Understanding VPF Contributions: Fixed Amount or Percentage-Based for Employers?

Hi Experts, I would require a few clarifications regarding VPF. We are going to start VPF contributions in our organization from April 2020. I need suggestions on the following points from an employer's point of view.

Can we start VPF with a fixed PF deduction?

1. Our organization deducts PF based on the restricted basic option, which means 15000x12% = 1800 pm is fixed for all. Can we start VPF in this case?

Will VPF contribution be fixed or percentage-based?

2. Will VPF contribution be fixed per month or will it be a percentage based on Basic? If it is fixed, then the fixed amount will be deducted every month. However, if it is percentage-based, the amount may vary due to Leave Without Pay and other components.

Employee Contribution to VPF

What I practice is as follows:

Suppose an employee wants to contribute Rs 4000 over and above Rs 1800. Then their total contribution will be Rs 4000 + Rs 1800 = Rs 5800, which is 12% of Rs 48,333. If an employee's salary is within this range (Rs 48,333), the employee can contribute up to that amount. In short, the employee can make a maximum contribution of 12% of their salary (12% of the maximum salary).

While generating ECR, keep EPF Wages as Rs 48,333, EPS Wages as Rs 15,000, and EDLI Wages as Rs 15,000.

The UAN#~#Employee name#~#48333#~#15000#~#15000#~#15000#~#5800#~#1250 #~#550#~#0#~#0.

A/C 2 inspection charges will be deducted from EPF wages. We are only contributing the extra employee share; the employer is contributing on Rs 15,000 only.