Jun 282018
 

Reduction of PF Admin Charges from 0.65 % to 0.50%

Dear Employer

Good News Reduction of PF Admin Charges from 0.65 % to 0.50%  the said reduction is effective from 1st June 2018 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.

Download Notification:- Reduction of PF Admin Charges

Now the total challan amount  will be

Ac No. 1  :-    12+3.67%
Ac No   10 :-  8.33%
Ac No 2 :-       0.5%
Ac No 21:-     0.5%

Ac No 22:-     Nil……..

Total contribution will be 25 %

For your Knowledge purpose & record purpose appended below is the road map of EPF ADMINISTRATIVE CHARGES PAYABLE BY THE EMPLOYERS OF UN-EXEMPTED ESTABLISHMENTS

EPF ADMINISTRATIVE CHARGES PAYABLE BY THE EMPLOYERS OF UN-EXEMPTED ESTABLISHMENTS
Period Rate Reckoned on
01.11.1952 to 31.12.1962 3% Total employers’ and employees’ contributions.
01.01.1963 to 30.09.1964 3% Total employer’s and employees’ contributions payable @ 6.25%.
2.4% Total employer’s and employees’ contributions payable @ 8%.
01.10.1964 to 30.11.1978 0.37% On total pay on which contributions are payable.
01.12.1978 to 30.09.1986 0.37% On total pay on which contributions are payable. Minimum

Administrative charges payable per month per establishment was Rs. 5/-.

01.10.1986 to 31.07.1998 0.65% On total pay on which contributions are payable. Minimum

Administrative charges payable per month per establishment was Rs. 5/-.

01.08.1998 to 31-12-2014 1.10% On total pay on which contributions are payable. Minimum

Administrative charges payable per month per establishment is Rs. 5/-.

01.01.2015 to 31.03.2017 0.85% On total pay on which contributions are payable. Minimum

Administrative charges payable per month per establishment is Rs. 500/-.

01.04.2017 onwards 0.65% On total pay on which contributions are payable. Minimum

Administrative charges payable per month per establishment is Rs. 500/-.

Courtesy: Prakash Consultancy Services

Sensys Technologies

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