I Work with Contractor. I want to know after crub the Admin Charge by PF 1.10 TO .85 how we should charge from Principal Employer. Now P. Employer Pay 13.61%
From India, Gurgaon
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From India, Gurgaon
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It's simple. The previous payment was 13.61%.
With a reduction of Admin charges by 0.25% (1.10% to 0.85%), your new payment should be 13.61 - 0.25 = 13.36%. This is effective from 1-Jan-15. The period for computation of PF is Mar to Feb. So, it is important that you adjust the excess 0.25% that you have already paid for Jan-15 in the Feb-15 month's dues so that your 2014-2015 contribution period has correct figures.
Regards, A.B.
From India, Mumbai
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38With a reduction of Admin charges by 0.25% (1.10% to 0.85%), your new payment should be 13.61 - 0.25 = 13.36%. This is effective from 1-Jan-15. The period for computation of PF is Mar to Feb. So, it is important that you adjust the excess 0.25% that you have already paid for Jan-15 in the Feb-15 month's dues so that your 2014-2015 contribution period has correct figures.
Regards, A.B.
From India, Mumbai
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PF Admin Charges reduced from 1.10% to 0.85%.pdf