Basic salary route
You can also calculate this through your basic salary — 12% of your basic salary goes to EPF. For instance, if your basic salary is Rs 50,000 per month or Rs 6 lakh per annum, then 12% of Rs 6 lakh which is Rs 72,000 is your annual contribution towards EPF. So, you can contribute up to Rs 1.78 lakh toward VPF or Rs 14,833 per month towards VPF without any tax on your contribution.
