# Retirement Age **URL:** \ **Category:** Ask the Community\ **Created:** [May 22, 2023, 8:54am UTC](https://community.greythr.com/t/retirement-age/8996 "2023-05-22T08:54:02Z")\ **Posts on this page:** 18\ **Page:** 1
**Author:** ![SOWJANYA1](https://avatars.discourse-cdn.com/v4/letter/s/dec6dc/32.png) [@SOWJANYA1](https://community.greythr.com/u/SOWJANYA1)\ **Post date:** [May 22, 2023, 8:54am UTC](https://community.greythr.com/t/retirement-age/8996/1 "2023-05-22T08:54:02Z")
Hi Everyone, I would like to know retirement age is to consider 58years or 60years? As per my knowledge according to Telangana Shops & Establishment is 60years. But some companies following 58years. Is there any specific law to consider 58years or is it okay as per statutory also? What is the retirement age followed in IT companies? Please provide me your inputs which will be helpful to me a lot. Thanks in advance. Regards, Sowjanya ---
**Author:** ![Kaulin](https://sea2.discourse-cdn.com/flex024/user_avatar/community.greythr.com/kaulin/32/2425_2.png) [@Kaulin](https://community.greythr.com/u/Kaulin)\ **Post date:** [May 22, 2023, 9:46am UTC](https://community.greythr.com/t/retirement-age/8996/2 "2023-05-22T09:46:47Z")
Hey @SOWJANYA1 . In India, the retirement age in IT is **between 58 and 60 years in the private sector**. For central government employees, it is 60 years. Based upon further company policies one year can be picked. Hope that helps. Community Manager. ---
**Author:** ![SOWJANYA1](https://avatars.discourse-cdn.com/v4/letter/s/dec6dc/32.png) [@SOWJANYA1](https://community.greythr.com/u/SOWJANYA1)\ **Post date:** [May 22, 2023, 10:11am UTC](https://community.greythr.com/t/retirement-age/8996/3 "2023-05-22T10:11:03Z")
Thank you Mr.Kaulin! So we can choose 58 or 60, on company’s discretion right? Regards, Sowjanya ---
**Author:** ![Kaulin](https://sea2.discourse-cdn.com/flex024/user_avatar/community.greythr.com/kaulin/32/2425_2.png) [@Kaulin](https://community.greythr.com/u/Kaulin)\ **Post date:** [May 22, 2023, 10:39am UTC](https://community.greythr.com/t/retirement-age/8996/4 "2023-05-22T10:39:08Z")
Yes @SOWJANYA1 , It’s at your discretion. Hope this helps. Community Manager. ---
**Author:** ![Ludy](https://avatars.discourse-cdn.com/v4/letter/l/d6d6ee/32.png) [@Ludy](https://community.greythr.com/u/Ludy)\ **Post date:** [May 22, 2023, 11:37am UTC](https://community.greythr.com/t/retirement-age/8996/5 "2023-05-22T11:37:04Z")
Hi, What if the employee decided to continue working despite being 60 - are there any additional statutory compliance the employer needs to fulfill? ---
**Author:** ![SOWJANYA1](https://avatars.discourse-cdn.com/v4/letter/s/dec6dc/32.png) [@SOWJANYA1](https://community.greythr.com/u/SOWJANYA1)\ **Post date:** [May 22, 2023, 11:41am UTC](https://community.greythr.com/t/retirement-age/8996/6 "2023-05-22T11:41:48Z")
Hi Ludy, If company requires his/her services after retirement procedure, you can hire them as a Consultant subject to TDS deductions only as applicable. Regards, Sowjanya ---
**Author:** ![Ludy](https://avatars.discourse-cdn.com/v4/letter/l/d6d6ee/32.png) [@Ludy](https://community.greythr.com/u/Ludy)\ **Post date:** [May 22, 2023, 1:00pm UTC](https://community.greythr.com/t/retirement-age/8996/7 "2023-05-22T13:00:28Z")
Hello, So can he already stop to contribute with PF also? ---
**Author:** ![Sandeep\_G](https://avatars.discourse-cdn.com/v4/letter/s/a8b319/32.png) [@Sandeep\_G](https://community.greythr.com/u/Sandeep_G)\ **Post date:** [May 22, 2023, 2:47pm UTC](https://community.greythr.com/t/retirement-age/8996/8 "2023-05-22T14:47:35Z")
Hey @Ludy , If an employee completes his or her 60 years then he or she can’t be on payroll, means there would not be any deduction like PF & ESI. They can be work in the company on contract basis only & for the contractual employees, there is no any deduction like PF & ESI. Hope this helps. Sandeep. ---
