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
9th March 2015 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
9th March 2015 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
9th March 2015 From India, Chennai
9th March 2015 From India, Chennai
Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)
part time employees epf part time hi all Country-India pf administration charges provident fund City-India-Delhi labour laws
Reduction of PF Admin Charges.pdf
