Answer for Changes in Administration on P.F. w.e.f. 1st january, 2015

As per the notification no. WSU/4(2)97/Administrative Charges, dated on 02.03.2015 the rate of Administrative Charges  has been reduced to 0.85% from 1.10% of the pay w.e.f. 1st January,2015. Here pay means Basic Wages + DA + Cash Value Of Food Concession. But department has given a limit for A/C 2 (Admin Charges On PF) And A/C No 22 (Admin Charges On EDLI). 
Before Amendment
A/C No 2 :      Admin Charges On PF : 1.10% Of Basic Wages + DA + Cash Value Of Food Concession
A/C No 22 : Admin Charges On EDLI : 0.01% Of Basic Wages + DA + Cash Value Of Food Concession

After Amendment
A/C No 2 :   0.85% Subject To Minimum Rs.500
A/C No 22:  0.01% Subject To Minimum Rs.200
Now, lets look at the final figure of Charges to be paid for PF: having pay of Rs. 15000 p.m.
Employer Contribution : 8.37% to PF, 3.67% to Pension Fund, 0.85% PF Admin Charges, 0.5% EDLI Contribution and 0.01% EDLI Admin Charges.
Employee Contribution: 12% of the pay.

Published by

Shushant mallik ( Chartered Accountant & Cost Accountant )

Shushant is a Chartered Accountant and a Cost Accountant. He has secured All India Rank-34 in CMA Final Exams. He is a Financial Controller at Mount Meru Soyco Limited, Rwanda. He is a administrator of this site . In his spare time he hang out with his friends and discuss about the current issues in market. You can find his latest blog posts at and at his facebook profile.