Hi all,
Here is an update regarding the change in administration charges of EPF (A/c 2) and EDLI (A/c 22).
The administrative charges, which were earlier 1.1% (A/c No. 2), have been changed to 0.085% or Rs. 500/- per month, whichever is higher, for all functional establishments, and Rs. 75/- per month for non-functional establishments with no contributory members.
Similarly, the administration charges, which were earlier 0.01% (A/c No. 22), have now been changed to 0.01% or Rs. 200/- per month, whichever is higher, for all functional establishments, and Rs. 25/- per month for non-functional establishments with no contributory members.
In simple words, the administrative charges, which were earlier Rs. 7/- per month, are now increased to Rs. 700/- for functional companies with no contributory members and Rs. 100/- for non-functional establishments with no contributory members.
A copy of the notification in this regard is enclosed for your reference.
From India, Delhi
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11Here is an update regarding the change in administration charges of EPF (A/c 2) and EDLI (A/c 22).
The administrative charges, which were earlier 1.1% (A/c No. 2), have been changed to 0.085% or Rs. 500/- per month, whichever is higher, for all functional establishments, and Rs. 75/- per month for non-functional establishments with no contributory members.
Similarly, the administration charges, which were earlier 0.01% (A/c No. 22), have now been changed to 0.01% or Rs. 200/- per month, whichever is higher, for all functional establishments, and Rs. 25/- per month for non-functional establishments with no contributory members.
In simple words, the administrative charges, which were earlier Rs. 7/- per month, are now increased to Rs. 700/- for functional companies with no contributory members and Rs. 100/- for non-functional establishments with no contributory members.
A copy of the notification in this regard is enclosed for your reference.
From India, Delhi
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Hi, Much obliged for sharing these straightforward information on EPF. A much needed information for people who are not aware of this. Thanks & Regards Stella
From India, Chennai
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From India, Chennai
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Amendment in EPF Administration charges w.e.f. 01-04-2017.pdf
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