EPF Administrative Charges Reduced: How Will This Impact Your Payroll Management?

Pragnaa HR Compliance Services

EPF Update

Reduction in Administrative Charges from 1.10% to 0.85% of the pay. The relevant notification is attached, please.

Regards

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joseph2412

For exempted establishments under Section 17(1), the existing inspection rate is 0.18%. No mention has been made about any changes for such establishments. Can our members shed some light on whether any changes have been made for exempted funds or not?

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