Hi all,
Here is an update regarding Change in administration charges of EPF (A/c 2) and EDLI (A/c 22)
The Administrative charges which were earlier 1.1% (A/c No. 2) are changed to 0.085% or Rs. 500/- per month whichever is higher for all functional establishments and Rs. 75/- per month for non-functional establishment having no contributory member.
Similarly Administration charges which were earlier 0.01% (A/c No. 22) are now been changed to 0.01% or Rs. 200/- per month whichever is higher for all functional establishments and Rs. 25/- per month for non-functional establishment having no contributory member.
In simple words, the administrative charges which were earlier Rs. 7/- per month are now increased to Rs. 700/- for functional companies with No contributory member and Rs. 100/- for non functional establishments having no contributory member.
A copy of notification in this regard is enclosed for your reference
From India, Delhi
Here is an update regarding Change in administration charges of EPF (A/c 2) and EDLI (A/c 22)
The Administrative charges which were earlier 1.1% (A/c No. 2) are changed to 0.085% or Rs. 500/- per month whichever is higher for all functional establishments and Rs. 75/- per month for non-functional establishment having no contributory member.
Similarly Administration charges which were earlier 0.01% (A/c No. 22) are now been changed to 0.01% or Rs. 200/- per month whichever is higher for all functional establishments and Rs. 25/- per month for non-functional establishment having no contributory member.
In simple words, the administrative charges which were earlier Rs. 7/- per month are now increased to Rs. 700/- for functional companies with No contributory member and Rs. 100/- for non functional establishments having no contributory member.
A copy of notification in this regard is enclosed for your reference
From India, Delhi
Hi, Much obliged for sharing these straightforward information on EPF. A much needed information for people who are not aware of this. Thanks & Regards Stella
From India, Chennai
From India, Chennai
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.
Add the url of this thread if you want to cite this discussion.
#Subject List: part time employees Country-India pf administration charges City-India-Delhi labour laws