Dear Mr. Shobhaa Thakur,
Yes, we also deduct the PF of employee one who exceed the basic limit i.e. 6500/-
This basically it depends on employer that he is deducting the PF of employees who exceeds the the PF limit or not.
On the other hand if an employee don't want to deduct his PF (Incase he is exceding the PF Limit- for New JOinees only, not for existing), He has option, not to deduct his pf, He has to fill a form 11, or has to drop an application to declear for not deducting the PF to the company's HR Dept at the time of Joining.
and for existing employees, if an employee is crossing the PF limit, It is not withdrawn, this already given by MR. P Ramachandran.
Regards
Nandan SIngh NEgi
New Delhi