VPF

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BASNAIR (Querist)
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14 May 2010 Dear All,

Our employees are less than 20. Can We apply Voluntary Provident Fund. Its true the VPF only for existing EPF, can we apply this?

What is the procedure of VPF?
VPF is just like a PPF?
Its open individually or group?
if contribution VPF in hands of Employer is taxable.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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17 May 2010 VPE under Normal PF only. You need to apply with normal PF procedure and addition that all the employees consent for voluntary registration need to be taken and EPF Contribution up t0 12 % exempt from tax

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