EPF administrative charges reduced from 0.85% to 0.65%
Employees’ Provident Fund Organisation
Ministry of Labour & Employment, Govt. Of India
Head Office
Bhavishya Nidhi Bhawan, 14-Bhikaiji Cama Place, New Delhi-110066
No. WSU/44(2)97/Administrative Charges/33959 Dated: 22.03.2017
To
All ACCs (HQ)/ACCs (Zones) &
All RPFCs-Incharge of
Regional Offices
Ref: MoL&E Notifications No. S.0.827(E) dated 15th March, 2017 and S.0.828(E) dated 15th March, 2017
Sir/Madam,
Please find enclosed copies of notifications issued by the Ministry of Labour & Employment on the above said subject. The notifications shaHcome into force from 1st April, 2017.
2. The expenditure incurred in administering the Employees’ Provident Fund is met from the administrative and inspection charges collected from the employers of un-exempted and exempted establishments respectively. The administrative charges had been reduced from 1.10% to 0.85% with effect from 1st January, 2015
3. The Central Government, after consulting the Central Board and having regard to the resources of the Employees’ Provident Fund available for meeting its normal expenditure expenses, has further reduced the administrative charges payable by the employer for the purpose of paragraph 30 and subparagraph of (1) of paragraph 38 of EPF Scheme, 1952 at 0.65 per cent (zero point six five per cent) of the_pay vide Notification No. S.0.827(E) dated 15th March, 2017.
4. Further, the Central Government vide Notification No. S.0.828(E) dated 15th March, 2017 has determined that no sum shall be payable by the employer towards the administration of the Employees’ Deposit-Linked Insurance Scheme, 1976.
5. The Information Services Division has also been requested to bring in necessary changes in the application software.
Encl: As above
Yours faithfully,
(Sanjay Kumar)
Regional P.F. Commissioner- I(F&A)
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