I want to know about amendment of PF contribution parts. if any changes in pf contribution rates so please share with us.
From India, Allahabad
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From India, Allahabad
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Dear Sonveer Choudhary ji,
PF contribution rates are as follows:
Employee Share
Ac No. 1 (EPF): 12%
Employer Share
Ac No. 1 (EPF): 3.67%
Ac No. 10 (EPS): 8.33%
Ac No. 2 (Admin PF): 0.5%
Ac No. 21 (EDLI): 0.5%
Ac No. 22 (Admin EDLI): Nil
Effective from 01-06-2018, PF admin charges have been reduced to 0.50, subject to a minimum of Rs. 500/- per month. In case there is no member in a month, then you have to pay Rs. 75/- towards PF admin charges.
From India, Mumbai
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2584PF contribution rates are as follows:
Employee Share
Ac No. 1 (EPF): 12%
Employer Share
Ac No. 1 (EPF): 3.67%
Ac No. 10 (EPS): 8.33%
Ac No. 2 (Admin PF): 0.5%
Ac No. 21 (EDLI): 0.5%
Ac No. 22 (Admin EDLI): Nil
Effective from 01-06-2018, PF admin charges have been reduced to 0.50, subject to a minimum of Rs. 500/- per month. In case there is no member in a month, then you have to pay Rs. 75/- towards PF admin charges.
From India, Mumbai
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf