How to Calculate the ESI,PF?it is basic Salary or Gross Salary?
Answer Posted / 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.
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