Pf Querry

sureshjakhotiya · #1 (**permalink**) 13-05-2008, 04:01 PM

Dear all
Under sec 29(2) of PF Act,,No upper limit of employees' contribution is defined.
Can an employy with basic salary of 30,000 P.M. contribute 20,000 towards his contribution.
Employer will however pay 12% on basic max.
If yes, any law or case law on this.? Will PF dept pay interest on employees' additional voluntry contribution?
regards
Suresh

G K Sharma · #2 (**permalink**) 16-05-2008, 03:32 PM

I am agreed with you.
The employer has only to contribute towards the PF contribution @12% of the basic + DA.
The empolyee can contribute more than 12% and the PF department will give interest on it as on the 1st 12%.

(G K Sharma)

katyana · #3 (**permalink**) 16-05-2008, 03:52 PM

Dear sureshjakhotiya,

The maximum percentage an employee contributes is 20% of basic. And yes u will get the interest on your voluntry contribution. But as a matter of fact, your employer will give only his 12 % contribution on basic.

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