Hi,
My employer has capped the PF contribution at 12% of Rs. 15,000/-, i.e., Rs. 1,800/- per month for both employer and employee contributions. Now, I would like to contribute towards VPF. Is it possible to contribute to VPF at a certain percentage of my actual basic salary, or will I only be able to contribute at a certain percentage of Rs. 15,000/-?
Thank you.
From India, Bengaluru
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My employer has capped the PF contribution at 12% of Rs. 15,000/-, i.e., Rs. 1,800/- per month for both employer and employee contributions. Now, I would like to contribute towards VPF. Is it possible to contribute to VPF at a certain percentage of my actual basic salary, or will I only be able to contribute at a certain percentage of Rs. 15,000/-?
Thank you.
From India, Bengaluru
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Why don’t you invest in other 80C Tax Free funds as employer may not entertain your request for VPF.
From India, Pune
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494From India, Pune
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Hello Sir, Can my employer deny my request to contribute to VPF? Is that legal?
From India, Bengaluru
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From India, Bengaluru
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In Voluntary PF u can contribute 100% of your actual basic.
From India, Mohali
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From India, Mohali
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Hi Pradeep,
That is true. However, I am informed that since my PF wages are capped at Rs. 15,000, I can contribute only 88% of Rs. 15,000 as VPF. The remaining 12% is already being contributed as an employee contribution to PF. I wish to contribute more than 88% of Rs. 15,000 as VPF. I wish to contribute about 60% of my actual basic. Is that possible?
From India, Bengaluru
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That is true. However, I am informed that since my PF wages are capped at Rs. 15,000, I can contribute only 88% of Rs. 15,000 as VPF. The remaining 12% is already being contributed as an employee contribution to PF. I wish to contribute more than 88% of Rs. 15,000 as VPF. I wish to contribute about 60% of my actual basic. Is that possible?
From India, Bengaluru
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The employer has to pay PF admin charges on the total contribution. If you contribute at a higher rate than the employer, the employer has to pay higher admin charges. As such, it is not obligatory for the employer to accept higher contributions.
From India, Mumbai
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From India, Mumbai
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Dear,
You can contribute the maximum of your EPF wages, with 12% being statutory and 88% voluntary. There is no question of PF admin charges as the employer is covering admin charges on EPF wages, i.e., on Rs. 15,000 (1800 Statutory + 13200 Voluntary = Max. Rs. 15,000). Please provide a declaration to the employer to deduct the required percentage. There is no relation.
The employer will contribute the maximum amount of Rs. 15,000 (CC + EPS).
Thanks,
Vidyadhar Bhat
From India, Pune
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You can contribute the maximum of your EPF wages, with 12% being statutory and 88% voluntary. There is no question of PF admin charges as the employer is covering admin charges on EPF wages, i.e., on Rs. 15,000 (1800 Statutory + 13200 Voluntary = Max. Rs. 15,000). Please provide a declaration to the employer to deduct the required percentage. There is no relation.
The employer will contribute the maximum amount of Rs. 15,000 (CC + EPS).
Thanks,
Vidyadhar Bhat
From India, Pune
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