What are the PF, EPF, ESI, PPF and how these can be
calculated ?
- 2 Answers
- 41366 Views
- I also Faced
- E-Mail Answers
Answer Posted / bishnu prasad dash
EPF/PF :Employee Provident Fund( provident fund ) is a
retirement benefit scheme that is available to salaried
employees.Stipulated amount (currently 12%) is deducted
from the employee's salary and contributed towards the fund.
The employer also contributes an equal amount to the fund.
PPF :The Public Provident Fund has been established by the
central government. You can voluntarily decide to open
one.The minimum amount to be deposited in this account is
Rs 500 per year. The maximum amount you can deposit every
year is Rs 70,000.
ESI: Is calculated on employees GROSS salary its also
includes Incentives & NFH (National Festival Holidays &
other Allowanes.Both Employer ( 4.75%) & Employee (1.75%)
Must contribute ESI Pay on Employee Gross Salary
| Is This Answer Correct ? | 23 Yes | 9 No |
Post New Answer View All Answers
IN EXCISE,CAN A SECOND STAGE DEALER PASSON EXCISE LIKE A FIRST STAGE DEALER?
Whether TDS is to be Deducted from Freight inward And Freight Outward?
Ware house(bldg.)taken on rent on 10.04.2009 for Rs. 25000/- P. month, till today rent is on paid, what is liability of TDS, percentage % & in which month TDS to deduct & make payment, what is intr. for late paymet how to calculat intr. from Apr. or May Or June
Hi I am Paranita, I am holding H1B visa from 15-Jan-2012 and valid for next 3 years. I have applied the visa through my a MNC from india and they commited to send me with in few days after visa approved but it is already 6 months still nothing has been materialised and no idea when there will be any USA travel processing. My question, is it advisable to leave the company and change a new one in india, and again whether the visa will valid if i will change the company and in future if i will get any project to work from USA with this visa.
can a bill discounted be endorsed without acceptance .
What stops countries from invading each other on a daily basis?
Sir, I got admission in medical college through management quota & I belongs to OBC category having caste,validity & noncreamy layer certificate,yearly income less than 4 lakh. shall I get admission fee concession & scholarship on caste basis
I have form16 of the year 2007-08 & 2008-09(INCOME LESS THAN 4.5 LAKH).Do not have form16 of 2009-10.shall I get non-creamy layer certificate
"Every contract involves an agreement but every agreement does not necessarily result in a contract" Explain.
whether non payment of due leave is unauhorised deduction from wages or not?
what inventory and depreciation methods are used in by most tax accountants?
Hi to all, i worked in TCS ( Bpo ) for 6 months & i left TCS because of my health issues and one main reason was my senior was not good, i always found myself tortured, no doubt that envoirnment of TCS is really very good, and obviously there are lots of benefits for their employees, even i spoke to my process head, my process manager, even with the process HR , i discussed on the problem i am facing and requested them to move me into other process but there is one policy is till the time i will not complete 18 months in the same process they are unable to move me into other process, and i left TCS within 6 months , i informed my seniors , HR that i am not well wont be able to continue and i need some rest, and it was BPO , i was really very disturbed putting headphones whole day , it was quite frustrating , after 1 month i had started receiving letters from tcs that i am absent from my duties and i haven't informed anyone, then i again spoke to my HR and my senior that i am no well and also shared medical certificate , but that time my HR was on 15-20 days leave, and he couldn't check my mail. after some time i have started receiving reminders that i have to report within 24 hours else they will take strict action against me, i was really very depressed because one side i was not able to continue in same process and i was getting mails on mails that i have to report and i need to continue, i was not willing to TCS, my HR was on leave, i was not aware whether he is in office or not, when i received final letter then the very same day i contacted my collegue and he told me that HR is on leave, then i forwarded the same mail with my medical to Head office ( Mumbai ), where from i was getting mails, and i got contact no of 1 HR then she said today you are responding because today u got final letter , and before that there was no information about you. then i got absconded, & i received too much letters that i am absconded and i have to pay 20k, now i am willing to join TCS , not in same process , and i am also working as a HR ,in a small firm, now pls help me and suggest me that can i join TCS again if i will clear that outstanding or is there any chance to join tcs,
do companies situauted in Union territories issue Way Bills during purchasing of chemicals?
CASE STUDY (i) A invites B to a dinner party. B accepts the invitation. A made elaborate arrangements but B failed to turn up. Can A sue B for the loss he has suffered? (ii) On the other hand, if B went to the venue for the dinner party. To his surprise he finds that no dinner Arrangement has been made. B had spent a certain amount to reach the venue. Can B sue A for the loss he (B) has suffered? (iii) A sees a rare book displayed in a shop. It is labeled “First Edition Rs.15” A enters the shop and puts Rs. 15 on the counter and asks for the book. The book- seller does not agree to sell saying that the Real price of the book is Rs.50 and that it had been marked Rs.15/- by mistake. Is the book seller Bound to sell the book for Rs.15/- (iv) On the 5th of a month A makes an offer to B by a letter which reaches B on the 6th On the 7th B posts his letter of acceptance. Meanwhile, on the 6th a posts a letter to B revoking the offer. On seeing it B sends a telegram to A on the 8th confirming the acceptance given through his letter on the 7th Discuss the legal effects of the three letters and the telegram. Note: Assignment should consist of about 200 words per case-let. I.e. totally 800 words (about 4 pages) for the Entire case study. Questions: Q1. Introduction of the subject being discussed and the principle enunciated in the Law. Q2. Enumerate the facts of the decided case on the point. Q3. Explain the decision pronounced by the Court of Law in each of these cases.
who is the law secretary?
