The government maintains the Provident Fund (PF) account of all the employees. As the maintenance fees of the employees' PF accounts, the government charges a certain amount from the companies. The amount charged is called PF Admin charges or the Provident Fund admin charges.
PF admin charges are calculated as a percentage of the employees' total PF Basic. The percentage charged is called PF Admin percentage.
Table1: Summarized Table for PF rates
Related Links:
- Documentation Page - To learn more about PF charges, click here.
- Product Update - To read our product update, click here.