VPF - Limits of Contribution in FY 2014-15

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  1. Anand Chaturvedi

    Anand Chaturvedi New Member

    As per the previous norm, upto 100% of Basic Salary could be contributed as a VPF ( Voluntary Provident Fund ) by an employee. I have following queries on the subject :

    1. Is this limit revised in FY 2014-15, if so to what extent is the new limit.
    2. What is the Income Tax Impact of contributions in VPF ? Are final corpus and interests earned during contribution periods 100% tax exempt ?

    Thanks in advance to CC.

    Anand
    Bangalore
     
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