How to Calculate the ESI,PF?it is basic Salary or Gross Salary?
Answer Posted / prabhakar
Gud Day one and all who are viewing this Message:
Its a very great oppurtunity to share my views who are
viewing this message.
.PF WILL BE Calculated 12% on Basic Salary+DA taking Slab
of 6500/- and the amount will be 780/-.(ie even if the
basic salary is 10000/- also for the calculation 6500/-
will take the slab of ie 780/- P.M.)and the Employer will
pay remaining 13.61% for our account.
Brief DISCRIPTION IS GIVEN bELOW
Employee Contribution --12% from Basic Salary+DA his pf
account.
EMPLOYER cont-8.33% to Pension Scheme.
Employer Cont-3.67% to PF Cont
PF ADMIN cHARGES-1.10%
EDLI Cont-0.50%
EDLI Admin-1.01% or 2/- which ever is high.
(EMPLOYER IS PAYING 13.61% ON OUR BE-HALF TO PF OFFICE)
NOTE : Admin Charges will not be recovered.
For Claimimg Dues--Form 19 hav to be Submitted by the
emplyee through employer.
But in Some Companys PF Will be calculated on what ever is
the basic salary @ 12% on basic (here is no ceiling taken
into Consideration)
ESI :
1.75% EMPLOYEE CONT FROM GROSS SALARY.
4.75% EMPLOYER CONT From Gross Pay.
Here every Company will take the Slab of 10,000/- Gross
Salary.If an employee salary is above 10000/- gross he need
not to pay ESI and he will be eligible for Sick Leaves.
Note: If an employee salary is raised above the Slab he
must pay the Contribution for that month also and he will
be eligigle for esi benefit for that continuing
contribution period.
Regards,
Please give me some suggestions if any(There ere some more
details about EDLI Let me open those further)
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