PF Admin charges have been further reduced from 0.65% to to 0.5% applicable w.e.f. 1 June 2018, subject to a minimum of Rs. 500/ Rs. 75 in the case of functional/ non-functional organisations. Besides, EDLI Admin charges have already been waived w.e.f. 01/04/2017.
It may be noted that Expenditure incurred by EPFO in administering the Provident Fund (EPF), EDLI, etc., are met from the Admin/ Inspection charges collected from the employers.
Revised Rates of Contribution to various PF Accounts w.e.f. 1 June 2018
In line with the recent amendment/ reduction in PF Admin charges notified by the EPFO, the revised rates of contribution to various PF accounts applicable w.e.f. 1 June 2018, are as under:
|Contribution Rate (%)||Employee’s Contribution Rate (%)||Employer’s Contribution Rate (%)|
|A/c No. 1: PF Contribution Account*||12.00||3.67|
|A/c No. 2: PF Admin Charges Account||–||0.50|
|A/c No. 10: EPS Contribution Account||–||8.33|
|A/c No. 21: EDLIS Contribution Account||–||0.50|
* In certain cases, 10% PF rate is applicable, wherein Employee Share to A/c No. 1 will become 10% and Employer share will become 1.67%.
PF Admin Charges reduced from 0.65% to 0.5% w.e.f. 1 June 2018
PF Admin Charges Reduced to 0.5% w.e.f. 01/06/2018: MoL&E/ EPFO Notification dt. 21/05/2018
S.O. 2011(E).- In exercise of the powers conferred by the Explanation to paragraph 30 read with paragraph 39 of the Employees’ Provident Funds Scheme, 1952, and in supersession of the notification of the Government of India in the Ministry of Labour and Employment published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii) vide number S.O. 827(E), dated 15/03/2017, except as respects things done or omitted to be done before such supersession, the Central Government, after consulting the Central Board and having regard to the resources of the Employees’ Provident Fund available for meeting its normal administrative expenses, hereby fixes the administrative charges payable by the employer for the purposes of paragraph 30 and sub-paragraph (1) of paragraph 38 of the said Scheme with effect from 01/06/2018 at 0.50 per cent (zero point five zero per cent.) of the pay as referred to in the said paragraphs subject to a minimum sum of seventy-five rupees per month for every non-functional establishment having no contributory member and five hundred rupees per month per establishment for other establishments.
2. For the removal of doubts, it is hereby notified that nothing contained in this notification shall affect the administrative charges payable in respect of the period up to and inclusive of 31/05/2018 in respect of which the notification referred to in paragraph 1 herein shall continue to apply as if the same had not been superseded.
PF Admin Charges reduced from 0.85% to 0.65% and EDLI Admin Charges waived by EPFO w.e.f. 01/04/2017
The expenditure incurred in administering the Employees’ Provident Fund (EPF), Employees’ Deposit Linked Insurance (EDLI), etc., are met from the administrative and inspection charges collected from the employers. Earlier, the PF Admin charges were reduced from 1.10% to 0.85% w.e.f. 01/01/2015, which has been reduced further to 0.65% by EPFO w.e.f. 01/04/2017 (applicable upto 31/05/2018). Besides, EDLI Admin charges are no longer payable (i.e. waived) w.e.f. 01/04/2017.
PF/ EDLI Admin Charges reduced to 0.65%/ Nil: EPFO Circular dt. 22/03/2017
PF Admin Charges reduced to .65%: Govt. Notification dt. 15/03/2017
EDLI Admin Charges waived: Govt. Notification dt. 15/03/2017
Due to ignorance we have been paying 0.85% in A/C No.2 and Rs.200/- p.m. as EDLI Admin. Charges till October -2017. Can we adjust excess amount paid since April 17 to October-17 of Rs.1000/- approx in each account, from the future payments?
