VPF is one of the best options in India to save tax. Under Section 80C of the Income Tax Act, 1961, employees can claim tax benefits of up to Rs.1.5 lakh on VPF contributions. The interest on VPF is also exempt from tax subject to the threshold limit of Rs 2,50,000 in contribution.

Voluntary Provident Fund (VPF) is a voluntary fund contribution from the employee towards his Provident Fund account. This contribution is beyond the EPF contribution. It is not a compulsory investment but is usually opted for by individuals to secure the retirement phase.

What is Voluntary Provident Fund (VPF)? The Voluntary Provident Fund (VPF) allows employees to make additional contributions to their EPF account beyond the mandatory amount. Participation is optional, but it offers a safe, government-backed investment with an 8.25% interest rate.

VPF Rules - As per VPF rules, an individual can choose to contribute 100% of his/her income to an EPF account as a Voluntary Provident Fund. Get basics of VPF rules and guidelines & taxation here at Groww.

Feb 9, 2023 · A VPF is a contribution that one makes towards their provident fund account over and above their Employee Provident Fund contribution. This is a scheme made specifically for salaried employees who wish to add to their provident fund.

Apr 19, 2024 · Key takeaways from Voluntary Provident Fund (VPF): Under VPF there is no statutory obligation to contribute either to employee or employer. The interest rate applicable to VPF is the same as what is applicable to EPF. How to Open a VPF account? How to Check VPF Balance Online?

Jul 16, 2024 · VPF is referred as an extended version of Employee Provident Fund. Only salaried individuals (employees getting monthly salary in a specific salary account) can avail the benefits of VPF. The interest rates under this scheme are fixed and …

Jul 8, 2024 · What is a Voluntary Provident Fund? The Voluntary Provident Fund (VPF) is a savings scheme that allows employees to deposit more than the maximum permissible contribution to the Employee Provident fund (EPF). The interest earned on the additional amount is the same as the EPF contribution.

Feb 3, 2025 · Learn about the Voluntary Provident Fund (VPF) and explore its benefits, eligibility criteria, required documents, and withdrawal process. Discover how VPF can enhance your retirement savings and understand the steps involved in availing its benefits.