What are the current administrative charges for the Employees' Provident Fund as per the latest notification by the Government of India, and how do they apply to different establishments?

Created by Product Content Team, Modified on Thu, 19 Jun at 4:37 PM by Product Content Team

A provident fund is a government-mandated savings scheme designed to help employees save for retirement.

The administrative charge payable by an employer under the Employees' Provident Funds Scheme is calculated as 0.50% of the total pay on which contributions are payable. However, there is a minimum charge of:

Rs. 75 per month for establishments with no contributory members (non-functional establishments).
Rs. 500 per month for other establishments.

This charge replaces the earlier rates and is applicable to all employers covered under the EPF Scheme.

Looking for More Support?

Find answers and insights across our resources. Refer to our detailed Knowledge Base for in-depth articles, explore our practical video guides, and stay informed with our latest product updates.