WebJul 10, 2024 · EPF - 15.67% of their salary drawn or maximum Rs.2350.00 (contribution of Employee's 12% + Employer's 3.67%) EPS – 8.33% of their salary drawn or maximum Rs.1250.00 (fully contributed by Employer 8.33%) EDLI- 0.50% of their salary drawn or maximum Rs. 75.00 (fully contributed by Employer 0.50%) WebMay 23, 2024 · PF Admin charges have been further reduced from 0.65% to to 0.5% applicable w.e.f. 1 June 2024, subject to a minimum of Rs. 500/ Rs. 75 in the case of …

All About Employee Provident Fund -PF ,EPF,EPS,EDLI -Ceiling …

WebJan 19, 2016 · EPFO had brought down the administrative charges to 0.85% with effect from January 1, 2015 from 1.10% that it used to levy for 16 years starting August 1998 … Webis bearing all the expenses of the administration of the Provident Fund and no administrative charges are paid by FCI to EPFO, there is no question of submitting the ... inspection charges to EPFO @ 0.18% of actual salary and not restricted to the celling amount as prescribed by EPFO from time to time. Thus, it is very much within the ... grafton gaming group

Reduction in rate of Administrative Charges on Provident Fund

WebApr 28, 2024 · As per the Employee Provident Fund Act, an employer also contributes 12% to the EPF account. The proposed contribution is as follows: 3.67% of the amount goes towards EPS 8.33% of the amount goes towards EPF 0.5% of the amount goes towards EDLI 1.1% of the amount goes towards EPF Administration charges WebThe employee contribution towards EPS, EPF, EDIL and Admin charges should be rounded up to the next value. Minimum administration charges have to be paid 75 for Non – Functioning organisation and employer contribution 500 per month towards EPF … Saral ePFESI software will automate your PF and ESI calculations, generate PF … WebThe EPFO's top decision-making body is the Central Board of Trustees (CBT), a statutory body established by the Employees' Provident Fund and Miscellaneous Provisions … graftongate yeovil