How much is the max an employee can contribute towards VPF?
Rgds
Rajashree
1 Replies
Garima
(Student)
(1107 Points)
Replied 31 January 2008
The employee can contribute more than this 12%,in VPF at any rate he desires. His contribution can even go up to 100% of basic and D.A. But the employer is not bound to contribute at the enhanced rate.
Apart from the higher interest rates, VPF can give you a tax benefit under section 80C of the Income Tax Act. Your investments in VPF will be considered equivalent to your investment in any other investment instruments under section 80C.
. In VPF, funds may remain locked in till retirement
Recent Topics
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
- How to reverse wrong transaction payment in phonep
- Issue with refund for person who has filed for rel
- How to take ITC for October 2024 GST Payment in PM
- How to refund a wrong transaction Phone Pe?
CAclubindia
