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Thursday, March 16, 2017

EPF Admin Charges Reduce from 0.85% to 0.65 % from 1st Apr 2017

Good News from EPFO the administrative charges payable by the employer for the purposes of paragraph 30 and sub-paragraph (1) of paragraph 38 of the said Scheme with effect from 1st April, 2017 at 0.65 per cent (zero point six five per cent.) of the pay as referred to in the said paragraphs subject to a minimum sum of seventy-five rupees per month for every non-functional
establishment having no contributory member and five hundred rupees per month per establishment for other establishments.

Further the Central Government hereby determines that no sum shall be payable for the time being by the employer in relation to his employees as the further sum payable by the employer every month to the Deposit-Linked Insurance Fund for the meeting the expenses in connection with the administration of the Employees Deposit-Linked Insurance Scheme, 1976 other than the expenses towards the cost of any benefits provided by or under that scheme. i.e A/C 22 will be  Zero


Necessary Notification :-👉👉No PF Admin Charges No PF EDLI 1st Apr 2017