Change In PF Contribution By Employee

Hi,
One of our employee is registered under PF and is contributing 12% unrestricted from the date of joining. But from 1st April 2014 , he wish to restrict his contribution to minimum. is this allowed under provisions of provident fund act. if yes please share relevant notification.
7th April 2015 From India, Bangalore

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mail8013

Not possible now. 12% is the mandatory contribution. The opposite is possible. He can contribute more than 12% as VPF - voluntary PF. There are quite a lot of people who are opting for this option as it offers lot of benefits in the current scenerio.
Regards, A.B.
7th April 2015 From India, Mumbai

saswatabanerjee

2395

I assume you mean that he is currently paying 12% of his full salary and wants to reduce that to 12% of ₹15,000 That is allowed.
7th April 2015 From India, Mumbai

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