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Categories >> Accounting >> Taxation


 Audit interview questions  Audit Interview Questions (428)
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 Taxation interview questions  Taxation Interview Questions (1899)
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4360)
How to Calculate the ESI,PF?it is basic Salary or Gross Salary?
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
# 1
ESI will be calculate on Gross Salary upto 10000/- & PF will
be calculate on Basic Salary upto 6500/-
Is This Answer Correct ?    1101 Yes 231 No
Manoj Thakur
# 2
Is This Answer Correct ?    1140 Yes 306 No
# 3
PF Is calculate the 12% of Basic Salary,ESI is Calculated
1.75 % of gross Salary.

EXP : My Salary -10,000/- ESI 1.75 % - 175 Per Month.

EXP : My Salary -6,500/- PF 12 % - 780 Per Month.

Thanking You.
Is This Answer Correct ?    396 Yes 37 No
# 4
PF will be calculated on basic of 6500/-, if basic+da is
more than 6500, we take calculation on the 6500 only of 12%,

ESI will be calculated on the gross salary of 10,000
Is This Answer Correct ?    442 Yes 91 No
# 5
esi calculate on gross salary 1.75% and pf calculate on
basic salary 12%
Is This Answer Correct ?    405 Yes 58 No
Tajinder Kaur
# 6
How to Calculate the ESI,PF?it is basic Salary or Gross
Is This Answer Correct ?    460 Yes 123 No
# 7
PF will be calculated on (basic+da), if (basic+da)is
more than Rs.6500, we take calculation on the 6500@12% i.e.
Rs. 780/- is maximum limit.
ESI calculate on gross salary is 1.75%
Is This Answer Correct ?    335 Yes 47 No
Amit Sharma
# 8
PF is calculated 12% of basic & ESI is calcucated 1.75% of
Is This Answer Correct ?    300 Yes 28 No
Tanuja Attri
# 9
Dear Friends,
PF is calculated on basic salary and it's 12% of basic.And
if basic is more than 6500 then also it is deducted 780 is
the maximum limit.
It's due to ceiling of 6500/-.
But in some firms 780/- is not limit there is deduction of
exact 12% of basic if my basic salary is 11500 then there
is deduction of 1380/-.
And in PF there is contribution from emloyer also.
If my PF is deducted 780/-then Employer will also
contribute 780/-.But whole this 780 is not going to PF
account.Out of 12% of employer contribution 8.33% is
contributed for pension scheme and 3.67% for PF.

And ESIC is calculated on gross salary.
If gross salary is more then 10000/- then the employee is
not applicable for ESIC.ESIC is deducted as 1.75% of gross
salary of employee.In ESIC also there is Employer's
contribution and it is 4.75% of gross salary.
Is This Answer Correct ?    258 Yes 29 No
Neeta Pandey
# 10
Epf Calculate Basic + Da (Min 6500, Pension Calculation Is
6500 only
ESI Calculate Gross (Washing Allowance Exempted) Min 10000/-
Is This Answer Correct ?    94 Yes 19 No

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Sir among the answers given by different persons, different answers are posted for the same question? regarding calculation of ESI & PF calculation whether on Basic or Gross salary? could u suggest the exact answer from the expert Pls.   2
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All Tax Experts We are manufacture assesses registered with the excise department or our office and works area are commercial on rent basis and lease holders charge service tax on rent or raise the invoice on same premises address can we taken credit of service tax, on input services and utilized in Cenvat Credit with Excise pls. Explain me.   2
hi,i want to kow the difference between withholding tax and service tax.what is the procedure of calclation of the two.please help.its urgent. Wipro 2
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