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Categories >> Accounting >> Taxation
 


 

 
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  
 Answers were Sorted based on User's Feedback
Answer
# 1
ESI will be calculate on Gross Salary upto 10000/- & PF will
be calculate on Basic Salary upto 6500/- 

Is This Answer Correct ?    1118 Yes 235 No
manoj thakur
 
Answer
# 2
BASIC SALARY 

Is This Answer Correct ?    1144 Yes 310 No
bhanupratap
 
 
Answer
# 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 ?    400 Yes 39 No
jayaram
 
Answer
# 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 ?    448 Yes 93 No
shekar
 
Answer
# 5
esi calculate on gross salary 1.75% and pf calculate on
basic salary 12% 

Is This Answer Correct ?    409 Yes 58 No
tajinder kaur
 
Answer
# 6
How to Calculate the ESI,PF?it is basic Salary or Gross
Salary? 

Is This Answer Correct ?    462 Yes 124 No
ramesh
 
Answer
# 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 ?    338 Yes 49 No
amit sharma
 
Answer
# 8
PF is calculated 12% of basic & ESI is calcucated 1.75% of
gross 

Is This Answer Correct ?    303 Yes 28 No
tanuja attri
 
Answer
# 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 ?    259 Yes 30 No
neeta pandey
 
Answer
# 10
Epf Calculate Basic + Da (Min 6500, Pension Calculation Is
6500 only
ESI Calculate Gross (Washing Allowance Exempted) Min 10000/- 

Is This Answer Correct ?    95 Yes 19 No
sumesh
 

 
 
 
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