Saswatabanerjee
Partner - Risk Management
+2 Others

Thread Started by #slamba_009

Dear All Kindly let me know the maximum limit of the voluntary provident fund apart from 12% mandatory PF.
8th June 2015 From India, Mumbai
As per payment of wages act, maximum amount of deduction allowed from gross salary is 50% So your PF contribution and all other deductions together can not exceed 50% of gross wages
8th June 2015 From India, Mumbai
As per the payment of wages act 50% of deductions can be made in the form of Fines, damages to or loss of goods, house accommodation by employer, recovery of advances, payment of any premium of insurance policy etc. but the employee can contribute his 100% of basic & D.A. as VPF.
10th June 2015 From India, Bhilai
The above restriction is not applicable to a case where the salary of person is above Rs 18000/pm. For them any amount can be contributed to EPF But % will remain as 12.
10th June 2015 From India, Thiruvananthapuram
For a person with monthly salary above Rs 18000/- the above limitation is not applicable..But % can be above 12 for employees but employer’s need not contribute equal amount.
11th June 2015 From India, Thiruvananthapuram
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