How to Calculate the ESI,PF?it is basic Salary or Gross Salary?
Answers were Sorted based on User's Feedback
Answer / rakesh yadav
ESIC is calculate 1.75% on basic but it,s calculate whenever
the basic salary is more than 3000 and PF calculate 12% or
10% on Basic salary.
| Is This Answer Correct ? | 3 Yes | 9 No |
Answer / t brahma naidu
PF IS CALCULATED ON BASIC SALARY.
ESI IS CALCULATED ON GROSS SALARY. IF GROSS SALARY IS
EXCEEDS Rs. 10000/-, THE PERSON IS NOT COMES UNDER ESI
SCHEME AND NO NEED TO PAY ESI. OTHERWISE EMPLOYER
CONTRIBUTE 1.25% AND EMPLOYEE CONTRIBUTE 4.75% ON TOTAL
GROSS SALARY.
| Is This Answer Correct ? | 4 Yes | 12 No |
esi calculate on basic salary
ex:your basic salary-9000 per monthly
ESI-9000*1.75/100=157.50
and same way PF also basic salary-9000(per monthly)
PF-9000*12/100=1080.
9000-1080=7920
| Is This Answer Correct ? | 19 Yes | 33 No |
Answer / arunkumar
ESI will be calculated 1.75% of Basic salary
PF will be calculated 12% of the basic salary
| Is This Answer Correct ? | 149 Yes | 206 No |
Answer / kasturi
HI FRIENDS...
ESI CAN BE CALCULATED ON THE BASIS OF BASIS SALARY WHICH IS
MORE THEN 10000
| Is This Answer Correct ? | 34 Yes | 107 No |
Answer / yogesh bala krishana
Pf Is Calculated 12 % On My Gross Salary and ESI Is
calculated 3.75 From My Gross salary
From Employer Side 12 % Of Pf & 1.75 % Of ESI Contribusion.
| Is This Answer Correct ? | 115 Yes | 252 No |
what is the ct-1 sale? if ct-1 bond is misplaced what is the procedure for applying for new bond.
Timings / Months to file TDS return?
what is the formula to calculate the VAT , ST,Excise payable to govt
Why service tax payable is not considered while calculating Wct Tds.
this is regarding the C form. suppose Mr A registered dealer in Haryana and Mr B registered dealer in UP and Mr A issue a Purchase Order which include 4% CST on Price to Mr B for purchasing the goods. In this scenario, is Mr A is required to issue the Form C to Mr B?
what is the difference between tcs and tds explaine?
I am a newly appointed consulting engineer to a coirporate infrastructure company.I am offered a consultation fee of Rs.!500000(fifteen lakhs) per annum. My question is for the purpose of working out the income tax what is the gross income.Is it the balance of the fee received less the service tax paid ?
Can anybody explain me entry for TDS receivable with example
what is meaning the central excise duties
in the credit note vat amount is in vat on sale but next step whitch vat class is applicable input vat or out put vat ?
CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?
EXPLAIN ABOUT TDS?