Provident fund contributions new

Babu Alexander

294

Is there any changes in Provident Fund contribution, in A/c Nos,1,2,10,21,22, with effect from June-2018? To be brief is there any reduction in employer’s contribution from 13.16% to 13% ?
11th June 2018 From India, Madras

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Pramit Kumar Singh

Dear Mr. Babu,
A/c No. 22 has been already closed. As on date there are only 4 A/cs. 1,2,10,21. Recently Admin Charges has been reduced to .50% from .65% w.e.f June 2018 consequently employer PF contribution reduced to 13% from 13.15%.
Regards
Pramit K Singh
IR Professional
11th June 2018 From India, Noida

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