Answer / v.rajkumar

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 / sivaji

PF Revised (Standing orders as per notification may 2010):
Provident fund is calculated @ 12% on the basic
salary+DA+Food Allowence+Cash Allowence (Upto Rs.10000/-and
above of the limit, Company can decide i.e voluntary
provident fund more than that based on the employee ),
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.10000/-). So the aggreate 12% +
12% is remitted to the Provident fund Department

ESI As same as above notification tamilnadu : Employee
State Insurance is calculated at 1.75% on
the gross salary of the employees whose salary is below Rs.
15000/-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.

Answer / jatinder singh

PF is calculated on Basic Salary(Basic + DA). PF is not
compulsory is somebody drawn basic salry more than 6,500/-.
PF is deducted only when any establishment employed 20 or
more employee. Employee contribute 12% of there basic
salary and employer contribute 12% of the salary(i.e 8.33%
on pension fund and 3.67% on provident Fund)plus 1.10% as
admin charges and 0.5% on EDLI scheme.

ESI : ESI is compulsary for those who draw salary less than
Rs.15000 P.M(wef 2011). Employee contribute 1.75% of Gross
Salary and Employer contribute 4.75% of Gross salary.
Any further clarification contact
www.jatinder_1980@yahoo.com


With regards

Jatinder Singh

Answer / s.siva prasad

PF=12%+13.61%
ESI=1.75%+4.75%

Answer / swapna

pls mail me the percentage of new PF & ESI

Answer / shivraj yadav

PF Contribution remains same 12% from bothe the side
employer & employee, no matter whether it is below 65% or
equal to 65%.

Answer / padmini

Please let me know the salary calculation of an employee,
particularly about PF,ESI calculation

Answer / ravinder kumar jangid

PF IS PROVIDENT FUND WHICH APPLCIABEL FOR THAT PERSON WHO
IS HAVING 20 EMPOYEE IN OUR FIRM EITHER COMPANY

PF DEDUCTION RATE IS 12% FROM EMPLOYEE CONTRIBUTION AND 12%
IS EMPLOYER CONTRIBUTION

ESI RATE IS 1.75% FOR EMPLOYEE AND 4.75 FOR EMPLOYER

Answer / bhargavi

Employee state insurance is an important measure of social
security and health insurance in this country.It provides
certain cash and medical benefits to industrial employees
in case of sickness,maternity and employement injury.
The contribution payable in respect of employees shall
comprises of both employer & employees contribution at a
specified rate.the rate are reviesd at time to time
bases.Currently employees contribution is 1.75% & employers
is 4.75% from the total earnings.The employer shall pay
these above specified rate of contribution to the
corporation within 21 days of the last day of every
calender month.The rate of contribution should be filled in
challans and submit to the corporation.It has also
designated branches of state bank of india and some other
bank to collect the payment on its behalf.
Note:ESi is deducted whose gross salary is less or equal to
15000,
Provident fund.
Pf Benefits will start from the date of joining wheather
the employeees is hired in a capacity of
trainee,probationer,Contract(But if the contactor is
deducting pf the company doesnt have to deduct.
The rate of contribution is 12% of both employee & employer
share from basic+DA.
Employee share is 12%
Employer share is 3.67%9which goes to the pf account)
Employer share is 8.33%(Pension fund.Which can be drawn
only after retirement)
Apart from these the employer has to contribute admin charge
EDLI Charge=0.5%(BAsic+DA)
EPF=0.1%(BAsic+DA)
DLI=1.1%(BAsic+DA)
This contribution has to be submitted to PF office through
challans by 15th of next month(Pf cotribution made in 15-
Aug-2010 shold be remitted to pf office on 15-Aug-2010.+
grace of 5 days - maximum of 20days is given).The
contribution in challans is as follows.
Account 1=12%(employee) & 3.67%(employer)
Account 10=8.33%(Pension Fund)
Account 20=1.1%(DLI Charge)
Account 21=0.1%(EPF)
Account 22=0.5%(Admin)

Hope it would be of some use.

Thanks & Regards
Bhargavi

Answer / bhargavi

ESi Deduction is applies to those whose gross salary is
less and equal to 15000,The contribution applies to both
employee & employer,
Employee is 1.75%
Employer is 4.75%,

And in pf both Employer and employee contribution is equal
i.e. 12% on (Basic + DA). PF deducted from the salary of
particular month to be deposited by 15th of the next month
(+ grace of 5 days available – max upto 20 days).
PF deducted from July 2010 salary to be deposited on or
before 15th August, 2010.

For Employer it is mandatory to contribute to PF on (Basic
+ DA) upto Rs.6,500/-. Contribution to any amount above
that is Management policy decision .

Employees Contribution 12% Entire to PF

Employers Contribution 12%
Pension Fund 8.33% (Organisation doesn’t
have to bifurcate
PF 3.67% (PF office will
do the allocation)

Plus Employer has to pay Administrative Charges as
EDLI 0.5% of (basic + DA)
EPF Admin Chg 1.1& of (basic + DA)
DLI Admin Chg 0.01% of (basic + DA)
It is mandatory for employees completing 10 years of
service to opt for Pension.
Employee completing 10 years of service can not withdraw
entire PF (employer and employees contribution). They are
allowed to withdraw their contribution 12% and Employers
contribution of 3.67% to PF. Balance amount i.e. Employer
contribution amounting to 8.33% will be paid by way of
pension (calculation done by PF office basis no of years of
service and some ratios)i.e. will be eligible for this
amount only upon attaining retirement age,


Therefore it is advisable not to withdraw PF and continue
with the same by transferring old PF no to new employer.

Employee having less than 10 years service can withdraw
entire PF contribution (employer and employees
contribution).
Employee resigning from the organisation can transfer
his/her PF account with one organisation to another
organisation (specific forms are there, within city and
within state.


In the event of organisations merging they can apply to
Commissioner of PF with court order of merger and
resolution to that effect for continuing of one PF
registration number preferably to the place where
Registered Office is situated, and transferring of balance
of contribution from the other PF number to this number.

How PF office manages our fund

A/c 1 Provident Fund (Employer 3.67% + Employee
12%)

A/c 10 Pension (Employer 8.33%)

A/c 2 Admin charges towards A/c 1 & A/c 10
@ 1.10% on (basic + DA) of all employees
(Employer contribution)

A/c 21 Employees Deposit Link Insurance – Paid In the
event of
Employees death during service (Employer
contribution)
@ 0.50% on (basic + DA max upto 6500/-) of
all employees
i.e. total of (a+b) x 0.50%
a. Amount of Actual (Basic + DA) < 6500
b. Amount (No of employees with (Basic+DA) > 6500 x
6500)
Don’t know what happens to this amount if he
completes
The service healthy

A/c 22 Administrative charge on A/c no 21 (Employer
contribution)
@0.01% on (basic + DA max upto 6500/-)
of all employees
i.e. total of (a+b) x 0.50%
a. Amount of Actual (Basic + DA) < 6500
b. Amount (No of employees with (Basic+DA)
> 6500 x 6500)

However, if Management takes decision to contribute to PF
above Rs.6500/- then all the admin charges are calculated
as straight applicable % on employees(basic + DA)

For every deposit, withdrawal, transfer, addition,
deletion, nomination, loan against PF there are prescribed
challans and forms are available with PF office also
available on site.

PF claim gets settled within a month’s time.

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