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 / sk
pf- providend fund. esi- employee state insurance.
in the case of ESI- e'er should contribute 4.75% ofthe
basic salary of the e'ee. e'ee shoul contribute 1.75% of
the salary.
| Is This Answer Correct ? | 105 Yes | 27 No |
Answer / battu murali reddy
In the case of PF, should deduct 12% on basic and employer
also should contribute 12% of basic
| Is This Answer Correct ? | 66 Yes | 19 No |
Answer / deepak kumar shah
in case of PF :
total 12% (pf 3.67% and fp 8.33%)this amount is duducted of
employee salary ctc.
in case of ESIC :
employee (1.75%)
employer (4.75%)
| Is This Answer Correct ? | 34 Yes | 3 No |
Answer / swapna
PF (employer 13.61% on Basic)
PF(Employee Cont 12% on Basic)
Esi(Employer Cont 4.75%)
Esi(Employee cont1.75%)
| Is This Answer Correct ? | 35 Yes | 10 No |
Answer / divya madhavi
in case of pf
employer-13.61%
employee-12%
in case of esi
employer-4.75%
employee-1.75%
| Is This Answer Correct ? | 18 Yes | 8 No |
Answer / savithri
PF provident Fund, ESI - Employees state insurance.
First we have to See employee CTC. In CTC Basic amt of
12% provident fund both employee and employer contribution.
In ESI, suppose employee salary is exceeds Rs. 10,000/-.
then ESI is not applicable. If it less than Rs.10,000/-
then on gross salary 1.75% emploees contribution and 4.75%
is employer contribution.
| Is This Answer Correct ? | 22 Yes | 13 No |
Answer / p.subramanyeswara rao
for CTC
directly @ 6.5% on gross salary for ESIC,
directly @ 25.61% on Basic salary for PF
other than CTC
For ESIC 1.75% from Employee and 4.75% from the company on
gross salary.
for PF 12% on basic salary from employee and 13.61% on basic
salary from company including admn charges.
| Is This Answer Correct ? | 25 Yes | 17 No |
Answer / milansingh
hi
i want to know about pf structure
my salary is 5000/- per month so can u give me the
calculation of pf after 3 years when i leave the job how
much rs. i get in pf dept.esi is not applicable to me
because our factory is out sid municipal area
| Is This Answer Correct ? | 11 Yes | 7 No |
Answer / gaura mahapatra
Pf is calculated on 12% of basic salary of employee.Both
employee and employer should pay 12% each.In which the
employee's 8.33% will go to pension scheme and remaining
3.67% added with PF account.
Plus employer will be added 12% for PF .Total is 24%.
In Revised ESIC in 2011 , it is applicable for salary
maximum Rs.15000.
Employee ESIC Share is :1.75% on gross salary.
Employer ESIC Contribution is :4.75% on gross salary.
Companies actually pay their share of 4.75% of gross
salary.. They do not deduct it from our salary.Just they are
deducting 1.75% from our gross salary
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / pragya rastogi
In Revised ESIC , it is applicable for salary upto 15000.
Employee Share:1.75%
Employer Contribution:4.75%.
But doest that mean your In hand salary will be lesser now,
than it was without ESI????
Plus, Do companies actually pay their share of 4.75% or do
they deduct it from your salary like they deduct PF from
Gross salary(Your and Comapnies share both)????
| Is This Answer Correct ? | 2 Yes | 1 No |
Hi All, I am working one company under contractual employee & My CTC is 9000 per month & take home salary is 8100, they are deducting 900/- as TDS per month on my salary, as i aware that, no TDS will be deduct below 160000 per year, can you plz post the answer or mail me on my mail id (itsaarmaan@gmail.com) (itsaarmaan@way2sms.com) Thanks in Advance to all. Hope you have correct answer & you will post as soon as possible.
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