Should you hike your PF contribution amid falling returns?

Should you hike your PF contribution amid falling returns?

Employees’ voluntary PF (VPF) contribution can be taken right up to 100 per cent of basic pay. However, the employer is not required to match the additional contribution made by the employee. Many Employees’ Provident Fund Organisation (EPFO) members would not be aware that they have the choice of increasing their provident fund contribution voluntarily above the 12 percent of the basic salary that is mandatorily deducted for their retirement corpus. Employees’ voluntary PF (VPF) contribution can in fact be taken right up to 100 percent of basic pay. However,…

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