Hi HR experts,
Please let me know what is the maximum limit of VPF on the employee's side. However, the employer's PF limit will remain the same at 12%. Some say that there is no cap on employee VPF, and employees can contribute 100% of their basic wage. Others suggest that the employee VPF percentage can be 24% or even 36%.
We have an employee whose basic salary exceeds 6500. Previously, he was contributing 24%. Now, he wishes to contribute 100% of the PF basic wage ceiling. I strongly urge you to guide me on this matter. If there is any PF amendment notice regarding employee VPF, please provide it.
Please respond soon as I am in dire need.
Thank you
From India, Chandigarh
Acknowledge(0)
Amend(0)
140Please let me know what is the maximum limit of VPF on the employee's side. However, the employer's PF limit will remain the same at 12%. Some say that there is no cap on employee VPF, and employees can contribute 100% of their basic wage. Others suggest that the employee VPF percentage can be 24% or even 36%.
We have an employee whose basic salary exceeds 6500. Previously, he was contributing 24%. Now, he wishes to contribute 100% of the PF basic wage ceiling. I strongly urge you to guide me on this matter. If there is any PF amendment notice regarding employee VPF, please provide it.
Please respond soon as I am in dire need.
Thank you
From India, Chandigarh
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
EPF Scheme Guidelines For Implementation Of PMGKY Credit Of Employers And Employee Contribution .pdf
SC Judgment-No obligation to excess contribution than Statutory Limit.docx