33please seniors suggest me what is the maximum wages ceiling limit for VPF, i.e. i am having my basic salary 9000 pm and i want to contribute voluntary 5% towards PF apart from the mandatory 12% ,hence shall it be 5% of the 9000 or of 6500 on which we contribute 12% as per max. defined ceiling by the govt.
dear seniors plz help me out of this, i am not sure on what wages the vpf shall be be deducted.
Regards,
Pushkar Bisht
(HR)
Mankind Pharma Ltd.
From India, Delhi
Dear Pushkar, VPF % is calculated on the Basic that is shown in your salary break up today. You can contribute 100% of you basic wage only. Regards Murali
From India, Chennai
From India, Chennai
Dear Pushkar,
There is no upper limit on the contribution to VPF.
The maximum contribution allowed towards VPF is 100% of your basic+dearness allowance (DA).
This additional voluntary contribution enjoys all the benefits of PF, except that the company doesn’t contribute an equal amount.
But still, the interest rate is equal to the rate of interest for PF, and the withdrawal on retirement is tax-free.
Regards,
Kamal
From India, Pune
There is no upper limit on the contribution to VPF.
The maximum contribution allowed towards VPF is 100% of your basic+dearness allowance (DA).
This additional voluntary contribution enjoys all the benefits of PF, except that the company doesn’t contribute an equal amount.
But still, the interest rate is equal to the rate of interest for PF, and the withdrawal on retirement is tax-free.
Regards,
Kamal
From India, Pune
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