PF admin charges is the contribution from employer’s end. It is calculated on the basis of your Basic+DA from your salary. The breakup of EPF contribution is different for the employee and the employer. In addition to 12% of employer PF/PS contribution, the employer also has to pay other charges. The full break-up of the percentage of contribution is as seen below:

§  Employee – 12% of Employee Provident Fund (EPF).

§  Employer –

§  3.67% into EPF

§  8.33% into EPS

§  0.5% into EDLI

§  0.50% into PF admin charges from June 2018

Note: Minimum contribution Rs. 500 or Rs. 75 for non-contribution of PF admin charges.

EPFO has reduced the administrative charges from 0.65% to 0.50% w.e.f June 1st, 2018 and waived off admin charges for EDLI scheme

PF admin charges over the years

Calculation of PF admin charges

In this example, we have considered one PF contributing employee whose

Basic+DA= 15,000.

ACCOUNTS OF PF CHALLAN

EMPLOYER CONTRIBUTION

CALCULATION

A/C no 1: PF contribution account

3.67%

15000*0.0367=550.5

A/C no 2: PF admin account

0.5%

15000*0.005=75

A/C no 10: EPS account

8.33%

15000*8.33%=1249.5

A/C no 21: EDLI account

0.5%

 15000*0.005=75

Total

 

1,950