What are PF admin charges: EPF admin charges are 0.50% of total EPF wages in a month. Every employer who is contributing to employee provident fund scheme 1952 needs to pay EPF admin charges. The employer should pay these charges on or before 15th of every month. EPF admin charges are shown in account number 2 of EPF challan.
PF Challan Account Numbers
Account no 1: Employer PF contribution of 12% + Employee PF contribution 3.67%
Account no 2: PF admin charges 0.50%
Account no 10: Employer pension contribution 8.33%
Account no 21: EDLI charges 0.50%
Calculation of EPF Admin Charges in 2019
The present EPF admin charges in 2019 are 0.50% of total PF wages. PF admin charges are calculated on total EPF wages in a month.
The percentage of EPF admin charges for the last few years
|Year||EPF admin charges|
|June 2018 onwards||0.50%|
PF Admin Charges Calculation with Example
PF admin charges calculation formula = Total EPF Wages X 0.50%
For example, if the total EPF wages of an establishment in a month is 652861 Rs then the PF admin charges calculation is as follows
= 652961 X 0.50% = 3264.305 = 3265 (Round Figure)
Note: Employer should pay a minimum 500 Rs PF admin charges when the calculated PF admin charges are below 500 Rs.