Anonymous
Dear All,
EPFO has cut the administrative charge WEF 01/04/2017.
Current Rate New Rate WEF 01/04/17
Employee Employer Employee Employer
A/c No 1 PF Contribution 12% 3.67% 12% 3.67%
A/c No 2 PF Admin 0.85% 0.65%
A/c No 10 EPS 8.33% 8.33%
A/c No 21 EDIL 0.50% 0.50%
A/c No 22 EDIL Admin 0.01% 0.01%
Total 12.00% 13.36% 12.00% 13.16%
Note :1) Non-functional establishments, a minimum ₹75/- PM
2) A/c 2 which is subject to minimum ₹500/-PM
Regards
Vishnu

From India, Bangalore

Attached Files (Download Requires Membership)
File Type: pdf EPF Admin Charge.pdf (1.13 MB, 16989 views)

PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Manojkamble
Sr. Hr Executive
Bijay_majumdar
Freelancer In Hr &indirect Taxes For
Msthakur88
Payroll, Compliance & Taxation
Sakthisukumar
Manager - Hr & Ir
+5 Others

Use factoHR and automate your HR processes

Mobile-first hire to retire HR and Payroll software that automates all HR operations and works as a catalysts for your organisational growth.



ennakkadanil
5

How about EDLI Administrative charge of 0.01% (A/c. No.22)? Is it also done away with? See the following paragraph which I copied from another hr site.
Ministry of Labour and Employment decided to reduce PF administrative charges payable by employers. As per gazette notification issued on 15th March, 2017 new rate of contribution towards PF administrative charges will 0.65% of total EPF wages of an employee. It is also decided not to collect Administrative charges towards EDLI contributions.
“the Central Government hereby determines that no sum shall be payable for the time being by the employer in relation to his employees as the further sum payable by the employer every month to the Deposit-Linked Insurance Fund for the meeting the expenses in connection with the administration of the Employees Deposit-Linked Insurance Scheme, 1976 other than the expenses towards the cost of any benefits provided by or under that scheme.”
Regards,
Anil.

From India, Thiruvananthapuram
shital.lakra
3

Please read sub sec 4a of Sec 6c. It clearly says - The employer shall pay into the Insurance Fund such further sums of money, not exceeding one-fourth of the contribution which he is required to make under sub-section 2, as the Central Government may, from time to time, determine to meet all the expenses in connection with the administration of the Insurance Scheme other than the expenses towards the cost of any benefits provided by or under that Scheme.
As per the notification - the Central Government hereby determines that no sum shall be payable for the time being by the employer in relation to his employees as the further sum payable by the employer every month to the Deposit-Linked Insurance Fund for the meeting the expenses in connection with the administration of the Employees Deposit-Linked Insurance Scheme, 1976 other than the expenses towards the cost of any benefits provided by or under that scheme.

From India, Mahrauli
Gyandeep,he@gmail.com
8

Dear Sir, Please confirm that EDLI charges will be 0 from 01st April 2017 or not as per this notification.
From India,
thiyagu.kvg@gmail.com
21

Sir, The Admin Charges effect to for the month of March’17 salary or April’17 Salary.
From India, Bengaluru
Anjali J
4

Reduced EPF admin charges should be effected to March17 paid in April 17 or April17 paid in March 17? Can any one clear it please?
From India, Mumbai
manojkamble
376

As per the notification changes are effective from 1st April’2017. That means it is effective from the month of April’2017.

Anonymous
EDLI Administrative charge of 0.01% (A/c. No.22) 0 from wage month march 2017 & return month april 2017
A/c No 1 PF Contribution 12% 3.67%
A/c No 2 PF Admin 0.85% reduced to 0.65% (Non-functional establishments, a minimum ₹75/- PM & A/c 2 which is subject to minimum ₹500/-PM)
A/c No 10 EPS 8.33%
A/c No 21 EDIL 0.50%
A/c No 22 EDIL Admin 0.01% now NIL
clarified from Mangalore EPFO

From India, Mangalore
Chetansadavarte2013@gmail.com
3

Note :1) Non-functional establishments, a minimum ₹75/- PM 2) A/c 2 which is subject to minimum ₹500/-PM pls clear this point??????
From India, Pune
Anonymous
1

dear sir
kindly explain for non - functional establishment a minimum rs 75 .... this point not clear
next one
salary 20000
BASIC 14000
HRA 6000
TOTAL 20000

EMPLOYER -13.16% -1842.4
EMPLOYEE 12% - 1680
TOTAL 3522.4
SO EXPLAIN DETAILS
TOTAL BASIC ---------------- 14000
A/c No 1 PF Contribution 12% =1680
A/c No 1 PF Contribution 3.67% =513.8
A/c No 2 PF Admin 0.85% reduced to 0.65% =91 500 minimum admin charge (EXTRA PAID RS 409)
A/c No 10 EPS 8.33% =1166.2
A/c No 21 EDIL 0.50% =70
A/c No 22 EDIL Admin 0.01% =1.4
TOTAL AMOUNT = 3522.4
SO explain
non - functional establishment a minimum rs 75
then
already update A/C 22 admin charge minimum 200 ( change or not change)
please confirm this format correct or wrong
regard
ELAIYAKUMAR.R
9629701721

From India, Chennai

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views.








About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2022 CiteHR®

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server