03-07-2008, 04:30 PM
|  | | | Join Date: May 2008 Location: CHENNAI
Posts: 19
| |  thank u so much ...
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  |
03-07-2008, 06:59 PM
| | | | Join Date: Feb 2008 Location: haridwar
Posts: 31
| |
Dear Balaji,
Volu Contribution Depends On Employee He Can Contribute Upto 100% But U Need To Take Permision From E.p.f.o & As For As Employer Is Concern Max. Contribution Is 12%. But If Employer Is Willing To Pay More Towards E.p.f. He (employer) Can Pay. |
03-07-2008, 07:21 PM
| | | | Join Date: Jun 2008
Posts: 75
| |
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 |
04-07-2008, 11:07 AM
| | | | Join Date: Mar 2008 Location: delhi
Posts: 36
| |
I am 100% agree with you guys, but basic condition is that total deduction including PF,ESI,Gratuity,VPF, etc. should not cross the 50% of the total amount which you have going to pay. |
04-07-2008, 11:27 AM
|  | | | Join Date: Jan 2008 Location: Delhi
Posts: 23
| |
Hi,
in VPF you can contibute more in PF to save your tax as on PF you will get the tax rebate but employer contribution will not change. It will be only 12%. |
04-07-2008, 11:30 AM
|  | | | Join Date: Mar 2008 Location: kolkata
Posts: 185
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Hi friends;I have just a company as a HR executive. Dont have a format of payroll format. Please help me. I really need that format. |
04-07-2008, 01:33 PM
|  | | | Join Date: Mar 2008 Location: Chennai
Posts: 17
| |  PF Tracking
From our salary 12% is deducted as PF. I have some doubt n this . How do we employees will track, whether that deduction + Employer contribution is deposited in our PF account correctly . And how to track the total available balance in our PF account.
Regards,
Saranya |
05-07-2008, 12:53 PM
| | | | Join Date: Oct 2007 Location: HYDERABAD
Posts: 5
| | Vpf
THERE IS NO CEILING ON CONTRIBUTION OF V P F. The V P F Contribution is only on the willingness of employee and it should be on the
specific percentage on PF WAGE and it is not a fixed amount like Rs.1000/-, Rs. 500/- etc. It should be always a some % on P F Wage. There is no need to pay EMPLOYER contribution on this. It is a voluntary Provident Fund Contribution by the employee. Employees generally opt for VPF for I T purpose and savings.
KALIDAS |
05-07-2008, 06:21 PM
| | | | Join Date: Feb 2007 Location: N. delhi
Posts: 207
| |
I completely agree with Atishai. VPF is the cotribution made voulintarily by the employee towards his pf a/c.
Regards,
Sashmita |
06-07-2008, 11:09 AM
| | | | Join Date: Feb 2007 Location: Jalgaon
Posts: 164
| |
There is no limit that what employee should contribute in VPF it means he/she can contribute 100% of its basic+da salary.
Employer will not contribute at that rate what employee doing. Employer will just contribute the 10 or 12% whatever applies to establishment.
Best Regards |
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