Ravi5554
Asst.manager -hr
Jaisal Tandel
Suzlon/hr Officer
+1 Other

PRIME SPONSOR - FACTOHR - Payroll Software with GPS Enabled Attendance, Travel, Performance Management, HRMS. Explore Features
Respected All, My Query:
Under EPF Scheme, if employee voluntarily wish to contribute more than 12% then up to what percentage he can contribute maximum.
If possible please give law reference.
Thanks
Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
Dear Friend,
You may choose VPF option, where maximum contribution is up to 100% of his Basic Salary and Dearness Allowance. Interest is earned at the same rate as the EPF.
You Can contribute 88% On Basic And DA
Dear All,
Thanks for your reply..
Every one have different answers. Is there any fixed percentage ? What is the ceiling ?
Second thing if its 100% or 8o%, than if employees deductions reaches 50 % above than his gross will it be acceptable in Minimum wage act, as act says deduction should not be more than 50% of your gross.
Please clear my doubt.
PRIME SPONSOR - TALENTEDGE "Interactive Anywhere Learning". Executive courses from top reputed institutes like IIM, XLRI, MICA. View Courses
Add Reply Start A New Discussion






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™