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

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.

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