How to calculate pf, esi, vat, sales tax etc.,
Answer Posted / bhargavi
Provident fund is calculated on basic + DA.The contribution
fromemployee part is 12% % employer is 13.70%(Including
admin charge.The amount which goes to the provident fund is
12%(Employee contribution)3.67%(Employer
contribution),8.33% will go to pension fund(EMployer
contribution,Which can be draw once afer continous
contribution of 10years)The employee eligible for pension
fund will be only after ataining afer 50years of age.
Employee State Insurance:Ia an medical insurance & Social
security provided to the employees in terms of
medical.Sickness & maternity benefits.The employees whose
gross salary is lees or equal to 15000 will come under
esi,The percentage of contribution is 1.75% will be
employee contribution & 4.75% will be employer contribution.
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