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singh.bhim89@yahoo.in
AFTER 58 YEARS AGE, CAN WE DEDUCT P.F

PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Vmlakshminarayanan
Agm - Hr&admin
Jeevarathnam
Sr Manager Hr & Compliances
Nanu1953
Ceo-usd Hr Solutions
Alok-singh1
Labour Officer
Sitaramsn
Hr Freelancer
Agarwal BD
Hr Head

vmlakshminarayanan
919

Hi

According to EPFO guidelines, an employee shall cease to be the member of Pension Fund from the date of attaining 58 years of age or from the date of vesting admissible benefits under the scheme, whichever is earlier. However, in cases of continuation of service, the employer needs to pay the Employees’ Provident Fund Contribution till the date of his or her leaving the service, irrespective of the age of the member.

From India, Madras
jeevarathnam
633

Adding to Lakshminarayanan post Please do note that employer contribution of entire 12% shall be credited to EPF account only
From India, Bangalore
alok-singh1
78

Hello,
Singh Bhim,
Can you confirm why do you want to deduct PF after retirement of an employee?
I would not recommend to deduct PF after 58 years because after completion of 58 years related employee is eligible to get pension benefit.


steve-harrington
best software development
From India, Chennai
Agarwal BD
6

Retirement age in many organizations now is 60 years, so PF deduction is based on retirement and not only 58 years of age.
From India, Kolkata
sitaramsn
26

EPF and EPS are exclusive benefits. Though employee retires at 58 and eligible for EPS, he can continue contributing to EPF. We are to understand here one thing, that it is a retiral benefit and the accrual will provide additional benefit to employee. When it is beneficial to employee and who can contribute further, it can be continued till his retirement.
From India, Hyderabad
nanu1953
334

The query can be explained as per below following the guidelines of EPFO:-

1. If the employee retired after reaching the age 58 and settled PF along with to receive EPS, THEN THE EMPLOYEE will be considered as Excluded employee. There will be no need for PF or EPS contribution.

2. If the employee will retire after 58 at any other age, then EPS will discontinue but the contribution to PF will continue along with EPS contribution to PF Account.

3. Without closing of PF Account it will not be possible to stop contribution to PF Account irrespective of age of the employee.

S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
+91 98310 81531

USD HR Solutions – To Strive towards excellence with effort and integrity

From India, New Delhi
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