Dear Friends and Seniors,
This is for all of your information: the Government has fixed PF Administrative charges at 0.65% of pay, subject to a minimum of Rs. 500 per month per establishment starting from April 1, 2017. In the case of non-functional units, the monthly minimum charge will be Rs. 75. There will be no charges under EDLI. A copy of the notification dated March 15, 2017, regarding this matter is attached.
Hope this information is helpful to all of you.
From India, Delhi
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63This is for all of your information: the Government has fixed PF Administrative charges at 0.65% of pay, subject to a minimum of Rs. 500 per month per establishment starting from April 1, 2017. In the case of non-functional units, the monthly minimum charge will be Rs. 75. There will be no charges under EDLI. A copy of the notification dated March 15, 2017, regarding this matter is attached.
Hope this information is helpful to all of you.
From India, Delhi
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Can any one explain according to the new amendment from PF...No charges under EDLI mean A/c21 & A/c22 will be no more?? or have to contribute minimum amount??
From India, undefined
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From India, undefined
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Dear sir,
Please note that the employees' deposit link insurance has changed account number 21 from 0.50% to 0.65% or Rs. 500/-, whichever is higher. Account number 022 EDLI administration charges remain the same at 0.01% or Rs. 200, whichever is higher. I believe this is the correct interpretation of the gazette notification.
With regards,
Shashi Pandey
From India, Lucknow
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Please note that the employees' deposit link insurance has changed account number 21 from 0.50% to 0.65% or Rs. 500/-, whichever is higher. Account number 022 EDLI administration charges remain the same at 0.01% or Rs. 200, whichever is higher. I believe this is the correct interpretation of the gazette notification.
With regards,
Shashi Pandey
From India, Lucknow
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A/C#2-PF Admin Charges at 0.65% or Minimum Rs500/-, whichever is higher, from 01-04-2017 (till 31-03-2017 at 0.85% or Minimum Rs500/-, whichever is higher).
A/C#22 EDLI Admin Charges - No sum is payable/NIL from 01-04-2017 (till 31-03-2017 at 0.01% or Minimum Rs200/-, whichever is higher).
From India, New Delhi
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A/C#22 EDLI Admin Charges - No sum is payable/NIL from 01-04-2017 (till 31-03-2017 at 0.01% or Minimum Rs200/-, whichever is higher).
From India, New Delhi
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Dear All,
EPF Admin Charges have been reduced from 0.85% to 0.65% starting from 1st April 2017. This reduction applies only to Admin charges, which are at 0.85% of the gross EPF wages and not to insurance admin charges.
Hopefully, this clarification is now clear to everyone and will be helpful.
From India, Delhi
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EPF Admin Charges have been reduced from 0.85% to 0.65% starting from 1st April 2017. This reduction applies only to Admin charges, which are at 0.85% of the gross EPF wages and not to insurance admin charges.
Hopefully, this clarification is now clear to everyone and will be helpful.
From India, Delhi
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I agree with Mr. Srinath.
Here are the full details of the rates effective April 1, 2017:
A/c 1 EE (Employee Contribution) - 12%
A/c 1 ER (Employer Contribution) - 3.67%
A/c 2 (Administrative charges) - 0.65% with a minimum of Rs. 500
A/c 10 (Pension Fund) - 8.33%
A/c 21 (EDLI) - 0.5%
A/c 22 (Administrative charges for EDLI) - 0%
Total - 13.15% with a minimum of Rs. 500 for A/c 2
From India, Delhi
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Here are the full details of the rates effective April 1, 2017:
A/c 1 EE (Employee Contribution) - 12%
A/c 1 ER (Employer Contribution) - 3.67%
A/c 2 (Administrative charges) - 0.65% with a minimum of Rs. 500
A/c 10 (Pension Fund) - 8.33%
A/c 21 (EDLI) - 0.5%
A/c 22 (Administrative charges for EDLI) - 0%
Total - 13.15% with a minimum of Rs. 500 for A/c 2
From India, Delhi
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As per the notification dated 15/03/2017, it is clear that admin charges for account number 2 is 0.65% effective from 01/04/2017. However, regarding account number 22 (EDLI admin), it is not clear whether functional and non-functional units are charged at 0%. Please clarify the EDLI admin charges.
From India, Mumbai
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From India, Mumbai
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For non-functional establishments having no PF contributing members - no sum is payable/nil contribution towards EDLI admin charges (AA/C#22).
For establishments having PF contributing members - no sum is payable/nil contribution towards EDLI admin charges (AA/C#22) from 01-04-2017 until further notice.
From India, New Delhi
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For establishments having PF contributing members - no sum is payable/nil contribution towards EDLI admin charges (AA/C#22) from 01-04-2017 until further notice.
From India, New Delhi
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Both for Functional & Non Functional Establishments no Sum is payable towards EDLI Admin Charges from 01-04-2017
From India, New Delhi
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From India, New Delhi
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EDLI Admin Charges (A/C # 22) for both Functional & Non Functional Establishments W.E.F 01-04-2017-No Sum is Payable/Nil (till 31-03-2017 @0.01% on EDLI Wages or Rs200/- which ever is higher)
From India, New Delhi
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From India, New Delhi
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I think, the 0.65% part is for the EDLI A/c – 21 which is increased form 0.50% to 0.65%, As it has been written in the Gazette that in order to meets the normal administration expenses(that means they need sufficient fund to meet those expenses), So they have increased the rate from 0.50% to 0.65%. Please confirm anyone
From India, Vadodara
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From India, Vadodara
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EDLI Admin charges is Nil but What about EDLI Inspection Charges ???? Thanks
From India, Hyderabad
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From India, Hyderabad
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Total Contribution towards EPF is as follows:
Account #01 - 12+3.67%
Account #02 - 0.65% (with a minimum of 500)
Account #10 - 8.33%
Account #21 - 0.5%
Account #22 - Nil
Total - 25.15%, which was previously 25.36%, reduced by 0.21% from the initial percentage.
