How to calculate pf, esi, vat, sales tax etc.,
Answer Posted / 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
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