Calculation of Contribution in VPF of Basic Salary

General
1

Dear All

I have a query regarding Calculation of Contribution in VPF of Basic Salary .

Presently my EPF of Rs. 1800 is contributed taking into Basic Salary of Rs. 15000 as per EPF Compliance. But otherwise my basic salary is much more.

Now I wanted to contribute in VPF also. And my office says that I can only contribute maximum of Basic Pay of Rs 15000 as per EPF Compliance.

So, pls advise if the above is correct or can I contribute in VPF depending on my actual Basis Pay drawn??

Thanks for your support.

Regards

Raj Kumar

2

Hi @Raj_Kumar1

Yes, maximum contribution to VPF can be 100% of Basic Salary & Dearness Allowance, if any. Hence, maximum amount that you can contribute to VPF can be 15,000 per month. Hope this is of help.

Thanks

3

Dear Sir,

Thanks for your feedback.

But still I would like to double clarify that which Basic Pay will be taken into consideration for calculating the Max amount of Contribution into VPF:

  1. Is Rs. 15,000/- which is as per EPF compliance Minimum Wages??

  2. Or Actual Basic Pay Drawn if it is more than Rs. 15,000?

Thanks and Best Regards,

Raj Kumar