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
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
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