Dear All, Please urgently help. I am working in a PSU and getting salary arrears due to recent wage revision. I had earlier opted for 20 percent VPF in addition to 10 percent compulsory PF from basic salary. Now my question is 'will VPF be deducted from arrears also (the increased basic salary) in addition to PF? I mean will PF plus VPF (30 percent in all) be deducted from arrears or it will be just 10 percent? I do not want VPF to be deducted as my arrear amount will become negligible then. Please reply urgently.
From India, undefined
From India, undefined
Is your PF with Employees Provident Fund Organisation or with the government? In the former case, I believe the contribution is 12% and not 20%. If the higher contribution has been in effect from the date from which the arrears is payable, then you will have to contribute at 20% on arrears also.
Madhu.T.K
From India, Kannur
4249Madhu.T.K
From India, Kannur
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