Do employees need to submit proof for Voluntary Provident Fund (VPF) declaration?

Created by Product Content Team, Modified on Mon, 26 Feb at 9:59 AM by Product Content Team

No, the VPF and Employee Provident Fund (EPF) are accounted for automatically in the tax calculation. There is no need to submit proof for VPF.

VPF, or Voluntary Provident Fund, is an extension of the Employee Provident Fund (EPF), allowing employees to contribute extra amounts towards their retirement savings.

These voluntary contributions earn the same interest rate as the EPF, providing employees with long-term financial security and savings for retirement.

Click here to subscribe to our help videos

Related Links:

Video- To watch greytHR videos, click here.

FAQs- To read more FAQs about Voluntary Provident Fund, click here.

Documentation- To learn more about Voluntary Provident Fund, click here.

Product Update- To read about the product update, click here.