Login / Signup Show Tiles Close

Vijay Agarwal

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  

Viewed by 771
View all 8 comments Below 8 comments
PUSHPA K R
On Mon, 13 Jul 2020 21:40:21 +0530 Vijay Agarwal wrote
> more  
Raghavan T
Vijay Agarawal,This is the present system, so what you want now? more  
Vishwanath Pathak (Rural EcoSocialist )
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  
GURUSWAMY SANKARANARAYANAN (HR CONSULTANT FOCUSING ON LABOUR LAWS)
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  
SN Sitaram
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  
View 8 more comment(s)
Post a Comment

Related Posts

    • PF TDS Deduction

      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...

      By Suhail Sayed
      /
    • Interest for 19-20

      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.

      By Shibdas Mallick
      /
    • Inoperative account of PF

      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...

      By Punitha M
      /
    • PF fund withdrawal after retirement - Age 59

      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 ...

      By Ajit Shah
      /
    • Senior Citizens

      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...

      By Vijay Agarwal
      /
    • Senior Citizens Plight

      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...

      By Satyapal Singh
      /
    • EPFO screws citizens

      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 ...

      By Satvik Singh
      /
    • when does the pension start

      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 ....

      By SRINIVASAN GANESH
      /
    • Can employer deduct pf after 58 years ?

      If employer wants to retain employees after their retirement age then what is the procedure for it ?

      By Sonal Shingare
      /
    • How to calculate pension under EPS 1995

      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
      /
Share
WhatsApp
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

About Us Press News Trending Citizen Ratings Team Career Privacy Policy Sitemap Contact Us
© LocalCircles 2021 FB Link Twitter Link
Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)
Send