PF benefit

One of our employee would like to contribute more amount to provident and would like to get tax benefit as per the below article -

PF tax-exemption limit hiked to Rs 5 lakh, only these employees stand to benefit

Read more at:

Is this true?

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hi
Maximan VPF contribution can be done only upto 100% of basic & not more than that.
& employer should not entertain discontinuation till the exit.
rgds
murali

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