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Sep 21, 2022 · The government levies a tax on the employers to cover the cost of maintaining the employees' PF accounts. The sum collected as a fee is known as the Provident Fund Admin Charges or PF Admin Charges. The entire PF Basic of an employee is used as the basis for the calculation of EPF admin charges. The charge is known as PF Admin Percentage.
Apr 10, 2022 · Reduction of PF Admin Charges.pdf. 10 April 2022 06.40.44 AM Views: 934 Replies: 4 Appreciations: 1.
Sep 18, 2013 · Administrative charges are payable on pay (i.e. Basic, DA & RA) and not on PF / VPF amount. This pay on which administrative charges are payable, is a pay to other than excluded employees. This means the pay is kon which PF/VPF is deducted. You are requested to refer the explanation to Para 30 of EPF scheme. 19th September 2013 From India, Mumbai
Jun 7, 2018 · Until here everything is fine, After selecting Administrative/ Inspection Charges Challan - It opens a table with different charges particulars (Administration Charges and Inspection Charges) along with account details (A/C No 1, A/C No 2, A/C No 10, A/C No 21 and A/C No 22) of which A/C No 2 and 22 are editable.
Dec 1, 2014 · The PF admin charges are changed like EPFO fixes the administrative charges payable in Account No.II @0.85% subject to a minimum sum of Rs.500/- p.m. for establishment having contributory members and sum of Rs.75/- p.m. for every non-functional establishment having no contributory member.
Mar 31, 2023 · PF contribution by employee - 1,800 Net Salary - 33,750 Employer PF contribution - 1,950 CTC - 37,500 In my understanding employee and employers side PF contribution rate is suppose to be 12%. But they are deducting it by 13%. (12% PF + 1% admin charges) Is it right deduction or not? Please suggest. 31st March 2023
Jun 2, 2018 · The earlier administrative charge was 0.65% (until 31-May-2018). Consequently, the administrative charges to be remitted under A/C No. 2 (PF admin account) shall undergo a change. 2. In case of non-functional establishments (covered under PF) with no contributing member, an administrative charge of Rs 75 per month shall be payable.
I am sridhar have been working small organization and i would like to know about clarity of PF calculation of employee and employer 1.Calculation of admin charges and 2.calculation of EDLI and which purpose can be used 3.Recent amendment of PF and ESI and for all HR Regards/Sridhar 3rd August 2018 From United States, Huntsville
But employee wants to add voluntary PF contribution 12% on his actual basic i.e. 10000/- per month. So now admin charges will be applicable on PF Basic ceiling 6500/- or actual basic 10000/- P.F Inspector is enforcing admin charges will be applicable on actual basic i.e. 10000/- not in 6500/-.
Feb 15, 2013 · A/C 21. EDLI charges 6500 x 0.5% = 33 A/C 2. EPF Admin charges 6500 x 1.1% = 72 A/C 22. EDLI Admin charges 6500 x 0.01% = 0.65 ( Round up to Rs 1/-) ** Incase employer takes insurance from any other company then A/C 21 charges would be Nil and A/C 22 charges would be .005 % is applicable.
