Interested to Buy Any Domain ? << Click Here >> for more details...
How to calculate pf, esi, vat, sales tax etc.,
- 61 Answers
- 726284 Views
- Aparna Enterprises, Cap Gemini, Genpact, Gurcharan International, HCL, Pushp Steel, Shriram, TCS, I also Faced
- E-Mail Answers
Answer Posted / nitin kumar (ghaziabad (iijt))
(A)EPF:
Now a days all the companies who emplyees 10 or more
employees should be covered under EPF ACT.
(B)Employee Contribution:
If Employee Basic (Basic means Basic + DA/VDA) is
Lesser than 6500
1) 12% on Employee Basic Salary is Mandatory
(If Employee Basic (Basic means Basic + DA/VDA) is more
than 6500)
1) There is option of exemption from PF & If
management wishes to cover
then employee shall be coverd under EPF Benefit
2) Employee contribution shall be limited upto the
basic of 6500 that is Rs 780/-
(Rs 780/- is 12% on 6500) OR
3) Employee contribution shall be coverd on full basic
no ceiling limit
(Eg. If employee basic is 10,000/- then 12% on the
basic is 1200/-)
(Employer Contribution ( Company Contribution))
If Employee Basic (Basic means Basic + DA/VDA) is
Lesser than 6500
1) 12% on Basic Salary is Mandatory ( Equal
Contribution of employee)
(If Employee Basic (Basic means Basic + DA/VDA) is more
than 6500
1) If employer decides to cover employee under EPF act
then even employer
shall contribute
2) Employer contribution shall be limited upto the
basic of 6500 that is Rs 780/-
Same contrbution as of Employee (Rs 780/- is 12% on
6500) OR
3) Employer contribution shall be coverd on full basic
no ceiling limit
(Eg. If employee basic is 10,000/- then 12% on the
basic is 1200/-)
Employer contribution shall be splitted into EPF
(8.33%) and PF (3.67%)
(if Employer contribtuion is above 780/- then 541 will go
for Pension fund &
balance for EPF)
Apart from the contribution there are additional charges
from employes
A) 1.10% as Admin charges on total wages of Employee
(Ac. No. 2)
B) 0.5% as EDLI Charges on the contribution wages (Ac.
No. 21)
C) 0.01% as EDLI Admin Charges on the contribution
wages (Ac. No. 22) or
Minimum of 5Rs
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
WHAT IS THE DIFFERED ASSET , WHAT IS THE PROVISION OF IT GIVT ME THE EXAMPLE WITH ENTERY ON MY E.MAIL sonidilip87@yahoo.com
M paying salary of Rs. 22500/-, 21500/- & 17500/- to my employees, frm June 2010. I still have not deduct TDS from their salary. I have not applied for TAN No. M also paying rent of Rs. 50,000/- pm. And also have not deducted TDS on it. What should I do now?
HOW MUCH PENALY IF SALES TAX IS NOT PAID ON DUE DATE IN HARYANA SALES TAX
if i am running a tank lorry and the income of the tank lorry comes under haryana VAT 2003?
What are the excise duties in our state?
how will one calculate TDS when the bill is with service tax (SAY an AMC bill ) and what treatment will be there when it is a rent bill with service tax. is there any rules in income tax as to deduct double taxation?? pls help with rules sir
Please guide me... We are dealing in trading of industrial material. What is the difference between importer, 1st stage dealer, 2nd stage dealer and 3rd stage dealer? Whether all of these above can pass on the excise duty to the end user. Please tell me and thanks in advance.
I have working with Rs.180000/- I want fill up itr 1st time What is process.
which form no's wiil be used for filing IT,ADVANCE TAX, TDS,VAT,CST,ST,PT,EXICE DUTY,ESI,PF?What is the Due Dates? very urgent
how to caluclate the mumbai tax with example? what is mean by credit and debit ?
WHAT WE HAVE TO IF WE MAKE A BILL 5% CST IN PLACE OF 2% CST AND DIPOSIT THE TAX
1. What is a bad credit score? 2. What does my credit score mean? 3. Can I check my Vantage credit score range online? 4. Should I have perfect credit score, that is, above 800 credit score? 5. With a 600 credit score, how to improve my credit rating score? 6. How to raise my credit score if I have 500 credit score? 7. How to increase your credit rating score quickly? 8. How can I find out my credit rating score for free? 9. Home Equity Loans ? 10. Calculate Mortgage? 11. Mortgage Payment? 12. Mortgage Payment Problems? 13. Other Mortgage Questions? 14. What is Home Loan Modification? 15. What is the entry for deprecation? 16. What is Merger? What is Acquisition? What are motive behind mergers And acquisitions? 17. What is Demat Account? what is the use of it? 18. What is EPS? 19. What is the difference between Risk, Threat & Hazard? 20. what is minority interest? 21. what is portfolio Saint? 22. What is the Difference between hire purchase and a finance Lease? 23. What is Demat Account? what is the use of it? 24. Up to what time we can show TDS Receivables under Advance Income Tax A/c? 25. WHAT IS PROSPECTUS? 26. WHO ARE THE PROMOTERS? 27. WHAT IS DERIVATIVE? 28. WHAT IS A SHARE? 29. WHAT IS PORTFOLIO MANAGEMENT? 30. What is Accounting? 31. Re: what is the entry for rent paid to company, provision for taxes in your books? BY RENT PAID A/C DR. TO TDS ON RENT A/C CR TO CASH/BANK A/C CR 1. What is dishonor check? 2. New emlpoyee was joined on 15th Jan and salary paid on 28th Feb amt of Rs.20000/- and asked to give the Journal entry for the Month of Jan, Fed and March (His Monthly Salary is Rs.8000/-) ? 3. I KNOW THAT INSURANCE CHARGES ON PURCHASE OF VEHILE (LIGHT/HEAVY VEHICLES)HAS BEEN CAPITALISED OR NOT.? 4. Expand---------SDRT? 5. What is difference between profit, revenue? 6. why balance sheet should tally? 7. What is BRS? What is the use of BRS? 8. Please let me know the journal entry for the below. "A" paid Rs.100 to "C" on behalf of "B"? 9. what is purchase consideration? 10. expand P P Division ? 11. Stale Cheque entry in the books & when it reissued again then Entry in the books.? 12. what is cost accounting ? 13. what is mean by credit purchase? 14. WHAT IS THE MEANING OF BLUE CHIP COMPANY? 15. what is buy back of share & why a company go for it? 16. What is the types of accounts & it's rules ? 17. what is reconciliation ? 18. EXPAND______________RTA? 19. what is depreciation? 20. EXPAND______________IDBI? 21. what is difference between nominal and real account ? 22. what is the concept of finance accounting?
Please let me know the depreciation rates.... com 2011-12.... Vechicle - Computer - Furniture - Tel instrument -
How to adjustment of CST ? and also tell me about C-Form affairs ?
can i adusted our vat credit in W.C.T. payable?
