Government reduces PF administration charges
The Government of India issues
notification No. S.O. 323(E) and S.O. 324(E) both dated 02.02.2015, on
reducing the administrative charges under the Employees’ Provident Funds
Scheme, 1952.
The Ministry of Labour and
Employment, Government of India, has issued a notification to revise the rate
of administrative charges under the Employees’ Provident Funds Scheme, 1952.
The changes will be effective from 1 January 2015 so
administration charges payable upto 31.12.2014 will be levied at old rate.
EPFO (Employees Provident Fund Organisation) has cut the
administrative fee it charges under the ambit of its social security schemes,
effective from January 1st 2015. The
administrative charges have been reduced to 0.85% of basic wage from 1.10%
as per a Labour Ministry Notification No. S.O. 323(E) and S.O. 324(E) both
dated 02.02.2015.
According to the
notification, the minimum monthly administrative charges will be Rs 25 for
every non-functional firm having no (PF) contributing member and Rs 200 for any
other establishments.
For full notification please mail @
info@globaltax.co.in
No comments:
Post a Comment