06-07-2008, 12:53 PM
| | | | Join Date: Dec 2007 Location: bharuch
Posts: 28
| |
Its VPF means it depends upon u how much you money desire or how much % of your basic to deduct from your salary and deposited along withyour regular with PF deposit i.e.12% + 12% of employeer. On VPF employeer does not have any libality it your own and you will get same intrest as you are getting on regular P.F also you can not widraw
in between only on retirement or resignation. this as per my knowledge.
sunil prabhakar
Addl Manager H.R. Quote:
Originally Posted by balasandhya.sl  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 | |
06-07-2008, 11:04 PM
| | | | Join Date: Dec 2007 Location: indore
Posts: 17
| |
dear friends,
what is ESIC?????according to my knowledge it provide some benefit Sickness & other, suppose we are not taking any benefit then what happen according this Act..can any one explain this act....plzzzzzz |
07-07-2008, 01:32 PM
| | | | Join Date: May 2008
Posts: 9
| |  Reply
 Hi, For the deduction of Voluntary Provident Fund you have to apply for regularizing membership/Provident Fund Contributions deduction on salaries over and above Rs. 6500/- or at Higher Rate. But employer should pay only 12% on basic rate. An employee can deduct the Provident Fund upto 32% of his basic. for thios he gets 8.5% intrest rate. Pravin |
07-07-2008, 02:33 PM
| | | | Join Date: Apr 2007 Location: Dehradun
Posts: 5
| |
Voluntary contribution is that, which the individual wish he should deposit it in his/her provident fund. It can be any amount. The statutory deduction is minimum 12% from employee side and 12% from employer side. But Voluntary contribution is dependent on the individual, howsoever amount an individual is able to free to take off from his salary on monthly basis. The advantage is income tax saving, higher rate of interest etc. |
08-07-2008, 10:52 AM
| | | | Join Date: Jan 2008 Location: Mumbai
Posts: 4
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now PF is apllicable from 10 employees & older one is 20 employees |
08-07-2008, 10:53 AM
| | | | Join Date: Jan 2008 Location: Mumbai
Posts: 4
| | PF
now PF is applicable from 10 employees, previously it is 20 employees |
08-07-2008, 05:44 PM
| | | | Join Date: Jun 2005 Location: Nagpur India
Posts: 173
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Hi,
In short, voluntary contribution has NO UPPER LIMIT.
Cyril |
08-07-2008, 10:12 PM
| | | | Join Date: May 2008 Location: CHENNAI
Posts: 18
| |
hi all
My sincere thanks to all of you for taking time to reply ...thanks a lot for all your useful inputs
REGARDS
bala sandhya.sl |
08-07-2008, 10:14 PM
| | | | Join Date: May 2008 Location: CHENNAI
Posts: 18
| |
hi all
really cite hr is a very useful forum,helping the hr community a lot..feel happy to be a member of cite hr
regards
sl.bala sandhya |
09-07-2008, 08:40 AM
| | | | Join Date: Apr 2008
Posts: 1
| |
hi as per my knowledge the total pf contribution is 24% + 1.61% =25.61%
here 24% means 12% frm employee and 12% frm employer and remaining 1.61% is for pf admin charges and in this 12% employee contribution 8.33% is for eps and 3.67% is for epf. |
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