Reduction in Rate of Administrative Charges for Employee provident fund from 1.10% to 0.85% of the pay - S. O. 323 (E) - Indian Law

MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 2 nd February, 2015 S. O. 323 (E) - In exercise of the powers conferred by the Explanation to paragraph 30 read with paragraph 39 of the Employees' Provident Funds Scheme, 1952, and in supersession of the notification of the Government of India in the erstwhile Ministry of Labour number S.O. 1437 dated the 9th July, 1998, published in the Gazette of India, Part II, section 3, sub-section (ii) dated the 18th July, 1998, as respects things done or omitted to be done before such supersession, the Central Government, after consulting the Central Board and having regard to the resources of the Employees' Provident Fund available for meeting its normal administrative expenses, hereby fixes the administrative charges payable by the employer for the purposes of paragraph 30 and sub-paragraph (1) of paragraph 38 of the said Scheme at 0.85 per cent. (zero point eight five per cent.) of the pay as referred to in the said paragraphs subject to a minimum sum of seventy-five rupees per month for every non-functional establishment having no contributory member and five hundred rupees per month per establishment for other establishments. 2. For the removal of doubts, it is hereby notified that nothing contained in this notification shall affect the administrative charges payable in respect of the period up to and inclusive of the 31 st December, 2014 in respect of which the notification referred to in paragraph 1 herein shall continue to apply as if the same had not been superseded. [No. S-35012/01/2014-SS.II] Manish Kumar Gupta, Jt. Secy.