EPF Admin Charges are changed
EPF Admin Charges reduced and EDLI Admin Charges waived by EPFO
EPF Service(EMPLOYEE PROVIDENT FUND)
Employee Provident Fund – EPF service is one of the main platforms of savings in India for nearly all people working in Private sector Organizations.
EPF Admin Charges reduced
Expenditure incurred by EPFO in administering the Provident Fund – EPF, EDLI, etc., are met from the Admin/ Inspection charges collected from the employers. PF Admin charges have been further reduced from 0.65% to 0.5% was effective from 1 June 2018, in the case of functional/ non-functional organisations. Besides, EDLI Admin charges have already been waived w.e.f. 1 Apr. 2017.