Public Provident Fund

Voluntary Provident Fund

Voluntary Provident Fund (VPF) refers to the voluntary contribution that an employee makes towards his Provident Fund Account over and above the mandatory 12% of his basic salary. VPF is fixed at a proportion of the salary and its percentage cannot be reduced or increased midyear. VPF is available only to salaried employees and is […]


Senior Citizen Welfare Fund

Central government of India has proposed setting up of Senior Citizen Welfare Fund with the sole motive of welfare of senior citizens. Finance Minister Mr. Arun Jaitley has announced the setting up of the fund with the help of unclaimed deposits of Public Provident Fund PPF and Employee Provident Fund EPF. The deposits are estimated […]