13 August, 2018
By way of a notification bearing number S.O. 2011 (E), dated May 21, 2018, issued by the Ministry of Labour and Employment, the Central Government has fixed the administrative charges payable by the employer under the Employee’s Provident Funds Scheme, 1952 at 0.50%, subject to a minimum of . 500 per month for every establishment and . 75 for a non-functional establishment, i.e., an establishment having no contributory member.
This notification is effective from June 1, 2018. It was further clarified that the administrative charges payable in respect of the period up to May 31, 2018 i.e. 0.65%, would continue to apply until June 1, 2018.
For further information, please contact:
Zia Mody, Partner, AZB & Partners
zia.mody@azbpartners.com