**Author:** ![Ludy](https://avatars.discourse-cdn.com/v4/letter/l/d6d6ee/32.png) [@Ludy](https://community.greythr.com/u/Ludy)\ **Post date:** [May 23, 2023, 1:21pm UTC](https://community.greythr.com/t/retirement-age/8996/9 "2023-05-23T13:21:08Z")
Dear Sandeep, Thank you for the information… 🙂 ---
**Author:** ![Ludy](https://avatars.discourse-cdn.com/v4/letter/l/d6d6ee/32.png) [@Ludy](https://community.greythr.com/u/Ludy)\ **Post date:** [May 25, 2023, 10:03am UTC](https://community.greythr.com/t/retirement-age/8996/10 "2023-05-25T10:03:34Z")
Hi Sandeep, ![image](https://us1.discourse-cdn.com/flex024/uploads/greytip1/original/2X/c/c680a1cbbb7a8169728e0d1d92dbba2822792690.jpeg) This was shared by our employee turning 60 next month - this confirms your reply right? what I just do not understand is " And the 8.33% contribution from employer side will go towards EPF fund" - can you expound please… ---
**Author:** ![Ludy](https://avatars.discourse-cdn.com/v4/letter/l/d6d6ee/32.png) [@Ludy](https://community.greythr.com/u/Ludy)\ **Post date:** [May 25, 2023, 10:07am UTC](https://community.greythr.com/t/retirement-age/8996/11 "2023-05-25T10:07:30Z")
Dear @SOWJANYA1, Do you have a template for the contract of a consultant - can you please share if you do? 🙂 thank you. ---
**Author:** ![Kaulin](https://sea2.discourse-cdn.com/flex024/user_avatar/community.greythr.com/kaulin/32/2425_2.png) [@Kaulin](https://community.greythr.com/u/Kaulin)\ **Post date:** [May 25, 2023, 12:23pm UTC](https://community.greythr.com/t/retirement-age/8996/12 "2023-05-25T12:23:58Z")
Hi @Ludy . Here is an extract of FAQs from EPF portal > **[EPFO || FAQ](https://www.epfindia.gov.in/site_en/FAQ.php)** > > contains the links for MIS,coc You can see a range of queries and answers. Hope this works for you. Community Manager. ---
**Author:** ![SOWJANYA1](https://avatars.discourse-cdn.com/v4/letter/s/dec6dc/32.png) [@SOWJANYA1](https://community.greythr.com/u/SOWJANYA1)\ **Post date:** [May 31, 2023, 5:39am UTC](https://community.greythr.com/t/retirement-age/8996/13 "2023-05-31T05:39:51Z")
Hey Ludy, That’s correct. In EPFO the retirement age is 58years so employee & employer Pension contribution(EPS) will be directly contributed into EPF Fund. Based on the retirement age in any company, the PF contribution can be done till his/her retirement in the company but no more Pension contribution. Hope this will clear your query. Regards, Sowjanya ---
**Author:** ![SOWJANYA1](https://avatars.discourse-cdn.com/v4/letter/s/dec6dc/32.png) [@SOWJANYA1](https://community.greythr.com/u/SOWJANYA1)\ **Post date:** [May 31, 2023, 5:56am UTC](https://community.greythr.com/t/retirement-age/8996/14 "2023-05-31T05:56:04Z")
Dear Ludy, Share with me your email id. Regards, Sowjanya ---
**Author:** ![Ludy](https://avatars.discourse-cdn.com/v4/letter/l/d6d6ee/32.png) [@Ludy](https://community.greythr.com/u/Ludy)\ **Post date:** [May 31, 2023, 6:09am UTC](https://community.greythr.com/t/retirement-age/8996/15 "2023-05-31T06:09:27Z")
Hello Sowjanya1, it is [Ludymar.bernal@lindner-group.com](mailto:Ludymar.bernal@lindner-group.com) 🙂 ---
**Author:** ![sojin.thomas](https://avatars.discourse-cdn.com/v4/letter/s/a183cd/32.png) [@sojin.thomas](https://community.greythr.com/u/sojin.thomas)\ **Post date:** [May 31, 2023, 6:42am UTC](https://community.greythr.com/t/retirement-age/8996/16 "2023-05-31T06:42:35Z")
How could it rectify if it wrongly credited to Pension fund. ---
**Author:** ![SOWJANYA1](https://avatars.discourse-cdn.com/v4/letter/s/dec6dc/32.png) [@SOWJANYA1](https://community.greythr.com/u/SOWJANYA1)\ **Post date:** [May 31, 2023, 8:44am UTC](https://community.greythr.com/t/retirement-age/8996/17 "2023-05-31T08:44:14Z")
Hi Ludy, Shared the same. Regards, Sowjanya ---
**Author:** ![Ludy](https://avatars.discourse-cdn.com/v4/letter/l/d6d6ee/32.png) [@Ludy](https://community.greythr.com/u/Ludy)\ **Post date:** [May 31, 2023, 8:56am UTC](https://community.greythr.com/t/retirement-age/8996/18 "2023-05-31T08:56:15Z")
Dear Sowjanya1, Appreciate it. Thanks a lot.