I have Provdent Fund account, me and my company deposite 12% + 12% into it every month. (12% of my basic salary)
Please can someone clear this points asap?
Thanks!
There is a Notification dated 22/08/2014 which increases the limit of EPF from Rs6500 to 15000.
For VPF the limit of 12% is there. You can open an PPF account and there is also a limit of 1.5Lakhs.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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