Variable EPF

HI
I just wanted to ask is it possible to have PF less than 12% may be 6% both employers and employee contribution

Dear Priyesh
PF is fixed i.e 12% of the basic salary or 780 whichever is minimum.
Regards
Upasana

Dear Priyesh,
It is not possible to contribute less than 12% from each. Further, employer must borne the admin charges of 1.61% also. As per EPF&MP Act, 1952 the rate of contribution is 10% only in some cases of (i) Less than 20 employees. (ii) Sick Industries declared as per the Act. (iii) Company which has accumulated loss at the end of the financial year. (iv) Manufacturers of Jute, Beedi and Brick etc.,
Regards
Ramesh Vuriti

Dear Priyesh
In case the Est is not covered under EPF Act 1952 or the Employees are excluded than their PF contribution may be at a lesser rate. Why an employee would choose to reduce his benefits?

HI Satish
Actually I dont want to invest much in PF as i have made other investments for 80C but still want to save few bucks for future in PF.

Here is what i want suppose me having package of 6Lac
Basic 240000
HRA 120000
LTA 20000
Conveyence 9600
Medical 15000
PF + EPF 28800
Special Allowance 166600
600000
So just wanna confirm is it possible??