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% ?
From India, Madras
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302From India, Madras
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Dear Mr. Babu,
A/c No. 22 has already been closed. As of today, there are only 4 A/cs: 1, 2, 10, 21. Recently, administrative charges have been reduced to 0.50% from 0.65% effective June 2018, consequently, the employer's PF contribution has been reduced to 13% from 13.15%.
Regards,
Pramit K Singh IR Professional
From India, Noida
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A/c No. 22 has already been closed. As of today, there are only 4 A/cs: 1, 2, 10, 21. Recently, administrative charges have been reduced to 0.50% from 0.65% effective June 2018, consequently, the employer's PF contribution has been reduced to 13% from 13.15%.
Regards,
Pramit K Singh IR Professional
From India, Noida
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Provident fund.zip
TN Labour Welfare Fund 2018.pdf
PROVIDENT FUND.rar