If any employee wants to increase own EPF contribution in place of 12%, then what will be compliance done by the personnel department or employee? kindly tell me.
From India, Moradabad
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From India, Moradabad
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Employee contribution to PF is 12 percent, and an equal percentage is contributed by the employer. While EPF rules allow the employee to contribute up to 100 percent of one's basic pay, the employer need not match the enhanced rate of contribution.
So approach your employer and give a written declaration of how much you would like to contribute above 12%. The employer can automatically arrange for deduction from your pay and remit the same to the EPF Office.
From India, Pune
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3180So approach your employer and give a written declaration of how much you would like to contribute above 12%. The employer can automatically arrange for deduction from your pay and remit the same to the EPF Office.
From India, Pune
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EPF Scheme Guidelines For Implementation Of PMGKY Credit Of Employers And Employee Contribution .pdf
EPF Composite Declaration Form-F11_Blank. xls