EPF Administrative Charges Reduced: How Will This Impact Your Payroll Management?

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Dear All, EPF Update - Reduction in Administrative Charges from 1.10% to 0.85% of the pay. The relevant notification is attached please.
3rd March 2015 From India, Chennai

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Changes in Administrative Charges - w.e.f 1st Jan'15.pdf (167.6 KB, 1943 views)

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Kumaracme/New Delhi, India/Hr Manager, A Leading Manufacturing Company

Barkha_manish/Jaipur, India/Hr Generalist Profile

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joseph2412

For exempted establishments under Section 17(1), the existing inspection rate is 0.18%. No mention has been made about any changes for such establishments. Can our members shed some light on whether any changes have been made for exempted funds or not?
7th March 2015 From India, Mumbai

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EPF Administrative Charges Reduced: How Will This Impact Your Payroll Management?

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