PF deductions
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
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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
Jul 14
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
Jul 14
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
Jul 14
