Answer / stalin

basic salary

Answer / vishal sharma

PF is always 12% of Basic salary from both employee and
employeer side and 1.36 % admin charges also from
Employer's side
ESI is 1.75 % of Gross Salary From Employees side and 4.75%
from Employes side.

Answer / dinesh kumar pathak s

ESI is calculated on the Gross salary, but if any one time
payment is done that should not be considered at the time
of ESI calculation.

PF is 12% of basic if DA is there then the (Basic+Da)*12%
is the calculation for PF.

Answer / iyanar v

HI FRIENDS,

ESIC - Gross salary is more then 10000/- Then the employee is not applicable for esi

Employee contribution - 1.75%
Employer Contribution - 4.75%

EPF - pf Calculate Basic + Da (Min 6500, Pension Calculation Is 6500 only
Employee contribution -12%
Employer contribution 8.33% is pension scheme,
3.67% for PF.
THANK YOU.

Answer / shahabuddin

ESI will be calculate on Gross Salary upto 10000/- & PF will
be calculate on Basic+ D.A Salary

Answer / dolly jain

ESIC will be calculate on gross salary employee share is
1.75% & employer share is 4.75% upto 10,000 Rs. but from 01-
may-2010 the esic deduction limit is 15,000.

Pf will be calculate on Basic+D.A. employee share is 12%
and employer share is also 12% but the total administ.chgs
is 1.61% which is bear by the company so now the employer
share of pf is 13.61 %, But the pf deduction limit is
complusory on 6500 wages. If any employee's wages is 8000
and he want to deduct his pf so it is opional.

Answer / mohan krishna

Esi Calculated on gross Salary upto 15,000rs.
PF is contribution of employee 12% of basic salary.

Answer / madhusmita pal

Hi friends!
After viewing the very good efforts from your side I think
I should also contribute something.
Well...

Any organization having minimum 10 employees, PF
registration is must and less than that the company will go
for a volunteer registration.

PF (Provident Fund)can be calculated on 12% of Basic+DA.
for example: If Basic+DA=6500/-
Then 12% of 6500=780/- can be deducted

Both employer and employee contribute 12% for PF.
From 12% of employer's contribution 8.33% goes for EPS
(Employee Pension Scheme) & 3.67% goes for EPF (Empoyee
Provident Fund).

And the Basic+DA should not exceed standard basic
i.e.,6500/- per month for employer's contribution of 12%.

If it exceeds then the employer can take exemption on his
whole 12% contribution.But in some cases the companies opt
to contribute but the contribution should be restricted to
12% of 6500/- (standard basic) only.

But the employee contribution of 12% is based on actual
Basic+DA.
For example: If Basic+DA=7000/- (exceeds standard basic of
6500/-)
Then, Employer's 12% contribution is
calculated on 6500/- (standard basic)
& employee's 12% calculation is calculated on
7000/- (actual basic)


And ESI (Employee State Insurance)is deducted every month
for employees, whose gross salary is not more than 10,000/-
Employee's contribution=1.75% of gross salary
Employer's contribution=4.75/% of gross salary

Answer / monica akhade

My gross salary is Rs. 12000/- What should be my basic ?
What percentage of gross salary will be basic? Please guide

Answer / srikant barick

1. ESI calculate on gross slary
2. ESI will deducted if gross salary is 10,000.00 or less.
3. ESI 1.75% deduct from employees salary & employer
contribution is 4.75%
4. PF claculate on both total of basic salary & DA
5. PF will deducted if both basic & DA is 7,500.00 or less
6. if employee want to deduct voluntaryly no limit of basic
& DA salary.
7. PF 12% deduct from employees salary & employer
contribution is 13.61%

Correct Journal Entry of PF & ESI

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