Dear All, The EPFO has revised the Administrative charges from 1.10% to 0.85% w.e.f. 01st January, 2015. Please see the notification. Regards, PBS KUMAR
From India, Kakinada
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592From India, Kakinada
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Thank you, Mr. PBS Kumar, for posting this circular on the site. Can you please help me in getting the link to this circular on the EPF website or the Labour's website? I tried to search for the source of this circular on the site but was not able to find it. I even contacted the PF office (helpdesk) but only received a reply that they do not have online information on this yet. If you have the link to this circular, please post it.
Thanks & Regards,
RS
From India, Gurgaon
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Thanks & Regards,
RS
From India, Gurgaon
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Can anybody clarify the following mentioned in the act:
"Subject to a minimum sum of seventy-five rupees per month for every non-functional establishment having no contributory member and five hundred rupees per month per establishment for other establishments."
Regards,
T.S. SRINIVASAN
From India, Pondicherry
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"Subject to a minimum sum of seventy-five rupees per month for every non-functional establishment having no contributory member and five hundred rupees per month per establishment for other establishments."
Regards,
T.S. SRINIVASAN
From India, Pondicherry
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Thank you, Pbs Kumar. It was really useful information. I have a doubt here. In the circular, it is mentioned that it will be effective from Jan 1, 2015. However, we have already made the payment for January & February. What about these two months' extra admin charges that we paid?
From India, Madras
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From India, Madras
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Dear Arockiarajs As per the EPFO notification the details are attached here. Employer has to pay the balance amount for Jan & Feb 2015 under "Challan Entry" available in the Employer E-Seva.
From India, Delhi
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From India, Delhi
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Detail of Revision
Previous Rule:
Two Conditions:
- No Employee: Minimum Rs. 5 in A/c 2 and Rs. 2 in A/c 22.
- Others: 1.1% in A/c 2 and 0.01% in A/c 22.
New Rule:
Two Conditions:
- No Employee: Minimum Rs. 75 in A/c 2 and Rs. 25 in A/c 22.
- Others: 0.85% or Rs. 500, whichever is higher, in A/c 2 and 0.01% or Rs. 200, whichever is higher, in A/c 22.
I hope this helps. Let me know if you need any further assistance.
From India, Delhi
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Previous Rule:
Two Conditions:
- No Employee: Minimum Rs. 5 in A/c 2 and Rs. 2 in A/c 22.
- Others: 1.1% in A/c 2 and 0.01% in A/c 22.
New Rule:
Two Conditions:
- No Employee: Minimum Rs. 75 in A/c 2 and Rs. 25 in A/c 22.
- Others: 0.85% or Rs. 500, whichever is higher, in A/c 2 and 0.01% or Rs. 200, whichever is higher, in A/c 22.
I hope this helps. Let me know if you need any further assistance.
From India, Delhi
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Epfo-circular-2 2-mar-2017-pf-e dli-admin-charg es-reduced-waiv ed-wef-1-apr-20 17.pdf