Answer / arghya ghosh

Can anybody to help me to solve this problem ---
My net salary (in hand or take home) is Rs. 4000/- Any body
calculate what is my gross salary? What amount deducted
from my salary for PF & ESI? Because my office misguided me
about this information.

Answer / tejaswani

PF : Provident fund is calculated @ 12% on the basic
salary, (Basic Salary Rs.6500*12/100 = 780) which indeed is
deducted from Employee's salary and the same plus 12%
(Rs.6500*12/100=780) on the basic is contributed by the
employer. So the aggreate 12% + 12% is remitted to the
Provident fund Department and deposit 3.67% in the A/c No.1
provident fund and remaining 8.33% in A/c No.10 of Pension
fund (which is calculated on the maximum limit of PF
Rs.6500/-).

ESI : Employee State Insurance is calculated at 1.75% on
the gross salary of the employees whose salary is below Rs.
10000/-permonth (w.e.f 2008) and Employer contributes 4.75%
on the gross salary of the employee and the agreegate 1.75%
+ 4.75% is remitted to the ESI Department

Answer / vidya nand thakur

PF : Provident fund is calculated @ 12% on the basic
salary, which indeed is deducted from Employee's salary and
the same plus 12% on the basic is contributed by the
employer. So the aggreate 12% + 12% is remitted to the
Provident fund Department

ESI : Employee State Insurance is calculated at 1.75% on
the gross salary of the employees whose salary is below Rs.
10000/-permonth (w.e.f 2008) and Employer contributes 4.75%
on the gross salary of the employee and the agreegate 1.75%
+ 4.75% is remitted to the ESI Department

VAT : VAT percentage is 1, 4, 12.5%. It is a tax which is
charged on the basic value of the product by the seller
from the buyer and the same is remitted to the Sales Tax
Departement. for eg if the product value is Rs. 100 and the
tax applicable is 4%, in such case a bill is raised for Rs.
104.

SALES TAX : Same as VAT

Answer / venkatesh

After deduction of pf from Employer accountant ( i.e 8.33%)
it will be tranfered to pension fund

please give me clarify is that amount ( i.e 8.33%)can we
get after resign the company if not how many years minimum
we have to work to get pension fund

Answer / sanjeev kumar

pf is calculate on basic 12% on emplyee deduction+13.61 %
deduction is of the employer in which 12 % is deopsit in
the employee account and bal 1.61 is as administration
charges.

esi is deducted on gross salary 1.75 on employee+4.75%
dedcution is of employer.

sales tax is 4%, 12.5% on different. calcualte 4% , 12.5%
and add on the amount on your price value.

Answer / dheeraj singh

P.F. Employee's Contribution = 12% Of Basic Salary
Employer's Contribution = 13.61 % Of Baisc Salary
Total Contribution = 25.61%
Employee's A/cs = 24%
Adm.Charges = 1.61%

E.S.I.C. Employee's Contribution = 1.75% of Gross Salary
Employer's Contribution = 4.75% of Gross Salary
Total Contribution = 6.5%
VAT, 4.5% & 5% Vat Basic Value of bill.

Answer / pankaj kumar sinha

Can you pls send me full detail of ESI

Answer / ankur chavda

ASSUME THAT PRICE OF AN ARTICLE IS 100. VAT RATE IS 4% SO
TOTAL VALUE WOULD BE 104. NOW WHAT WILL BE THE PRICE OF AN
ARTICLE WHOSE TOTAL VALUE IS 5000.
CALCULATION:
104 4
5000 ? = 5000*4/104= 192 WOULD BE VAT AND REMAINING
WOULD BE COST PRICE OR SELLING PRICE WITHOUT VAT. IT WOULD
BE 4808.
ASSUMPTION:
1. THERE IS NO EXCISE AND ANY OTHER TAX IS APPLICABLE.

Answer / naga krishna

PF : Provident fund is calculated @ 12% on the basic
salary+DA+Food Allowence+Cash Allowence (Upto Rs.6,500/-and
above of the limit, Company can decide), which indeed is
deducted from Employee's salary and deposit in PF A/c No.1
and the same plus 12% on the basic is contributed by the
employer and deposit 3.67% in the A/c No.1 and remaining
8.33% in A/c No.10 of Pension fund (which is calculated on
the maximum limit of PF Rs.6500/-). So the aggreate 12% +
12% is remitted to the Provident fund Department

ESI : Employee State Insurance is calculated at 1.75% on
the gross salary of the employees whose salary is below Rs.
10000/-permonth (w.e.f 2008) and Employer contributes 4.75%
on the gross salary of the employee and the agreegate 1.75%
+ 4.75% is remitted to the ESI Department

VAT : VAT percentage is 1, 4, 12.5%. It is a tax which is
charged on the basic value of the product by the seller
from the buyer and the same is remitted to the Sales Tax
Departement. for eg if the product value is Rs. 100 and the
tax applicable is 4%, in such case a bill is raised for Rs.
104.

SALES TAX : Same as VAT

Answer / gauri

PF is calculated on salary ie-Basic,DA, Allownces.
Amount is contributed by Employee as well as by Employer @
rate 12% respectively

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