I wish to increase my contribution in the voluntary provident fund scheme, how to do it?
Hey @Mohit_More
A Voluntary Provident Fund is a contribution that one makes towards their provident fund account over their Employee Provident Fund contribution. This a scheme made specifically for salaried employees who wish to add to their provident fund.
Yes, the contribution to a VPF can be changed. To change your VPF contribution you would have to ask your HR team, or accounting team to raise a request for the addition of a VPF account.
Hope this helps
It is
7.5 lakh or the 12% of the basic salary . Whichever is lower .
Am i right ?
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