I want to know about amendment of PF contribution parts. if any changes in pf contribution rates so please share with us.
From India, Allahabad
From India, Allahabad
Dear Sonveer Choudhary ji,
PF contribution rates are as under:
Employee Share
Ac No. 1 (EPF) :- 12%
Employer Share
Ac No. 1 (EPF) :-. 3.67%
Ac No 10 (EPS) :- 8.33%
Ac No 2 (Admin PF) :- 0.5%
Ac No 21 (EDLI) :- 0.5%
Ac No 22(Admin EDLI) :- Nil
Effecting from 01-06-2018 PF admin charges has been reduced to 0.50, subject to Minimum Rs. 500/- per month.
In case no member in a month then you have to pay Rs. 75/- towards PF admin charges.
From India, Mumbai
PF contribution rates are as under:
Employee Share
Ac No. 1 (EPF) :- 12%
Employer Share
Ac No. 1 (EPF) :-. 3.67%
Ac No 10 (EPS) :- 8.33%
Ac No 2 (Admin PF) :- 0.5%
Ac No 21 (EDLI) :- 0.5%
Ac No 22(Admin EDLI) :- Nil
Effecting from 01-06-2018 PF admin charges has been reduced to 0.50, subject to Minimum Rs. 500/- per month.
In case no member in a month then you have to pay Rs. 75/- towards PF admin charges.
From India, Mumbai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.