dear senior
kindly give me some information on voluntary provident fund(vpf) as soon as possible...i need the info.My major doubt is ,is there any employer contribution in vpf,or the contribution is only from the employees side in the case of vpf.also tell me the minimum and maximum amount or % of vpf.....pls do reply
regards
bala sandhya.sl
From India, Madras
2kindly give me some information on voluntary provident fund(vpf) as soon as possible...i need the info.My major doubt is ,is there any employer contribution in vpf,or the contribution is only from the employees side in the case of vpf.also tell me the minimum and maximum amount or % of vpf.....pls do reply
regards
bala sandhya.sl
From India, Madras
thanks a lot malik...for ur info..the max is 12 % means wat is the min amt,the employee should pay for voluntary pf or vpf..other seniors,pls do post your answers,only form the seniors,we the juniors can improve our knowledge...thank u once again for the forum cite hr
From India, Madras
From India, Madras
Dear Bala
12% is employee share towards EPF and 12% is employer share out of which 8.33% goes to pension and rest is provident fund.now u can pay max 12% as VPF max .and min is as per your choice ,employer will only pay 12%.so vpf and epf can be upto 24%.
tks
j s malik
From India, Delhi
12% is employee share towards EPF and 12% is employer share out of which 8.33% goes to pension and rest is provident fund.now u can pay max 12% as VPF max .and min is as per your choice ,employer will only pay 12%.so vpf and epf can be upto 24%.
tks
j s malik
From India, Delhi
Hi Bala,
Voluntary PF is over & above the statutory PF of 12%. There is no limit for VPF. An employee can contribute as much as he/she may wish, earlier there was a cap on this. Employee is not required to pay any contribution towards VPF.
Hope this helps.
Regards,
Atishai
From India, Delhi
Voluntary PF is over & above the statutory PF of 12%. There is no limit for VPF. An employee can contribute as much as he/she may wish, earlier there was a cap on this. Employee is not required to pay any contribution towards VPF.
Hope this helps.
Regards,
Atishai
From India, Delhi
i would tel u in a ly mans terms.....the employers contri and the employee is of a max of 12%...but if u want to save more then u can increase the contribution from ur side to whtever extent but the employeers contribution will remain the same that is 12%(fluctuations can b there with regard to company policy)
From India, Delhi
From India, Delhi
wow...thats really an useful info...I got it clearly..I thought VPF is something an entirely different scheme from normal PF,but after ur reply,i understood,it s just an additional benefit,which is contributed from the employees side to get more benefits in the future...am i correct...thank u :icon1:
From India, Madras
From India, Madras
Dear All,
In my views;
The Maximum contribution towards PF indluding VPF is 20%. Employer's contribution will restricted upto 12% only. The approval is needed from RPFC office.
Employee is entitled for interest on such accumulation.Employer's service charge will increase to some extent(.01%)
Hope this is the latest status.
Regards,
ACCHR
From India, Mumbai
In my views;
The Maximum contribution towards PF indluding VPF is 20%. Employer's contribution will restricted upto 12% only. The approval is needed from RPFC office.
Employee is entitled for interest on such accumulation.Employer's service charge will increase to some extent(.01%)
Hope this is the latest status.
Regards,
ACCHR
From India, Mumbai
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Voluntary PF.doc
HC All - Trainees not covered for PF -2010.pdf