EPF Revised administrative charges from 01.06.2018 : Notification S.O. 2011(E) dated 21.05.2018

By | May 25, 2018
(Last Updated On: July 9, 2018)

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

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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