Govt. reduces PF Administrative Charges Effective from Jan 2015
Reduction in Rate of Administrative Charges from 1.10% to 0.85% of the pay:
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 , Government of India, has issued a to revise of administrative charges under the Employees’ Provident Funds Scheme, 1952. The changes will be from 1 January 2015 so administration charges payable upto 31.12.2014 will be levied at old rate. of India issues
EPFO (Employees Provident Fund ) 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) member and Rs 200 for any other establishments. See more at: http://taxguru.in/corporate-law/govt-reduces-pf-administrative-charges.html#sthash.nU1F2T5J.dpuf
For more clarification kindly find below screen shot
Below is Govt notification
For more clarification below is link