Employees’ Provident Fund- Contribution Rate
The EPF & MP Act, 1952 was enacted by Parliament and came into force with effect from 4th March, 1952. A series of legislative interventions were made in this direction, including the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952. Presently, the following three schemes are in operation under the Acts:
1. Employees’ Provident Fund Scheme, (EPS) 1952
2. Employees’ Deposit Linked Insurance Scheme, (EDILS) 1976
3. Employees’ Pension Scheme, 1995 (replacing the Employees’ Family Pension Scheme, 1971)(EPS)
Table below gives the rates of contribution of EPF, EPS, EDLI, Admin charges in India.
| Scheme Name | Employee contribution | Employer contribution |
|---|---|---|
| Employee provident fund (A/C 1) | 12% | 3.67% |
| Employees’ Pension scheme (A/C 10) | 0 | 8.33% |
| Employees Deposit linked insurance (A/C 21) | 0 | 0.50% |
| EPF Administrative charges (A/C 2) | 0 | 0.65% (From 01/04/2017 Previous-0.85% from Jan 2015) or min Rs. 500/- |
| EDLIS Administrative charges (A/C-22) | 0 | 0.01% or min Rs. 200/- |
| TOTAL | 12% | 13.16% |
EPF a/cno.22 (admin charges) is payable or not?
Please send ESI & PF, with PF admin expenses, Rate chart for the year 2021-2022 and share link any time updatasion self checking.
thanks
kamlesh kumar
7275076172
i have remitted employees pension scheme for 6 employees based on the wage limit of Rs.6,500 instead of Rs.15,000 from April 15 to August 15. what would be the interest to be remitted along with pension amount. please clarify. Thanks & Regards, T.M.Parthasarathy
In one case of labour contractor, they are claiming deductions towards EPF at 13.5% of basic paid to labour. Please clarify whether the excess of 1.5% of EPF can be disallowed or not.
Sir,
EDLIS Administrative charges waived from 01.04.2017
Please refer the attached link – 15th March 2017 notification
https://taxguru.in/corporate-law/no-levy-of-administration-expenses-on-edli-scheme-wef-01-04-2017.html
Thank you Viswa