Dear Folks, Revised administrative charges for EPFO w.e.f 1st April, 2017 at 0.65 per cent (zero point six five per cent.)
From India, Pune
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67From India, Pune
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Hi Mr. Mudassar,
Could you please explain how I should implement the administrative charges calculation in my payroll Excel sheet? Currently, I am calculating based on the total employer PF share as follows: 8.33% (EPS contr.) + 3.67% (EPF contri.) + 1.36% (admin charges).
Additionally, could you help me understand the Rs. 75/- payable for what type of non-contributory member as mentioned in the notification?
Looking forward to your response!
Regards,
Rohan Gupta
Bangalore
From India , Chandigarh
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Could you please explain how I should implement the administrative charges calculation in my payroll Excel sheet? Currently, I am calculating based on the total employer PF share as follows: 8.33% (EPS contr.) + 3.67% (EPF contri.) + 1.36% (admin charges).
Additionally, could you help me understand the Rs. 75/- payable for what type of non-contributory member as mentioned in the notification?
Looking forward to your response!
Regards,
Rohan Gupta
Bangalore
From India , Chandigarh
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Hi Seniors, Can any one explain in detail payroll calculation with PF ,ESIC ,Gratuity,TDS,Admin charges and including both challans in excel. Thanks Isha
From India, New Delhi
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From India, New Delhi
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Details of EPF Contribution Payable with effect from April 2017:
A/C 1 EE - Employee Contribution @ 12%
A/C 1 ER - Employer Contribution @ 3.67%
A/C 2 Administrative Charges @ 0.65% or Minimum of Rs 500/-, whichever is higher on EPF Wages
A/C 10 Employees Pension Fund @ 8.33% (Maximum up to Rs 15,000/)
A/C 21 EDLI Contribution @ 0.50% (Maximum up to Rs 15,000/- including for Non-EPS Members)
A/C 22 EDLI Administrative Charges: Nil CONTRIBUTION
Total Employee Contribution @ 12%
Total Employer Contribution @ 13.15%
Last Date for Remittance of Contributions: Before the 15th of the Month
Establishments (Non-Functional/Closed) not having any EPF Covered Employees on Its Roll:
A/C 2 Administrative Charges: @ Rs 75/-
A/C 22 EDLI Administrative Charges: Nil CONTRIBUTION
Last Date for Remittance of Contributions: Before the 15th of the Month
From India, New Delhi
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A/C 1 EE - Employee Contribution @ 12%
A/C 1 ER - Employer Contribution @ 3.67%
A/C 2 Administrative Charges @ 0.65% or Minimum of Rs 500/-, whichever is higher on EPF Wages
A/C 10 Employees Pension Fund @ 8.33% (Maximum up to Rs 15,000/)
A/C 21 EDLI Contribution @ 0.50% (Maximum up to Rs 15,000/- including for Non-EPS Members)
A/C 22 EDLI Administrative Charges: Nil CONTRIBUTION
Total Employee Contribution @ 12%
Total Employer Contribution @ 13.15%
Last Date for Remittance of Contributions: Before the 15th of the Month
Establishments (Non-Functional/Closed) not having any EPF Covered Employees on Its Roll:
A/C 2 Administrative Charges: @ Rs 75/-
A/C 22 EDLI Administrative Charges: Nil CONTRIBUTION
Last Date for Remittance of Contributions: Before the 15th of the Month
From India, New Delhi
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Administrative charges revised from Jan 15..pdf