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
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%
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.
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.
ESI Calculate on Gross Salary if your Gross Salary within
10000/ pm & PF Calculate on Basic Salary.
Exp ESI: If your Gross Salary is Rs. 7500 then ESI Deducted
1.75% on Rs. 7500 = 132/-
Exp PF:If Your Basic Salary is Rs. 5000/- then PF Deducted
12% on Rs. 5000 =600/- (Both Emplyer & Emplyee 12%
contribution as per PF Scheme 1995)
PF is always 12% of Basic salary from both employee and
employeer side and 1.36 % admin charges also from
Employer's side
ESI is 1.75 % of Gross Salary From Employees side and 4.75%
from Employes side.
Hi Guys Very gud morning !!
I could see this is an excellent brain storming session.
Please permit me to contribute.
ESI - It's calculated from the basic salary.
Cieling Limit Rs.10000/-.
Employee contribution - 1.75%
Employer Contribution - 4.75%
PF - It's calculated from the basic salary and also
from the gross salary.
cieling limit Rs.6,500/-
Employee contribution -12%
Employer contribution -12%
From the Employer contribution i.e 12%
8.33% is contributed for pension scheme
3.67% for PF.
Please revert for clarifications. Thanks.
PF is calculated on Basic Salary which is of 12% both
Employee PF and Employer PF
Ex: IF Basic salary is 3,200/- the PF is =384/-
ESI is Calculated on Gross Salary which is of 1.75% as
Employee ESI and coming to Employer ESI it is of 4.75%
EX: If Gross Salary is 8,000/- then ESI 1.75% ON Gross
Salary= 140/-
In Employer PF i.e 12%. 8.33% IS Used for pension purpose
and the remaining 3.67% is for PF
ESI is calculated on the Gross salary, but if any one time
payment is done that should not be considered at the time
of ESI calculation.
PF is 12% of basic if DA is there then the (Basic+Da)*12%
is the calculation for PF.
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