In a move that could substantially reduce the financial burden of around 800,000 employers, the Employees’ Provident Fund Organisation ( EPFO) is considering afurther cut in the administrative fee it charges companies. The industry has called for a reduction in the administrative fees as this is a part of the employers’ contribution towards the EPFO. The EPFO is planning to reduce the administrative fee from 0.85 per cent to 0.65 per cent of the monthly basic salary. The Union labour ministry had already reduced the administrative charges from 1.10 per cent to 0.85 per cent with effect from January this year. “As the services of EPFO improve with changing technology, acase is made out to reduce the administrative fee. We are in discussion to reduce it to 0.65 per cent of the monthly salary,” said Central Provident Fund Commissioner K K Jalan. However, the move will need the approval of EPFO’s apex decision- making body, the Central Board of Trustees ( CBT). The CBT is scheduled t