CWA ICWA Inter - Group I : Commercial and Industrial Laws and Auditing - December 2011 - 1 a » Suresh Cwa's answer

Comment on the following based on legal Provisions (no marks for wrong reasons or justification):

An employee desirous to contribute 20% of salary as against 12% towards P.F. contributions (8% being voluntary) and demand that employer shall also contribute 20%.

No Marks Yet

As per section 6 of the EPF & Misc Provisions Act 1952, the employees may opt to contribute voluntary over and above, the statutory rate of 12% / 10%.

However employer does not have to match the voluntary contribution over and above the statutory rate.

Hence the employee cannot demand for matching contribution.