what is pf & esic calculation on ctc how much perstange
apply from both the side ,employee as well employer we have
to deduct the employee and employer % from ctc or employer
has to pay the % of employer sepreterlyfrom his own or form
employee ctc?
Answers were Sorted based on User's Feedback
Answer / shabbaz
pf is provident fund thats been calculated as 12% is deducted from employee on basic salary and 13.61% for employer on basic salary as it includes co. adm. charges
In case of Esic means employee state insurance company
for employers = 4.75%
employees = 1.75%
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / shiwani
PF is Povident Fund and ESI is Employee State Insurance.
Take a Careful look
Suppose Yours salary is 10,000/- and you want to give the
detail of your CTC, That would be-
10,000*12=1,20,000/-
1,20,000*1.75%=2100/-(E.S.I will not be counted becoz its
not reimburse, and after 10,001/-above there will no ESI
deducted)
1,20,000*12%=14,400/-(PF amount calculated only of Employer
not yours becoz urs is included in your salary.)
now Calculate the CTC that would be:-
1,20,000+14,440=1,34,440/-
| Is This Answer Correct ? | 28 Yes | 37 No |
I have issued an invoice to a client in which i have charged service tax but I have not received any amount against that invoice. In this case when is service tax payable.
which within months we took service tax input. that means 3 or 6months
What is the VAT on Gold?
Tds return other than salary form.
WHAT IS TDS?SHOULD WE FILE TDS TO PURCHASE A THING .SHOULD WE PAY BOTH TDS &TCS FOR THE SAME THING
jpurnal entry for provision for taxation? mention clearly?
on which product vat 14.5% applicable in maharashtra
1 Answers Everlast Composites, Tyvek,
If I want loan upto Rs.500000/- from bank. so how much capital show in my balancesheet. please help me.
WHAT ARE SERVICE TAX RATES ON AUTOMOBILES PARTS
What is commercial tax? and what comes under commercial tax? What are the Provisions relating to it?
sir, please suggest me. If in case work contract, wct not deduct by principal contractor then what is the consequence ? I mean please clear me if the principal contractor not deduct wct then is the contractor (sub) liable to pay wct ?
For the assessment year 2011-12, ie., FY 2010-11, is there cess on TDS for Professional fees ?