Dear Sir With Reference To The Circular Dated 02nd March, 2015, The EPFO Has Come Up With A Circular For Changing The Admin Charge(A/C No 2) For An Establishment From The Existing 1.10% To 0.85% Of Basic Wages + DA + Cash Value Of Food Concession, Thereby Resulting In Reduction By 25 Basis Points. The Amendment Is Made Effective From 01 Jan, 2015. As A Result Of The Amendment, The Employer Share Of PF Has Changed From 13.61% To 13.36%. However, The Department Has Set A Limit For Minimum Charges For A/C No. 2 (Admin Charges On PF) And A/C No 22 (Admin Charges On EDLI) €“ As Given Below 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 .85% Subject To Minimum Rs.500 A/C No 22:0.01% Subject To Minimum Rs.200 Category Of Establishment : Non-Functional Establishment Having No PF Member (Employee) Before Amendment A/C No 2 : Admin Charges On PF : Rs. 5 A/C No 22 : Admin Charges On EDLI Rs. 2 After Amendment A/C No 2 :Rs. 75 A/C No. 22 :Rs. 25 To Conclude, If The Amount Payable For A Month Falls Below Rs.500 (For A/C No 2) Or Rs.200 (For A/C No 22), Then Rs.500 And Rs.200 Will Be Payable In A/C No. 2 And 22, Respectively. Here how to set the amount in Tally.ERP9 Sincerely Vinod
