Dear Seniors,
As per the recent EPFO notification says that, EPF admin charges has reduced from 0.85% to 0.65%. Hence over all EPF contribution is employee 12% and Employer 13.16% total 25.16%. (earlier it was 25.36%)......
My doudt is the same notification mentioned something relate to EDLI Admin charges. Can anyone please let me know anything changes amended or to be amended EDLI Admin charges i.e 0.01%. Why because I am asking is one of the leading HR portal is mentioned the over all EPF & EPS contribution percentage is 25.15, they have omitteed EDLI admin charges of 0.01%.
Seniors please clarify me.
Regards,
Sakthi Sukumar
From India, Kolkata
2As per the recent EPFO notification says that, EPF admin charges has reduced from 0.85% to 0.65%. Hence over all EPF contribution is employee 12% and Employer 13.16% total 25.16%. (earlier it was 25.36%)......
My doudt is the same notification mentioned something relate to EDLI Admin charges. Can anyone please let me know anything changes amended or to be amended EDLI Admin charges i.e 0.01%. Why because I am asking is one of the leading HR portal is mentioned the over all EPF & EPS contribution percentage is 25.15, they have omitteed EDLI admin charges of 0.01%.
Seniors please clarify me.
Regards,
Sakthi Sukumar
From India, Kolkata
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Epfo-circular-2 2-mar-2017-pf-e dli-admin-charg es-reduced-waiv ed-wef-1-apr-20 17.pdf
Interest rate cut to 8.55%, admin charges reduced to 0.5%.jpg