Everything you need to know about EPFO’s Universal Account Number (UAN) The Universal Account Number (UAN) was launched by Prime Minister Narendra Modi in October 2014. The UAN is a 12-digit identification number for all individuals who contribute to the Employee Provident Fund (EPF) and this number is generated by the Employees’ Provident Fund Organization […]
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Voluntary Provident Fund (VPF)
What is VPF contribution? The EPF Scheme Para 29(2) allows an employee to contribute more than 12% of the EPF Wages. Any contribution over and above 12% of EPF Wages is being termed as VPF (Voluntary Provident Fund). EPF Wage shall be the wage on which employer is deducting PF on monthly basis and depositing […]