pf admin charges reduced notification 2017 Archives - Tax Heal https://www.taxheal.com/tag/pf-admin-charges-reduced-notification-2017 Complete Guide for Income Tax and GST in India Mon, 09 Jul 2018 11:07:14 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 EPF Revised administrative charges from 01.06.2018 : Notification S.O. 2011(E) dated 21.05.2018 https://www.taxheal.com/revised-administrative-charges-under-epf-from-01-06-2018-notification-s-o-2011e-dated-21-05-2018.html https://www.taxheal.com/revised-administrative-charges-under-epf-from-01-06-2018-notification-s-o-2011e-dated-21-05-2018.html#respond Fri, 25 May 2018 01:57:41 +0000 http://taxheal.com/?p=60698 Revised administrative charges under EPF from 01.06.2018 Revised administrative charges under EPF from 01.06.2018 under Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 Summary of Revised administrative charges under EPF from 01.06.2018 PF Administrative Charges Reduced to 0.5% from 0.65%. Ministry of Labour and Employment decided to reduce PF administrative charges payable by employers. As per gazette notification issued on 21st May, 2017 new rate of… Read More »

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Revised administrative charges under EPF from 01.06.2018 under Employees’ Provident Funds and Miscellaneous Provisions Act, 1952

Summary of Revised administrative charges under EPF from 01.06.2018

Revised administrative charges under EPF from 01.06.2018

PF Administrative Charges Reduced to 0.5% from 0.65%. Ministry of Labour and Employment decided to reduce PF administrative charges payable by employers. As per gazette notification issued on 21st May, 2017 new rate of contribution towards PF administrative charges will 0.50% of total EPF wages of an employee w.e.f 01.06.2018. Earilier  also Govt Revised Admin charges payable by employer wef 01.04.2017. and reduced the rated from 0.85% to 0.65%.

A New notice concerns revisions to the rate of administrative charges under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, and is effective 1 June 2018.

Notification on Revised administrative charges under EPF from 01.06.2018

MINISTRY OF LABOUR AND EMPLOYMENT
NOTIFICATION
New Delhi, the 21st May, 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 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]
R. K. GUPTA, Jt. Secy.

Download Notification : Click here

Analysis of Revised administrative charges under EPF from 01.06.2018

Read Analysis of Revised administrative charges May 2018 report [PDF 658 KB]

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]]> https://www.taxheal.com/revised-administrative-charges-under-epf-from-01-06-2018-notification-s-o-2011e-dated-21-05-2018.html/feed 0 EPF Scheme – Revised Admin charges payable by employer wef 01.04.2017 https://www.taxheal.com/epf-scheme-revised-admin-charges-payable-employer-wef-01-04-2017.html https://www.taxheal.com/epf-scheme-revised-admin-charges-payable-employer-wef-01-04-2017.html#respond Fri, 17 Mar 2017 05:50:53 +0000 http://taxheal.com/?p=23171 EPF Admin Charges Reduce from 0.85% to 0.65 % from 1st Apr 2017 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 April, 2017 at 0.65 per cent (zero point six five per cent.) of the pay as referred to in… Read More »

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EPF Admin Charges Reduce from 0.85% to 0.65 % from 1st Apr 2017

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 April, 2017 at 0.65 per cent (zero point six five 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.
Further the Central Government hereby determines that no sum shall be payable for the time being by the employer in relation to his employees as the further sum payable by the employer every month to the Deposit-Linked Insurance Fund for the meeting the expenses in connection with the administration of the Employees Deposit-Linked Insurance Scheme, 1976 other than the expenses towards the cost of any benefits provided by or under that scheme. [ Read EDLI Scheme &; No Admin Expenses w.e.f 01.04.2017 ]

Notification of Reduced  EPF Admin Charges

MINISTRY OF LABOUR AND EMPLOYMENT
NOTIFICATION
New Delhi, the 15th March, 2017

S.O. 827(E).—Inexercise 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. 323(E), dated the 2nd February, 2015, 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 April, 2017 at 0.65 per cent (zero point six five 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 3 1st March, 2017 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]

R. K. GUPTA, Jt. Secy.

PDF Gazetted Notification  of Reduced  EPF Admin Charges and EDLI

pf admin charges reduced notification 2017 ,

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