Regards,
Anand
Officer HR & Admin
From India, Bangalore
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Account #01 - 12+3.67%
Account #02 - 0.65% (with a minimum of 500)
Account #10 - 8.33%
Account #21 - 0.5%
Account #22 - Nil
Total - 25.15%, which was previously 25.36%, reduced by 0.21% from the initial percentage.
Regards,
Anand
Officer HR & Admin
From India, Bangalore
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Dear Sir, The admn. charges of A/c No. 21 are 0% wef 01.04.17 would you please confirm?
From India, New Delhi
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From India, New Delhi
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Total Contribution towards EPF is as follows:
Account #01 - 12.3.67%
Account #02 - 0.65% (with a minimum of 500)
Account #10 - 8.33%
Account #21 - 0.5%
Account #22 - Nil
Total - 25.15%, previously 25.36%, reduced by 0.21% from 25.36%.
Regards,
Sunil Kumar
9991914666
From India, Faridabad
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Account #01 - 12.3.67%
Account #02 - 0.65% (with a minimum of 500)
Account #10 - 8.33%
Account #21 - 0.5%
Account #22 - Nil
Total - 25.15%, previously 25.36%, reduced by 0.21% from 25.36%.
Regards,
Sunil Kumar
9991914666
From India, Faridabad
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Yes. Am also having same doubt. Many of the contractors still contributing Acc 22 EDLI admin charges. And also its not removed in prepare challan part in EPFO Employer loging...can anyone clarify???
From India, undefined
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From India, undefined
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Ok. It is not removed but we you do not have to fill the EDLI administrative charges anymore. because these charges are levied.
From India, undefined
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From India, undefined
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In light of the amendment dated March 22, 2017, employers who have made administrative changes on old rates, i.e., Account 2 @ 0.85% and a minimum of Rs 200/- from April 2017, may make adjustments in Account No. 2. Or, does it require the permission of the EPF department?
From India, Chandigarh
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From India, Chandigarh
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A/c 1 EE (Employee Contribution) - 12%
A/c 1 ER (Employer Contribution) - 3.67%
A/c 2 (Administrative charges) - 0.65% with a minimum of Rs. 500
A/c 10 (Pension Fund) - 8.33%
A/c 21 (EDLI) - 0.5%
A/c 22 (Administrative charges for EDLI) - 0%
Total - 13.15% with a minimum of Rs. 500 for A/c 2
Sir, can I follow the above percentages to prepare ECRs from 01.04.2017?
From India, Hyderabad
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A/c 1 ER (Employer Contribution) - 3.67%
A/c 2 (Administrative charges) - 0.65% with a minimum of Rs. 500
A/c 10 (Pension Fund) - 8.33%
A/c 21 (EDLI) - 0.5%
A/c 22 (Administrative charges for EDLI) - 0%
Total - 13.15% with a minimum of Rs. 500 for A/c 2
Sir, can I follow the above percentages to prepare ECRs from 01.04.2017?
From India, Hyderabad
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Dear HR Professionals,
I just want to know if the following statement about EPF Contribution is correct. If it is correct, kindly reply to me.
Total Contribution towards EPF is as follows:
Account #01 - 12+3.67%
Account #02 - 0.65% (with a minimum of 500)
Account #10 - 8.33%
Account #21 - 0.5%
Account #22 - Nil
Total - 25.15%, which is a reduction from the previous 25.36% by 0.21%.
Thanks & Regards,
Shakir Hussan
Sr. Executive (HR/Admin)
P.R. Fasteners Pvt. Ltd.
Mobile No. [Phone Number Removed For Privacy-Reasons]
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I just want to know if the following statement about EPF Contribution is correct. If it is correct, kindly reply to me.
Total Contribution towards EPF is as follows:
Account #01 - 12+3.67%
Account #02 - 0.65% (with a minimum of 500)
Account #10 - 8.33%
Account #21 - 0.5%
Account #22 - Nil
Total - 25.15%, which is a reduction from the previous 25.36% by 0.21%.
Thanks & Regards,
Shakir Hussan
Sr. Executive (HR/Admin)
P.R. Fasteners Pvt. Ltd.
Mobile No. [Phone Number Removed For Privacy-Reasons]
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As per the notification dated 15/03/2017, it is clear that admin charges for account number 2 is 0.65% effective from 01/04/2017. However, regarding account number 22 (EDLI admin), it is not clear whether functional and non-functional units are at 0%. Please clarify the EDLI admin charges.
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Dear Shekar, both for Functional & Non Functional -EDLI A/C # 22-No Sum id payable until further notice
From India, New Delhi
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From India, New Delhi
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A/C:2 - PF Admin Charges @ 0.65% or Minimum Rs500/- whichever is higher from 01-04-2017. (up to 31-03-2017 @ 0.85% or Minimum Rs500/- whichever is higher).
A/C#22 EDLI Inspection Charges - No sum is payable / NIL from 01-04-2017 (up to 31-03-2017 @ 0.01% or Minimum Rs200/- whichever is higher).
The above information is correct or incorrect. Please inform anybody.
From India, Tiruppur
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A/C#22 EDLI Inspection Charges - No sum is payable / NIL from 01-04-2017 (up to 31-03-2017 @ 0.01% or Minimum Rs200/- whichever is higher).
The above information is correct or incorrect. Please inform anybody.
From India, Tiruppur
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