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 ?
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 ?
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 .
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