Anyone please solve my query, my question is- I am a private employee in a organization and my basis salary is about 6200/- my employer contribute 12 percent and me too. But I want to contribute more then 12 percent is it possible for me if yes then what is the procedure to do this?
From India, Lucknow
From India, Lucknow
first ride up-to the mandatory ceiling height of 15000/- VPF is the mutual consent of employee and employer both for equal contribution to the fund. and under very rare cases the employer moves ahead for VPF
630
Its mean if I am not getting 15000 basic than I am not eligible to contribute more than 12 percent?
From India, Lucknow
From India, Lucknow
Dear sunil ji, Employer will be ready for it but I want to know only that my basic is low can I contribute more or not? Is there any minimum basic salary limit for contribution in vpf?
From India, Lucknow
From India, Lucknow
if the employer is ready then ask him to contribute on gross salary in place of basic, that would resolve the prob,
for a single person VPF is burden to HR department, as in this case the EDLI and admin charges (a/c 21) has to be recovered from employee on the VPF amount and for this purpose registers have to be maintained addionally.
for a single person VPF is burden to HR department, as in this case the EDLI and admin charges (a/c 21) has to be recovered from employee on the VPF amount and for this purpose registers have to be maintained addionally.
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Provident fund.zip
PROVIDENT FUND.rar
PROVIDENT FUND.doc