I HAVE CROSSED 60YERS OF AGE ON DT.15-3-2023. I AM STILL WORKIING IN A PRIVATE LIMITED COMPANY. NOT RETIRED. PF IS DEDUCTED FROM MY SALARY AND I HAVE NOT CLAIMED THE PF PENSION. I WANT TO KNOW THAT WHETHER PF CAN B DEDUCTED FROM THE SALARY AFTER 60 YEARS. PLEASE ADVISE.
04 May 2023
Sir, PF is deducted until an employee is in service. No age limit. But for the pension fund, you can't contribute after 58 years of age. You must claim pension or can defer it until 60 years of age, for which you get a 4% to 8% increased pension.
In your case, you must file a pension claim form. Regarding the employer's PF contribution, the full amount is deposited into PF Account.
CAclubindia
