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Retirement fund body EPFO has cut the administrative fee it charges from nearly eight lakh employers coming under the ambit of its social security schemes, effective from January 1 this year.
The administrative charges has been reduced to 0.85 per cent of basic wage from 1.10 per cent, as per a Labour Ministry Notification.
The decision in this regard was taken by the EPFO's apex decision making body, the Central Board of Trustees (CBT), in February last year in its meeting. ..
Regards
Sudharshanan

From India, Madras

Attached Files
File Type: pdf epfo admn reduction.pdf (167.7 KB, 603 views)

Kindly send us new notification of administrative charges has been reduced to 0.65 per cent of basic wage from 0.85 per cent.
From India, Delhi
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