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
