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
Acknowledge(0)
Amend(0)
302From India, Madras
Acknowledge(0)Amend(0)
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
Acknowledge(0)Amend(0)
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
Acknowledge(0)Amend(0)Gathering data for an AI comment.... Sending emails to relevant members...
Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Minimum Wages in Maharashtra for the period January 2018 to June 2018.xls
Provident fund.zip
TN Labour Welfare Fund 2018.pdf