Dear All Kindly let me know the maximum limit of the voluntary provident fund apart from 12% mandatory PF.
From India, Mumbai
7From India, Mumbai
As per payment of wages act, maximum amount of deduction allowed from gross salary is 50% So your PF contribution and all other deductions together can not exceed 50% of gross wages
From India, Mumbai
From India, Mumbai
As per the payment of wages act 50% of deductions can be made in the form of Fines, damages to or loss of goods, house accommodation by employer, recovery of advances, payment of any premium of insurance policy etc. but the employee can contribute his 100% of basic & D.A. as VPF.
From India, Bhilai
From India, Bhilai
The above restriction is not applicable to a case where the salary of person is above Rs 18000/pm. For them any amount can be contributed to EPF But % will remain as 12.
From India, Thiruvananthapuram
From India, Thiruvananthapuram
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Voluntary PF.doc
HC All - Trainees not covered for PF -2010.pdf