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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1904)
 Accounting General interview questions  Accounting General Interview Questions (2830)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4369)
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
# 11
PF CALCULATE BASIC SALARY AND ESIC CALCULATE GROSS SALARY. 
Is This Answer Correct ?    77 Yes 5 No
Sanat Kumar Bid
 
Answer
# 12
ESI is calculated on the basis of Gross Salary i.e. maximum
10,000/- and PF is calculated on the basis of Basic salary
 
Is This Answer Correct ?    93 Yes 22 No
Atasi
 
Answer
# 13
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.
 
Is This Answer Correct ?    80 Yes 16 No
Pathrose Dominic
 
Answer
# 14
How to calculate Basic+DA+conveyance+medical exps+LTA. Is
there any percentage to calculate these? if yes. specify.
 
Is This Answer Correct ?    73 Yes 14 No
Savithri
 
Answer
# 15
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)
 
Is This Answer Correct ?    62 Yes 10 No
Satyajeet Dey
 
Answer
# 16
ESI CALCULATE FROM GROSS;CONTRIBUTION OF ESI
EMPLOYEE 1.75%
EMPLOYER 4.75%

PF CACULATE FROM DA,BASIC;CONTRIBUTION OF PF
EMPLOYEE 12%
EMPLOYER 13.61%
 
Is This Answer Correct ?    59 Yes 8 No
Nagaraj.p
 
Answer
# 17
ESI calculate the Gross Salary and PF Calculate the Basic
Salary
 
Is This Answer Correct ?    56 Yes 8 No
Subhash Chand
 
Answer
# 18
ESI amount for Employee on Gross Salary @ 1.75% on Rs.15000
W.E.F 01.05.2010 and Employer @ 4.75%.
PF 12% on Basic + DA for Employee and Employer Will also pay
12%, But Employer's contribution goes two ways .In this
employer contribution 3.67%
will goes to PF account rest of amount 8.33% will goes to
pension fund.EPS salary was maximum 6500/-.
 
Is This Answer Correct ?    50 Yes 4 No
V.kalyanakumar
 
Answer
# 19
basic salary 
Is This Answer Correct ?    50 Yes 14 No
Stalin
 
Answer
# 20
my basic salary is 6900
pf=12%
=828
Basic salary=6900
HRA=20%
=1380
Basic salary=6900
DA=20%
=1380
Gross salary=9660
CTC=9660
 
Is This Answer Correct ?    101 Yes 67 No
Sneh Khera
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
how i can grab more information about income tax?   1
If any person or company received the service tax amount from client and he purchase a construction equipment / commercial vehicle , than can he adjusted service tax amount which payable by him agnst excise duty of construction equipment / commercial vehicle as per following condition:- 1. if company involve in only construction activity. 2. If company involve in construction and manufacturing activity both.   1
WHAT IS MEANIN OF DEPB LICENCE UNDER IMPORT & EXPORT   4
WHAT IS THE PROCEDURE OF C-FORM ISSUES BY DEPARTMENT AND ITS VALADITY PROCEDURE   1
Exaplaine about RITC & how it calculated?   1
(1)what is last date of monthly TDS challan deposit (2) what is last date of TDS quarterly Return filling First-City 32
Can we bill to party at Delhi and ship material to Hyderabad.My company is in gujarat.If Yes.Road permit issued by Hyderabad party on who's name and who will give C form.etc.   2
is provision for bad and doubtful debts an operating cost?   2
Please tell me that what is the formula of Input tax (Vat input) disallowed in case of branch transfer? We have a branch in Delhi and H.O in Faridabad?   2
For what Purpose we should pay Profession Tax? After paying Profession Tax we can get benefit for personnel return filling? If Yes? than where?   2
what is TDS   4
if i sale goods on dt 30.06.09 but calcutta party received it on 07 july ,so the party issue to form C for which quarter   9
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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