Changes in Provident Fund Contributions: Has the Employer's Share Reduced Since June 2018?

Babu Alexander
Is there any change in Provident Fund contribution in A/c Nos. 1, 2, 10, 21, 22, with effect from June 2018?

To be brief, is there any reduction in the employer's contribution from 13.16% to 13%?
Pramit Kumar Singh
Dear Mr. Babu,

A/c No. 22 has already been closed. As of today, there are only 4 A/cs: 1, 2, 10, 21. Recently, administrative charges have been reduced to 0.50% from 0.65% effective June 2018, consequently, the employer's PF contribution has been reduced to 13% from 13.15%.

Regards,

Pramit K Singh IR Professional
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute