EPFO - Admin charges reduced from 0.65% to 0.50% with effect from 1st June 2018 | Labour Law News

EPFO – Admin charges reduced from 0.65% to 0.50% with effect from 1st June 2018

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Employees’ Provident Fund fixes the administrative charges payable by the employer with effect from 1st June, 2018 at 0.50 per cent

EPFO - Admin charges reduced from 0.65% to 0.50% with effect from 1st June 2018

Ministry of Labour and Employment issued Notification in New Delhi, the 21st May, 2018 regarding PF admin charges form 0.65% to 0.50% with effect from 1st June 2018 and details as follows.

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 the 15th March, 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 1st June, 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 the 31st May, 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respect of which the notification referred to in paragraph 1 herein shall continue to apply as if the same had not been superseded.

[F. No. S-35012/01/2014-SS-II]

  1. K. GUPTA, Jt. Secy.

To download detail notification click below

Employees’-Provident-Fund-fixes-the-administrative-charges-payable-by-the-employer-with-effect-from-1st-June-2018-at-0.50-per-cent.pdf (67 downloads)

Source: Gazette of India

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