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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (427)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1898)
 Accounting General interview questions  Accounting General Interview Questions (2809)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4359)
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 ?    76 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 ?    92 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 ?    79 Yes 15 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 ?    57 Yes 7 No
Nagaraj.p
 
Answer
# 17
ESI calculate the Gross Salary and PF Calculate the Basic
Salary
 
Is This Answer Correct ?    55 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 ?    49 Yes 4 No
V.kalyanakumar
 
Answer
# 19
basic salary 
Is This Answer Correct ?    49 Yes 14 No
Stalin
 
Answer
# 20
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
 
Is This Answer Correct ?    43 Yes 9 No
Lakshmi Prasanna
 

 
 
 
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