what is voluntary pf

skh.1983 · #31 (**permalink**) 09-07-2008, 10:17 AM

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

Dear Bala,
The PF contribution is 12% both from employer & employee side. 12% is compulsory but in case employee wants he/she can increase the % of share of PF from the basic salary but employer contribution remains the same. There is no obligation on employer to increase their % of share on vpf.

In case of more clarification feel free to get in touch on

.

Regards
Shikha Jain

kvsrsastry · #32 (**permalink**) 09-07-2008, 10:46 AM

Dear,
According to me, employee can invest maximum of 27% of his salary (Basic + any DA + Food concession, if any) towards PF Contributions.

As most of the companies are bound to pay 12% PF, employees have a provision to contribute remaining 15% towards VPF.

However, Company contributes to the tune of 12% only.

Example:
Salary - Rs.10,000.00
Employee Cont - Rs. 1,200.00
Co.share to EPF - Rs. 659.00
Co.share to FPS - Rs. 541.00
Employee share towrads VPF (Max 15%) - Rs.1500.00

However, under the current interest rates and ivestment patterns and more options available (like PPF / MFs) the VPF has no major attraction in employee community. This was in practice in early years as many employees' savings are only through 'Forced' deductions.

Thanks & Best Regards,
Venkat

sandiparsinha_05 · #33 (**permalink**) 09-07-2008, 12:09 PM

Dear all,
i want help in forming the hr policy for a new organization
as i am also new in this field pls help

atishai · #34 (**permalink**) 09-07-2008, 02:18 PM

Dear All,

Enclosed is the doc on salient features of PF.

Same can be downloaded from DKM Online - Download Section

Hope this is helpfull to all of us.

Regards,
Atishai

kainth_t · #35 (**permalink**) 09-07-2008, 03:12 PM

hi 2 all,
Voluntary PF is the contribution of employee's own contribution and not from the employer side and has no limit. In our company it is restricted and compulsory to 12% from employer side but it can be more than 12% from employee side.
thx
Tajender K Bajaj

tarana · #36 (**permalink**) 09-07-2008, 04:52 PM

really very nice information by all the seniors.thanks a lot

Refards
Tarana

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode