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
PF CALCULATE BASIC SALARY AND ESIC CALCULATE GROSS SALARY.
Sanat Kumar Bid
ESI is calculated on the basis of Gross Salary i.e. maximum
10,000/- and PF is calculated on the basis of Basic salary Atasi
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. Pathrose Dominic
How to calculate Basic+DA+conveyance+medical exps+LTA. Is
there any percentage to calculate these? if yes. specify. Savithri
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) Satyajeet Dey
ESI CALCULATE FROM GROSS;CONTRIBUTION OF ESI
PF CACULATE FROM DA,BASIC;CONTRIBUTION OF PF
EMPLOYER 13.61% Nagaraj.p
ESI calculate the Gross Salary and PF Calculate the Basic
Salary Subhash Chand
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/-. V.kalyanakumar
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
In Employer PF i.e 12%. 8.33% IS Used for pension purpose
and the remaining 3.67% is for PF Lakshmi Prasanna