Vpf Contribution Limit

Dear all,Does this mean that an employee can contribute a higher amount to VPF? Is there a limit, or can they contribute any amount they wish to?

Dear Vipul,Not only will you receive interest on your VPF plus the employer's contribution of 12%, it will also be free from attachment of any decree by court. You simply need to request your employer to deduct the proposed VPF amount from your salary. I recomme...

ContributionsVoluntary Provident Fund (VPF)VPF is applicable for employees who are covered under the Employee’s Provident Fund.How can employee opt for VPF?Any employee can opt for VPF by mentioning the details like what is the percentage he/she wants to opt on ...

Dear Shah,There is no limit to EPF as 20% as mentioned by you. The Act does not specify this. EPF can be any amount up to your qualifying salary within its 100%. The employer will contribute only 12% along with administrative charges.Regards,Suresh

Dear Sir,For voluntary higher rate of PF contribution (beyond 12%), there is no lower limit or upper limit prescribed in the Act.D. GurumurthyHR & IR Consultant, Hyd.

Thank you, Suresh. If we are cutting VPF from the salary, shall we get the government interest? Do we need to obtain any permission from the employer to deduct the VPF?

Hello Vipul,EPF is usually an extension of VPF. In simpler words, in EPF, both the employer and employee contribute 12% each. Additionally, the employer is expected to cover the account handling and insurance charges, which are minimal.Under the EPF scheme, an e...

Is there any ceiling on VPF contribution? Can I make a 2.5L VPF contribution during a financial year?–-