bibleHR

Proposal to fix 10% of wages for PF contribution

Update: Proposal has been declined by the EPFO board. Employees Provident Fund Organisation’s trustees may approve a proposal today to reduce the mandatory Provident Fund contributions to 10 % for employers as well as employees. Currently, employers and employees contribute 12 % of wages Employees Provident fund scheme. The proposal to reduce the provident fund […]

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bibleHR

PF Administrative Charges Reduced to 0.65% from 0.85%

Ministry of Labour and Employment decided to reduce PF administrative charges payable by employers. As per gazette notification issued on 15th March, 2017 new rate of contribution towards PF administrative charges will 0.65% of total EPF wages of an employee. It is also decided not to collect Administrative charges towards EDLI contributions. “the Central Government, […]

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