Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new

 Categories >> Accounting >> Taxation

 Audit Interview Questions (428) CompanyAffairs CS Interview Questions (158) Taxation Interview Questions (1899) Accounting General Interview Questions (2810) Accounting AllOther Interview Questions (4360)
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

# 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
BASIC SALARY
 Is This Answer Correct ? 1140 Yes 306 No
Bhanupratap

# 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
Jayaram

# 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
Shekar

# 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
Salary?

 Is This Answer Correct ? 460 Yes 123 No
Ramesh

# 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
gross

 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
Sumesh