Are These EPF and EPS Contribution Rates and Charges Correct? Let's Verify Together

rajeevdixit
Dear friends,

Are the below details correct?

EPF Contribution Rate A/c No.1 = 12%
EPS Contribution Rate A/c No.10 = 8.33%
Employer EPS Diff A/c No.1 = 3.67%
EPF Admin charges A/c 2 = 0.65%
EDLI Contribution A/c No.21 = 0.50%
EPF Inspection charges A/c No.2 = 0.85%
EDLI Inspection Charges A/c 22 = 0.01%
EDLI Admin charges A/c = 0.005%

Thanks in advance.

Regards,
Rajeev Dixit
maniish1311
Dear Rajeev,

The updated contribution rates are as follows:
- A/c No 1 PF Contribution: 12% of employee and 3.67% of employer
- A/c No 10 EPS: 8.33%
- A/c No 2 PF Admin: 0.65%
- A/c No 21 EDLI Contribution: 0.50%
Total: 12.00% of employee and 13.15% of employer contribution on basic salary.

Regards,
Manish
saiconsult
Dear Rajeev,

Nice compilation for the benefit of members. It seems the admin charges for EDLI have been waived wef 1-4-17. Please check.

B. Saikumar HR & Labour Relations Adviser Navi Mumbai
Srinath Sai Ram
Dear All,

Please note that effective from 01/04/2017:
- A/C #2 @ 0.65% on EPF Wages or Rs 500/-, Whichever is Higher.
- A/C #22: No sum payable until further notice.

Thank you.
prathamesh-prabhudesai
What is the current PF contribution for the employer?
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