PF - Can an employee increase his volunteer contribution?

hr-dept1

Hello CiteHR, Can an employee increase his volunteer contribution?
30th September 2022 From India

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PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION

Saswatabanerjee

Partner - Risk Management

Vmlakshminarayanan

Sr.manager - Hr&admin

Hr-dept1

vmlakshminarayanan

518

Hi, For VPF, there is no limitation of minimum or maximum investment. However, the maximum investment in EPF and VPF together is limited to 100% of one’s basic salary and dearness allowance
30th September 2022 From India, Madras

saswatabanerjee

2357

In addition to the above, under Payment of Wages Act, maximum deduction from Gross Wages (for all purposes) can not exceed 50% of gross salary (75% if he is also contributing to dues to a coop society of the employees)
1st October 2022 From India, Mumbai

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PF - Can an employee increase his volunteer contribution?

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