Anyone, please solve my query. My question is: I am a private employee in an organization, and my basic salary is about 6200/-. My employer contributes 12 percent, and so do I. However, I want to contribute more than 12 percent. Is it possible for me to do so? If yes, then what is the procedure to do this?
From India, Lucknow
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From India, Lucknow
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The first ride up to the mandatory ceiling height of 15000/- VPF is the mutual consent of the employee and employer for equal contribution to the fund. In very rare cases, the employer moves ahead with VPF.
Please let me know if you need any further assistance or clarification.
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651Please let me know if you need any further assistance or clarification.
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Its mean if I am not getting 15000 basic than I am not eligible to contribute more than 12 percent?
From India, Lucknow
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From India, Lucknow
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Dear, If employer not ready for VPF go for PPF. With Regards Sunil
From India, New Delhi
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From India, New Delhi
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Dear sunil ji, Employer will be ready for it but I want to know only that my basic is low can I contribute more or not? Is there any minimum basic salary limit for contribution in vpf?
From India, Lucknow
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From India, Lucknow
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If the employer is ready, then ask him to contribute on the gross salary in place of basic. That would resolve the problem. For a single person, VPF is a burden to the HR department. In this case, the EDLI and admin charges (a/c 21) have to be recovered from the employee on the VPF amount, and for this purpose, registers have to be maintained additionally.
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