EPFO cuts administrative charges to 0.5 pc; firms to save together Rs 900 cr annually
Now over 5 lakh employers together would save around Rs 900 crore annually following the retirement fund body EPFO's decision to cut administrative charges, with effect from June 1, 2018
EPFO trustees had decided to cut the administrative charges to 0.50 per cent from 0.65 per cent of total wage paid by employers in its meeting on February 21, 2018. Image source: PTI