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.
EPFO – 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.