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Archive for April, 2017

On fake receipts, forged signatures and travelling at the speed of light

April is a relaxed month for payroll folks like us. A much needed quiet period after the hustle and bustle of the last quarter (Jan to Mar) when we put in significant efforts for year-end activities such as investment proof scrutiny and income tax finalization. Pouring over rent receipts, home-loan interest certificates, leave travel bills […]

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Reduction in PF administrative charges

The Ministry of Labour and Employment has reduced the PF administrative charges with effect from 01-Apr-2017. You can read the gazette notification here. The highlights of the notification are as follows. 1. The EPF administrative charge shall be 0.65% of the total PF wage from 01-Apr-2017. The earlier administrative charge was 0.85% (until 31-Mar-2017). Consequently, […]

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