Dear Friend,
Subject: V.P.F. Contribution
Q1. What is the maximum limit for V.P.F. contribution prescribed under the scheme?
Q2. Is there any specific period prescribed for enrollment/withdrawal for V.P.F. contribution?
Q3. What is the procedure for the enrollment of V.P.F.?
Thank you.
From India, Jaipur
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2Subject: V.P.F. Contribution
Q1. What is the maximum limit for V.P.F. contribution prescribed under the scheme?
Q2. Is there any specific period prescribed for enrollment/withdrawal for V.P.F. contribution?
Q3. What is the procedure for the enrollment of V.P.F.?
Thank you.
From India, Jaipur
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Hi Sanjay,
1. There is no higher limit of PF contribution. The PF rate is 12% from both sides, employee and employer, okay.
2. Yes, there is a time limit. If an employee leaves the company within 3 months, he/she is not liable to claim the PF amount. If he/she leaves the company after 6 months, he/she will get their full amount of PF.
3. You have to fill out 2 forms for EPF, which are Form 19 and Form 10C, to enroll in the EPF scheme.
I think this information will help you.
Regards,
Snigdha Singh
From India, Indore
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1. There is no higher limit of PF contribution. The PF rate is 12% from both sides, employee and employer, okay.
2. Yes, there is a time limit. If an employee leaves the company within 3 months, he/she is not liable to claim the PF amount. If he/she leaves the company after 6 months, he/she will get their full amount of PF.
3. You have to fill out 2 forms for EPF, which are Form 19 and Form 10C, to enroll in the EPF scheme.
I think this information will help you.
Regards,
Snigdha Singh
From India, Indore
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EPF-Circular-da ted-23-May-2011 -Splitting-of-M inimum-Wages-fo r-the-Purpose-o f-PF-Contributi on-Not.pdf
Steps to transfer PF amount.jpg