DEAR ALL, WHAT IS THE MAXIMUM LIMIT FOR P.F ON EMPLOYEE PART ? IF ANY EMPLOYEE WANT TO DEDUCT HIS 100 % CONTRIBUTION. THEN PLEASE TELL ANSWER ME.
From India, Delhi
2From India, Delhi
Dear Satish
Employee wants to contribute more than employer deduction part it is called VPF ( Voluntary Provident fund)
Employee can contribute upto 100% on his/her basic salary not other parts. For this employee has to fill form no 2 A which is available in Epfo (Govt. of India)
For more details you can reach me
Lakshminaryana
9866917232
From India, Hyderabad
Employee wants to contribute more than employer deduction part it is called VPF ( Voluntary Provident fund)
Employee can contribute upto 100% on his/her basic salary not other parts. For this employee has to fill form no 2 A which is available in Epfo (Govt. of India)
For more details you can reach me
Lakshminaryana
9866917232
From India, Hyderabad
Hi, You can Contribute upto 100% of your basic salary... and you have to submit form-2 in Regional EPF Office... If you need form-2 copy.... kindly let me know....
From India, New Delhi
From India, New Delhi
There is no limit for contribution to PF . The employee can contribute voluntarily in excess of the prescribed limit also of his basic or basic +DA & VDA as the case may be. regards
From India, Bhubaneswar
From India, Bhubaneswar
Apart from the actual amount if the employee paid extra amount towards PF will he get double amount when he withdraw his PF amount.
From India, Hyderabad
From India, Hyderabad
Dear Satish Its not like as employer contribution, employer will pay at max of 12% ( 780) so employee can get the benefits of which he paid only thanks and regards Lakshminaryana
From India, Hyderabad
From India, Hyderabad
In my opinion, though there is no upper limit prescribed under the EPF& MP Act but Income Tax Deptt. May have some query. However, Employer will have to give his consent about his share and the deposition of Administrative Charges to the RPFC.
A.K.Chandok
RPFC (Retd.)
<link no longer exists - removed>
From India, Chandigarh
A.K.Chandok
RPFC (Retd.)
<link no longer exists - removed>
From India, Chandigarh
Standard contribution prescribed by EPF is 12% of Basic+DA or VDA. Employee can contribute a maximum of 20% towards epf, but here the employer's contribution shall be restricted to 12# only. As far as i know the 8% extra contribution by the employee towards pf shall attract income tax.
Naganand
From India, Hyderabad
Naganand
From India, Hyderabad
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