PF Admin charges reduced by .25%

Effective 01-01-2015 the PF admin charges (under Account No.2) has been reduced from 1.1o% to .85% and therefore the final Employer PF contribution comes down to 13.36%. The PF admin charges will be a minimum of Rs. 500 and minimum EDLI charges of Rs. 200 even if the number of employees drop to one and in case there are no employees coverable under the PF code then the charges would be a minimum of Rs.75 and Rs.25 respectively.

PF Notification: PF Admin Charges Reduction by .25%

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