Yes, Excess amount paid can be adjusted, with sending an letter to commissioner of Respective PF, clearly stating the amount being adjusted with the demand raised for the respective month and letter to be sent for each month till the amount gets adjusted.
Are EDLI admin. charges Waived off for all organization?
YES. EDLI ADMIN CHARGES WILL BE BORNE BY CENTRAL GOVT.
NOW CAN I PAY PF CHALLAN A/C NO – 21 ADMIN CHARGES 0.50 % FOR THE MONTH OF JUNE 2018 ?
do i need to keep the A/C No. 21 as same before. Only i have to pay A/C No. 2 From (Basic+D.A) @0.5% from June 2018 onward?
pf admin charges are calculated based on Rs. 15000/- limit or based on gross wage/ salary?
pf admin chargers are payable on pf wages, on which you make deduction of PF.
if i pay pf arrears of March and April 2018 in this month, shall i pay administration charges (A/C 2) @ 0.5% OR 0.65%?
Who pays PF administration charges? Employer or employee?
Of course, the Employer has to pay PF admin charges.
EDLI inspection charges is waived for all establishment or only unexempted?
EDLI charges are exempted for all establishments.
what’s the minimum epf admin charge for arrears payment?
Rs. 500 p.m. applicable w.e.f. 1 June 2018 for functional organisations.
If the Administration charges was added in Total CTC as a cost of Employer after the reduction in same charges what will be the effect of such balance amount ? whether it is paid to employees or what ?
What is the admin charges if there is no contribution?
Rs. 75 p.m. applicable w.e.f. 1 June 2018 for non-functional organizations.
Is there any PF admin charges maximum limit for payment from one account?
I want to file nil return. So far i was filing return with A/C No.2 Rs. 75/- and A/c No.22 Rs. 25/-. Is that same procedure even now to be followed to file the nil return or there are any changes?
How to surrender the PF number, as there are no employees on roll now. Also, how to withdraw PF contributions?
If arrear of april and may 2018 is deposited in the return for June 2018, whether pf admin charges are applicable @0.65% or @0.50%?
If Salary Below 15000… How much Admin Charges to be applicable?
What is the total percentage payable under employer’s contribution at present? 15.5% or 13%?
Employer contribution is 13 percent at present.
If we skip to pay a/c 2 charges in one of the challan by mistake ..then what to do?
This law is applicable in Jammu & Kashmir or not?
PF contribution amount deposited towards Account No. 21 is reflecting in Account Number 22. Please advise what action is required to shift this amount in Account 21?
administration charges should be calculated on gross wages or epf wages ???
Minimum EDLI charges is Rs. 75 or 0.5% of actual basic wage/ salary? if their is only one member and his basic salary is Rs. 14000/-, then we have to deposit Rs. 75 or 70?
EDLI Admin charge not payable from which date ??
We don’t have any employee since our project has completed. In such a case how much amount we have to pay for maintaining the PF account?
We have only one employee. Unable to add the Administrative Charges of Rs. 75 since the system is asking for Minimum Rs. 500. What to do??
How to get the refund of EDLI admin charges paid mistakenly in A/C 22? instead of zero, we have uploaded Rs 12,450/- in A/c 22. Please guide.
Admin charges calculated employee-wise or lumpsum for all the employees minimum 500?
நாங்கள் epf scheme ல் இருந்து வழக்கின் மூலம் gpf scheme க்கு மாற்றபட்டது ஏற்கனவே நிர்வாகம் செலுத்திய adm., charges, edli, inspection charges போன்றவை ஓய்வு /இறந்த /பணிபுரியும் தொழிலாளர்களிடம் பிடித்தம் செய்யபடுகிறது. இது சரியா எங்களுக்கு இது தவறாக உள்ளது. விளக்கம் தேவை. (We have changed from epf scheme to gpf scheme through case where adm., charges, edli, inspection charges etc already paid by management are deducted from retired/deceased/working workers. It’s right, it’s wrong for us. Explanation needed.)