What are Admin Charges in EPF calculations?
Admin charges refer to the administrative fees imposed by the Employees’ Provident Fund Organization (EPFO) in India. These charges are levied on employers to cover the administrative expenses incurred by the EPFO in managing the EPF scheme. Currently, the admin charges are 0.50% of the PF wage. The minimum monthly fee is Rs. 75 for businesses with no contributing members, and Rs. 500 for all other businesses.