Dear All Kindly let me know the maximum limit of the voluntary provident fund apart from 12% mandatory PF.
From India, Mumbai
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7From India, Mumbai
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As per payment of wages act, maximum amount of deduction allowed from gross salary is 50% So your PF contribution and all other deductions together can not exceed 50% of gross wages
From India, Mumbai
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From India, Mumbai
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As per the Payment of Wages Act, 50% of deductions can be made in the form of fines, damages to or loss of goods, house accommodation by the employer, recovery of advances, payment of any premium of an insurance policy, etc. However, the employee can contribute 100% of basic & D.A. as VPF.
From India, Bhilai
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From India, Bhilai
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The above restriction is not applicable to a case where the salary of person is above Rs 18000/pm. For them any amount can be contributed to EPF But % will remain as 12.
From India, Thiruvananthapuram
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From India, Thiruvananthapuram
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
PF Calculation Sheet To The Subscribers At the Time Of Provident Fund Withdrawal.pdf
PF-Know Employees Provident Fund-CHART-L-4. doc