Dear All
I have a query regarding Calculation of Maximum Contribution in VPF.
Presently Rs. 1800/- is contributed into my EPF taking into 12 % of Basic Salary of Rs. 15,000/- as per EPF Compliance.
But, otherwise my actual basic salary is Rs. 75,000/-.
Now I wanted to contribute in VPF also.
And my office says that I can only contribute maximum, Rs. 13,200 in VPF as 1,800/- is already being contributed to EPF stating that I can contribute Maximum equal to Rs 15,000/- as a Basic Pay of as per EPF Compliance and not based on my actual pay.
So, pls advise if the above is correct or can I contribute in VPF depending on my actual Basis Pay drawn (Rs. 75,000/-.)??
Thanks for your support.
Regards
Raj Kumar