Voluntary Pf Contribution - Pdf Download

Hi,
Friends please guide me about the maximum limit for Voluntarily PF contribution????????

it is 6500 any person's salary and allowances above 6500 is treated as an "Excluded employee" under PF Scheme 1952 and membership to pf is not mandatory for him, but please consider the limit of ESIC here it is 15000 PM , so one is out of PF net but not of ESIC,
Please See section 2 (f) on page 19 of the attachment and Chapter IV page 33 also
Thanks
Anil

Sir ,
Thanks for the information just want to clear above 12% contribution to PF if one decides to contribute more amount for PF VOLUNTARLY what is the maximum limit for that?????????

There is no limit. It is subject to the discretion of the Regional PF Commissioner. Hence kindly contact with the Office of the Regional PF Commissioner.
Abbas.P.S

If your query is what is the wage limit if an employee wants to contribute on the wages exceeding Rs.6500/-, Mr .abbas ha s clarified it. If your query is whether an employee can contribute more than 12% on the wages, he can also do so but the employer is not under obligation to contribute more than 12%.
B.Saikumar
HR & Labour Law advisor
mumbai

Thanx to all,
I have 01 quary :- if employee contribute 100 % basic to P.F.then it wolud be in which account , pls.share interest rate on it & role of employer in it ?
Pls. share if know.............

Dear Sir,
If employee wants to contribute more than 12% of basic salary, will interest earned on this amount be still tax free?
Example:
Basic salary: 50000/-
Statutory conribution: 12% of basic = 6000
Voluntary contribution: 4000
Total annual employee's contribution = 120000/-
100000 is allowed. Is interest on 20000 is taxable?
Kindly clarify.
SC Verma
GM HR

Only employer contribution in excecss of the statutory limit would be taxable. As regards voluntary contribution there is no differentiation in terms of the Interest entitlement and taxability it would be the same as normal contribution - any withdrawal before 5 years of continuous contribution would be taxable in the hands of the employee..

I am surprised to see 100% and there is no limit etc
It used to be 10% maximum some fifteen years back. When the contribution was 10% In other words, employees contribution alongwith his Voluntary contribution shall not exceed 20%. When the act was amended to 12%, I do not think that the maximum limit was changed to 22%. The maximum celiing continued to be 20% In other words, Employyes compulsory contribution will be 12% and voluntary contribution will be restricted to 8%.I will examine whether there had been any amendments
If it is restricted to Rs 6500/
Employers contribution 12% ( nof which 8.33 will be for FPS and balance in PF account)
Employees contribution 12%
Voluntay Contribution 8% on Rs 6500/
If it is not restricted to Rs 6500
Employers contribution 12% (8,33% of Rs 6500 will be set aside towards Pension schemeand the balance will be credited to PF)
Employees contribution 12% will be credited to PF
Voluntary contribution Maximum of 8%
T Sivasankaran

Dear friends,
There is no barrier in terms of percentage also for voluntary contribution to PF, but subject to the discretion of the RPFC.
Abbas.P.S