumar Shrivastav
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