Reduction in Rate of Administrative Charges from 1.10% to 0.85% of the pay:
The Government of India issues notification No. S.O. 323(E) and S.O. 324(E) both dated 02.02.2015, on reducing the administrative charges under the Employees’ Provident Funds Scheme, 1952. The Ministry of Labour and Employment, Government of India, has issued a notification to revise the rate of administrative charges under the Employees’ Provident Funds Scheme, 1952. The changes will be effective from 1 January 2015 so administration charges payable upto 31.12.2014 will be levied at old rate.
EPFO (Employees Provident Fund Organisation) has cut the administrative fee it charges under the ambit of its social security schemes, effective from January 1st 2015. The administrative charges have been reduced to 0.85% of basic wage from 1.10% as per a Labour Ministry Notification No. S.O. 323(E) and S.O. 324(E) both dated 02.02.2015.
According to the notification, the minimum monthly administrative charges will be Rs 25 for every non-functional firm having no (PF) contributing member and Rs 200 for any other establishments.
Summarised Table of PF rates
| Various accounts of PF Challan | OLD Rate | New rates W.e.f 1-Jan-15 | ||
| Employee | Employer | Employee | Employer | |
| A/c No 1: PF contribution Account | 12% | 3.67% | 12% | 3.67% |
| A/c No 2: PF Admin account | 1.10% | 0.85% | ||
| A/c No 10: EPS account | 8.33% | 8.33% | ||
| A/c No 21: EDLIS account | o.50% | o.50% | ||
| A/c No 22: EDLIS admin account | 0.01% | 0.01% | ||
| Net Rate | 12% | 13.61%* | 12% | 13.36%* |
*Additional contribution by employer has to pay is: 1.36 (old 1.61%) of basic.
Download Full Text of the EPF Notification
sir,
REquesting EPF calauction xl sheet copy.
As per new circular of pf department adm charges for ac.no. 02 should be 0.65% instead of 0.85 and for ac. no.22 should be Nil instead of 0.01%. So need to update circular on your website sir’s
Recently as per new Govt rules, PF A/c No.2 is charged @ 0.65% instead of @ 0.85% and A/c No.22 is Nil from 1st April 2017. Please clarify is it correct.
Recently EPFO reduced administration charges to 0.65% effective from 1 April 2017.
a/c.no. 22, my company 105 employee & 6 ECR (Actually 0.01% = lamsum Rs.130) & 6 challan 6*200=1200.plz help me.
Surrender your EPF registration.
PF on basic wages, dearness allowance and retaining allowance.
Admin too on basic wages, dearness allowance and retaining allowance
Hello Team,
Is the PF Administrative Charges to be deducted from Employee CTC?
Please confirm.
1.we have salary structure as basic + DA + HRA
2.Whether admin charges i.e EDLIS and PF Admn.charges to be paid on basic only or basic plus da?
3.whether pf to deducted on basic+da or basic+da+hra.
reply me ASAP
Dear Sir
My company works is closed there is no employees & No work , present how is the pay is EPF challan , Please kindly request tell me (Basic amount)
Kindly suggest
Dear Sir ,
I want to learn about monthly PF ECR Generate , is there anywhere any coaching clases
Mine is a typical may be rare case
I am a senior citizen 15 Jan 1947 born retired from Central Govt and presently getting pension around 31,000 PM.
After retirement at the age of 60+,I started Technical consultancy services with the group of retired technical people above 60 years of age all pensioners getting pension more than limit of EPF ie 15000.All consultants were part time ,freelancers and were booked for 4 to 5 days at an average.
Last month I applied on line to get EPF NO under 1(4) and mentioned effective date of Dec 2007.Unfortunately I got allotted the Number and now being asked to pay all chages wef Dec 2007.I,in the application I have shown ONE Full time employee ie SELF.
1. Whether people above 60 years of age are eligible for starting PF and pension contribution?
2. Whether part time freelancer technical consultants working 4-5 days a month at an average and being paid piece meal basis are eligible for PF contribution?
3. Whether my propitiatory is eligible for EPF Registration ?
Pl advice what to do in the present circumstances? and what may be financial Implication.
Dear Team,
I have resigned from A company september 2012 .but after that i have checked through epfo portal account balance 12000 appro on 2013 .but inactive account checked on september 2015 . but its showing appro 10000 only .what was the reason for reduction
I am a private employee. I don’t understand the PF Scheme.
If 10% salary are deducted every month for the PF, How much govt will giving for the employees.
we are only two employee for last 15 years.
how to paid rs.500/- and rs.200/- for admn. charges.
please told me if any category for this charges.
tell me pf detail
we are two employee
how to decide Adm charge 0.85 or 500
0.01 or 200
pl suggest
what pf admin charge applicable when all employees left from establisment and it is continue its business
WHETHER IT IS REQUIRED TO DEPOSITE PROVIDENT FUND WITHIN DUE DATE BY EMPLOYER ? WHAT IS THE DUE DATE FOR THAT ?
dear siri do not understanding new rate of pf challan so please attached create pf challan copy m/o apr-15 & i saw this and cont.our work. Thankyou
The new admin charges is applicable for all type of establishment or it is different.
if already paid for the month of jan & feb -15 Adminstrative charges @1.10% how we can recover the same.
Kindly Suggest
Not cleared regarding A/c No. 2 , 21 & 22
THANK U VERY MUCH FOR DETAILS PROVIDED
Mr. MANIKANDAN SAID IS CORRECT
1. No Employee :-minimum Rs. 5 in A/c 2 and Rs. 2 in A/c 22.
2. Others:- 1.1% in A/c 2 and 0.01% in A/c 22.
New Rule:-
Two Conditions:-
1. No Employee:- minimum Rs. 75 in A/c 2 and Rs. 25 in A/c 22
2. Others:- 0.85% or Rs. 500 which is higher in A/c 2 and 0.01% or Rs. 200 which is higher in A/c 22
It can be adjusted in the next month
I have mail to the EPF office at this mail id acc.kargoa@epfindia.gov.in
I have mail to the EPF office at this mail id acc.kargoa@epfindia.gov.in
They have reply me it can be adjusted in the next month
You can also ask your EPF office
Detail of revision as under:-
Previous Rule:-
Two Conditions:-
1. No Employee :-minimum Rs. 5 in A/c 2 and Rs. 2 in A/c 22.
2. Others:- 1.1% in A/c 2 and 0.01% in A/c 22.
New Rule:-
Two Conditions:-
1. No Employee:- minimum Rs. 75 in A/c 2 and Rs. 25 in A/c 22
2. Others:- 0.85% or Rs. 500 which is higher in A/c 2 and 0.01% or Rs. 200 which is higher in A/c 22
We already paid we can adjust in future payments or we get refund
Srinivas
if already paid for the month of jan & feb -15 Adminstrative charges @1.10% how we can recover the same
kindly suggest