My basic is Rs.7500 but my PF is not deducted due to croos limit of Rs.6500 as per PF rules. Can i apply for Voluntory PF deduction? Regards, Robins Christian
From India, Mumbai
From India, Mumbai
Their is CAP of 40 % on VPF ........................................................................................................
From United Kingdom
From United Kingdom
dear bala,
Actually the contribution is 12% from Employee side & 12% from Employer side + some other admin charges.
So the government has fixed 12% minimum from Employee contribution and if the employee wants to contribute more then 12% he can. If the employee is contributing more then 12% what ever the extra contribution is done that is called voluntary.
Mahesh
From India, Hyderabad
Actually the contribution is 12% from Employee side & 12% from Employer side + some other admin charges.
So the government has fixed 12% minimum from Employee contribution and if the employee wants to contribute more then 12% he can. If the employee is contributing more then 12% what ever the extra contribution is done that is called voluntary.
Mahesh
From India, Hyderabad
My employer is not providing felicity of VPF. How can I contribute in VPF? Is their any way ?
From India, Delhi
From India, Delhi
Provident Fund (PF) & Voluntary Provident Fund (VPF):
PF is automatically deducted from your salary.
Both you and your employer contribute to it.
While employer’s contribution is exempt from tax, your contribution (i.e., employee’s contribution) is counted towards section 80C investments.
You also have the option to contribute additional amounts through voluntary contributions (VPF).
Current rate of interest is 8.5% per annum (p.a.) and is tax-free.
From India, Mumbai
148PF is automatically deducted from your salary.
Both you and your employer contribute to it.
While employer’s contribution is exempt from tax, your contribution (i.e., employee’s contribution) is counted towards section 80C investments.
You also have the option to contribute additional amounts through voluntary contributions (VPF).
Current rate of interest is 8.5% per annum (p.a.) and is tax-free.
From India, Mumbai
Try speaking to your HR Head, give them a written application if necessary; for the amount of VPF you want to deduct from your Salary. Or you will have to separately visit the PF office, I suppose.
From India, Mumbai
From India, Mumbai
Voluntary PF is deducted on request of Employee by employer from his/her salary a fixed amount, VPF are not limit. It is like a Recurring Deposit like opened in bank. It is extra saving amount which you put with PF department Interest will be calculated.
Thanks
SANJIV GUPTA
From India, Delhi
Thanks
SANJIV GUPTA
From India, Delhi
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Voluntary PF.doc
HC All - Trainees not covered for PF -2010.pdf