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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.
22nd April 2019 From India
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.
22nd April 2019 From India, Mumbai
You Can contribute 88% On Basic And DA
24th April 2019 From India, New Delhi
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.
7th May 2019 From India
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