When I am depositing the monthly employee and employer's PF do I have to pay the Admin charges and EDLI charges also every month ? Or is the Admin and EDLI charges applicable only during first month's payment ?
Menu
Admin Charges in EPF
Replies (3)
You have to pay this every month
he Government of India maintains the Provident Fund (PF) account on behalf of all the employees in India. For the maintenance of the employees' PF accounts, the government charges a certain amount as a fee from the employers. The amount charged as a fee is called PF Admin Charges or the Provident Fund Admin Charges.
PF Admin Charges are calculated as a percentage of an employees' total PF Basic. The percentage charged is called PF Admin Percentage.
The current EPF Admin charges are 0.50 %, subject to a minimum of Rs.75 per month for every non-functional establishment having no contributory member and Rs 500/month/establishment for others.
Thanks , this information would be useful .
Related Topics
CAclubindia
