Archive for 2018

Reduction in PF administrative charges (effective 01-June-2018)

The Ministry of Labour and Employment has reduced the PF administrative charges with effect from 01-June-2018. You can read the gazette notification here. The highlights of the notification are as follows. 1. The EPF administrative charge shall be 0.50% of the total PF wage from 01-June-2018. The earlier administrative charge was 0.65% (until 31-May-2018). Consequently, […]

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Budget FY 2018-19 – Tax on Salary

The Union Budget for FY 2018-19 was tabled in the Parliament by the Finance Minister of India on 01-Feb-2018. Here are the key proposals related to computation of tax on salary which payroll managers need to consider for FY 2018-19. 1. Tax slabs remain the same The tax rates for salaried employees below 60 years […]

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