If employee is not member of PF, he/she can deposit vpf only ? is yes what is the procedure of VPF
From India, Gurgaon
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From India, Gurgaon
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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
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From India, Mumbai
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Their is CAP of 40 % on VPF ........................................................................................................
From United Kingdom
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From United Kingdom
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Dear Bala,
Actually, the contribution is 12% from the employee's side and 12% from the employer's side, plus some other administrative charges.
So, the government has set a minimum of 12% from the employee's contribution, and if the employee wishes to contribute more than 12%, they can voluntarily do so. Any additional contribution made by the employee beyond 12% is considered voluntary.
Mahesh
From India, Hyderabad
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Actually, the contribution is 12% from the employee's side and 12% from the employer's side, plus some other administrative charges.
So, the government has set a minimum of 12% from the employee's contribution, and if the employee wishes to contribute more than 12%, they can voluntarily do so. Any additional contribution made by the employee beyond 12% is considered voluntary.
Mahesh
From India, Hyderabad
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My employer is not providing felicity of VPF. How can I contribute in VPF? Is their any way ?
From India, Delhi
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From India, Delhi
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I wonder most of the guys on this cite they are just to misguide. For VPF employee can contribute for 100% on BASIC & DA (if given) Beware of incomplete information.
From India, Mumbai
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From India, Mumbai
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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
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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
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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
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From India, Mumbai
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Voluntary PF is deducted upon the request of the employee by the employer from his/her salary, a fixed amount. VPF is not limited. It is similar to a Recurring Deposit opened in a bank. It is an extra saving amount that you contribute to the PF department, and interest will be calculated.
Thanks,
SANJIV GUPTA
From India, Delhi
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Thanks,
SANJIV GUPTA
From India, Delhi
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