Employer's Monthly Contribution Limit
The employer's monthly contribution is restricted to a maximum amount of Rs 1,800. Even if the employee's BASIC + D.A exceeds Rs 15,000, the employer is liable to contribute only Rs 1,800 (12% of Rs 15,000).
Employee Contribution to PF
Can an employee contribute 12% of his actual BASIC + D.A? Is that right? Or is there any change in PF deduction rules? Please suggest.
From India, Chennai
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The employer's monthly contribution is restricted to a maximum amount of Rs 1,800. Even if the employee's BASIC + D.A exceeds Rs 15,000, the employer is liable to contribute only Rs 1,800 (12% of Rs 15,000).
Employee Contribution to PF
Can an employee contribute 12% of his actual BASIC + D.A? Is that right? Or is there any change in PF deduction rules? Please suggest.
From India, Chennai
Acknowledge(0)Amend(0)
Voluntary Provident Fund Contribution
An employee can contribute to the Provident Fund (PF) on his/her Basic + DA, which is more than the statutory limit of ₹15,000 per month. However, the employer will restrict their contribution up to the ₹15,000 limit. The extra contribution by the employee is termed as Voluntary Contribution or VPF.
Regards, S K Bandyopadhyay (WB, HOWRAH) CEO-USD HR Solutions
[Phone Number Removed For Privacy-Reasons] [Email Removed For Privacy Reasons] USD HR Solutions – To Strive towards excellence with effort and integrity
From India, New Delhi
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367An employee can contribute to the Provident Fund (PF) on his/her Basic + DA, which is more than the statutory limit of ₹15,000 per month. However, the employer will restrict their contribution up to the ₹15,000 limit. The extra contribution by the employee is termed as Voluntary Contribution or VPF.
Regards, S K Bandyopadhyay (WB, HOWRAH) CEO-USD HR Solutions
[Phone Number Removed For Privacy-Reasons] [Email Removed For Privacy Reasons] USD HR Solutions – To Strive towards excellence with effort and integrity
From India, New Delhi
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf