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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (159)
 Taxation interview questions  Taxation Interview Questions (1917)
 Accounting General interview questions  Accounting General Interview Questions (2844)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4376)
Question
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  
 
Answer
# 1
ESI will be calculate on Gross Salary upto 10000/- & PF will
be calculate on Basic Salary upto 6500/-
 
Is This Answer Correct ?    1117 Yes 234 No
Manoj Thakur
 
Answer
# 2
BASIC SALARY 
Is This Answer Correct ?    1143 Yes 309 No
Bhanupratap
 
 
 
Answer
# 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 ?    400 Yes 38 No
Jayaram
 
Answer
# 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 ?    448 Yes 93 No
Shekar
 
Answer
# 5
esi calculate on gross salary 1.75% and pf calculate on
basic salary 12%
 
Is This Answer Correct ?    408 Yes 58 No
Tajinder Kaur
 
Answer
# 6
How to Calculate the ESI,PF?it is basic Salary or Gross
Salary?
 
Is This Answer Correct ?    462 Yes 124 No
Ramesh
 
Answer
# 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 ?    337 Yes 49 No
Amit Sharma
 
Answer
# 8
PF is calculated 12% of basic & ESI is calcucated 1.75% of
gross
 
Is This Answer Correct ?    303 Yes 28 No
Tanuja Attri
 
Answer
# 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 ?    259 Yes 30 No
Neeta Pandey
 
Answer
# 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
Sumesh
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
what are the indirect taxes? KPMG 4
WHAT IS SERVICE TAX. Dozco 15
what is general entry if CST charged on purchase of Material and if there is partly Purchase Return?   1
IN HOTEL NET SALE AMOUNT IS Rs.1000. on that service tax amount @12.36 is Rs.124 then my question is while caluculation of vat both net sales and service tax is to be taken or not TATA 2
wht do you mean by copmosition of tax   1
about E-1 Form ?   2
As I am an Individual person doing jobwork with a company name x. After doing jobwork I am going to sale the shoes in local market. Please tell what is the tax % I have to take. Whether 4% or 12.5%.   2
HOW TO SOLVE T-FV-1019 Invalid File Format   1
in L & T they asked me about service tax question in which situation when we take service from others & we paid billing amount yet we cant take credit service tax but we paid service tax on behalf of others party. L&T 1
What is VAT stands for? what kind of VAT it is? OPI-Global 6
If, we rentout our fixed asset. is this transaction appliocable to service tax   1
if a total slary of a person for year is 200000 presently then what is the income tax amount to be deducted? how should be the calculation? how the entries to be done in tally?   1
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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