One of our directors who aged 70, drawing remuneration with basic pay of more than 1 Lac. We are still paying him Pf and no EPS contribution. Is it possible to stop his PF contribution or we have to pay even his basic salary is high because he is still on the payroll and the previous deduction made.
From India, Bengaluru
From India, Bengaluru
No. Once a person has an existing PF account you need to continue deducing his PF and depositing it into his account as long as he is employed and getting a salary.
From India, Mumbai
2383From India, Mumbai
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf