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
PF is a very remunerative investment option, having made contribution till his 70 years of age, will be it prudent to terminate it suddenly?. PF authorities can view this as non-compliance as you are continuing to pay him salary all along.
From India, Mumbai
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