Dear Seniors,
Greetings for the day! I have a query regarding the Voluntary Provident Fund contribution under the EPF scheme. Who is eligible for Voluntary Provident Fund contribution, and how much amount or percentage can an employee contribute?
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2Greetings for the day! I have a query regarding the Voluntary Provident Fund contribution under the EPF scheme. Who is eligible for Voluntary Provident Fund contribution, and how much amount or percentage can an employee contribute?
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With regard to VPF (Voluntary Provident Fund) contribution, those who are eligible for PF can contribute to VPF. The contribution percentage should not exceed 50% of salary as per the Payment of Wages Act. Any deductions from salary shall not exceed 50% of the salary earned.
Thank you.
From India, New Delhi
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Thank you.
From India, New Delhi
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Provident Fund - Excluded Employee - Definition.pdf