Voluntary contribution to Employees Provident Fund refers to a higher percentage of contribution made by the employee voluntarily than the statutory rate of 12%. An employee is free to contribute 100% of his salary towards EPF. However, the employer is bound only to contribute 12% as his share.
Regards,
Madhu.T.K
Administrative Charges are calculated on the PF qualifying salary and not on the rate of PF contribution. Therefore, whatever be the rate of PF contribution, the admin. charges remains the same, ie, 1.1% of the salary paid/payable.
Regards,
Madhu.T.K
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