Variable PF

Hi All,

Please share your views on Contribution to Variable PF

  1. Method you opt for the same
  2. Compliances required
  3. Advisable to do or otherwise
  4. Does GreytHR have an option for Variable PF

Kindly share your valuable inputs.

2 Likes

Hi Priya,

I guess Variable PF , you meant as Volunteer PF [VPF]. If Yes, please see my view on each query:

  1. Employee need to inform their HR department about VPF deduction in terms of % or any specific amount to the extent of total Basic nothing more than Basic.
  2. There is no compliance required for VPF.
  3. It depends on employee decision. But yes by doing so employee can save more.
    4.Yes GreytHR has this option.

Regards
Arpana

2 Likes

Thanks Arpana for your revert. This helps

2 Likes

So, when we are filling the challan the amounts will be added to his PF number and amount will be deposited to PF correct. Which one is Advisable - VPF (Variable PF) or PPF (Public Provident Fund)

1 Like

Hi Priya,

Yes, while filling the challan your VPF will be deposited with your EPF account. Generally employees will go for VPF if salaries. Other than salaried can opt for PPF .

Regards
Arpana

1 Like
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