Hi Experts , I would require few clarifications regarding VPF , we are going to start VPF contribution in our organisation from April 2020. so required suggestions on below Points from Employer Point of view.
1- Our organisation deduct PF based on restricted basic option , means 15000x12% = 1800 pm is fixed for all. So can we start VPF in this case ?
2- VPF contribution would be fix per month or it will be % based on Basic ? if it is fix then the fix amount will deduct every month , but if it is percentage based then the amount may vary because of Leave without pay and other components.
1- Our organisation deduct PF based on restricted basic option , means 15000x12% = 1800 pm is fixed for all. So can we start VPF in this case ?
2- VPF contribution would be fix per month or it will be % based on Basic ? if it is fix then the fix amount will deduct every month , but if it is percentage based then the amount may vary because of Leave without pay and other components.