banner_ad

Minimum Ceiling Limit - Admin Charges - PF

This query is : Resolved 
Profile Image

Profile Image

(Querist)
01 July 2011 Hello,

During an assignment of audit, i come to know that the audit party has paid admin charges @ 1.61% on basic salary during the year under provident fund obligations along with contribution.

My concern is that, whether this treatment is right or any ceiling limit for calculating admin charges (i.e. 1.61% on basis salary) is there, because i have read some where that it should be calculated by adopting a fixed ceiling limit of wages of rs. 6500 and this treatment done by accountant of my audit party has resulted into huge extra cost to the company.

Regards,

Mohit Bansal
Audit Executive
9911688512
Profile Image

Ram Avtar Singh

Profile Image

Ram Avtar Singh (Expert)
01 July 2011 read by this link

https://www.accountinghead.com/index.php/employees-provident-fund-organisationindia-epfo-its-calculation-and-rates/
Profile Image

CA MOHIT BANSAL

Profile Image

CA MOHIT BANSAL (Querist)
01 July 2011 Thanks Sirfor your great help.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details