Swami Ayyappa Nuli (TAX ADVISOR & CONSULTANT AT G.S.T SUVIDHA CENTER) (1372 Points)
25 December 2013As we have a provision that minimum administration charges for epf and edli are rs 5 and rs 2 per month.is such minimum charges are for each employee i.e for each member of PF fund or as a whole for month?
jakson
(Accountant)
(41 Points)
Replied 15 January 2014
I agree with you about minimum administration charges. Now Employees' Provident Fund scheme is 1.10% of total wages on which Provident Fund is recovered subject to a minimum of Rs. 5/- shall be payable by the employer every month .
Thanking you..
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