02-07-2008, 03:36 PM
| | | | Join Date: May 2008 Location: CHENNAI
Posts: 18
| |  what is voluntary pf
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 |
02-07-2008, 03:46 PM
| | | | Join Date: Nov 2007 Location: noida
Posts: 293
| |
Dear bala
IT IS 12% max and employer is not reqd to pay.
tks
j s malik |
02-07-2008, 04:04 PM
| | | | Join Date: May 2008 Location: CHENNAI
Posts: 18
| |
thanks a lot malik...for ur info..the max is 12 % means wat is the min amt,the employee should pay for voluntary pf or vpf..other seniors,pls do post your answers,only form the seniors,we the juniors can improve our knowledge...thank u once again for the forum cite hr |
02-07-2008, 05:17 PM
| | | | Join Date: Nov 2007 Location: noida
Posts: 293
| | Vpf
Dear Bala
12% is employee share towards EPF and 12% is employer share out of which 8.33% goes to pension and rest is provident fund.now u can pay max 12% as VPF max .and min is as per your choice ,employer will only pay 12%.so vpf and epf can be upto 24%.
tks
j s malik |
02-07-2008, 05:55 PM
| | | | Join Date: May 2008 Location: CHENNAI
Posts: 18
| |
Thank You Once Again Malik |
02-07-2008, 07:02 PM
| | | | Join Date: Jun 2008
Posts: 4
| |
Hi Bala,
Voluntary PF is over & above the statutory PF of 12%. There is no limit for VPF. An employee can contribute as much as he/she may wish, earlier there was a cap on this. Employee is not required to pay any contribution towards VPF.
Hope this helps.
Regards,
Atishai |
03-07-2008, 10:18 AM
| | | | Join Date: May 2008 Location: CHENNAI
Posts: 18
| |
thank u atishai |
03-07-2008, 12:48 PM
| | | | Join Date: Jun 2008
Posts: 4
| |
Correction...
"Voluntary PF is over & above the statutory PF of 12%. There is no limit for VPF. An employee can contribute as much as he/she may wish, earlier there was a cap on this. Employer is not required to pay any contribution towards VPF"
Apologies’... |
03-07-2008, 01:23 PM
| | | | Join Date: May 2008 Location: CHENNAI
Posts: 18
| |  thank you
thank you once again....  |
03-07-2008, 02:09 PM
| | | | Join Date: Sep 2007 Location: delhi
Posts: 26
| |
i would tel u in a ly mans terms.....the employers contri and the employee is of a max of 12%...but if u want to save more then u can increase the contribution from ur side to whtever extent but the employeers contribution will remain the same that is 12%(fluctuations can b there with regard to company policy) |
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