tds,pf,esi,edcation.callculation, and salary preparation

Answers were Sorted based on User's Feedback



tds,pf,esi,edcation.callculation, and salary preparation..

Answer / priya

this is caliculated at the time of salary preparations, tds
willbe deducted as per the slab limit of Grass salaray of
the employee,
PF: will be caliculated for all regular employees

Is This Answer Correct ?    8 Yes 1 No

tds,pf,esi,edcation.callculation, and salary preparation..

Answer / lakshmi

TDS: Tax deduction at source
PF : Provident fund
ESI : Employee State insurance

Is This Answer Correct ?    5 Yes 1 No

tds,pf,esi,edcation.callculation, and salary preparation..

Answer / rajendiranraje@gmail.com

EPF: EMPLLOYEE PROVIDENT FUND

Minimum amount to calculation of epf Rs.6500 for gross
amount.
formula for epf= (Basic salary+Dearness allowance)*12%
due date of epf is 15th every month, grace date is 5 days.

ESI: employee state insurance
ESI percentage is 6.5%
Employee contribution is 1.75%
Employer contribution is 4.75%
formula for employee esi= (gross amount* 1.75%)
formula for employer esi= (gross amount*4.75%)

Is This Answer Correct ?    1 Yes 0 No

Post New Answer

More Accounting General Interview Questions

hai! i am a BE(computer science) graduate with 54% of aggregate looking for bank clerk job? in interview they are asking why are you looking for a bank job and what guareente that once you are selected ? plz guide me?

0 Answers  


Is it mandatory having Knowledge of auditing to an accountant ?

5 Answers  


who is the supreme commander of Indian Armed Forces?

2 Answers  


Why some asset accounts have a credit balance?

0 Answers  


Excise rate of 2010 in haryana

1 Answers  






What is meant by partitioning?

0 Answers  


Difference between expense and expenditure ?

2 Answers  


what is deemed assesse?

1 Answers  


what is the meaning of single entery system and double entery system ?

4 Answers   Suzlon,


Tell me what are the key tasks for account executive?

0 Answers  


please explain me, if I pay salary advance 3000 to satish then how to record entry, for payment, journal, adjustment if salary is 1500/month please send me correct entry shortly

2 Answers   AAI Airports Authority Of India,


If We Purchase Service Of Bl Fees; Is It Necessary To Make Entry As XYZ Co A/c. Dr To BL Fees A/c. Or Just To Make Entry As XYZ Co A/c. Dr To Purchase A/c. Is It The Wrong In Audit Or Any Gen Check Of Entries.

2 Answers  


Categories