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Question
`HOW TO CALCULATE PF, ESI, VAT, SALES TAX ETC.,`
Question Submitted By :: Priya
I also faced this Question!!     Rank Answer Posted By

Re: HOW TO CALCULATE PF, ESI, VAT, SALES TAX ETC.,
# 1
PF : Provident fund is calculated @ 12% on the basic
salary, which indeed is deducted from Employee's salary and
the same plus 12% on the basic is contributed by the
employer. So the aggreate 12% + 12% is remitted to the
Provident fund Department

ESI : Employee State Insurance is calculated at 1.75% on
the gross salary of the employees whose salary is below Rs.
10000/-permonth (w.e.f 2008) and Employer contributes 4.75%
on the gross salary of the employee and the agreegate 1.75%
+ 4.75% is remitted to the ESI Department

VAT : VAT percentage is 1, 4, 12.5%. It is a tax which is
charged on the basic value of the product by the seller
from the buyer and the same is remitted to the Sales Tax
Departement. for eg if the product value is Rs. 100 and the
tax applicable is 4%, in such case a bill is raised for Rs.
104.

SALES TAX : Same as VAT

 Is This Answer Correct ? 1121 Yes 119 No
Aloysius Suresh

Re: HOW TO CALCULATE PF, ESI, VAT, SALES TAX ETC.,
# 2
PF : Provident fund is calculated @ 12% on the basic
salary, which indeed is deducted from Employee's salary and
the same plus 12% on the basic is contributed by the
employer. So the aggreate 12% + 12% is remitted to the
Provident fund Department

ESI : Employee State Insurance is calculated at 1.75% on
the gross salary of the employees whose salary is below Rs.
10000/-permonth (w.e.f 2008) and Employer contributes 4.75%
on the gross salary of the employee and the agreegate 1.75%
+ 4.75% is remitted to the ESI Department

VAT : VAT percentage is 1, 4, 12.5%. It is a tax which is
charged on the basic value of the product by the seller
from the buyer and the same is remitted to the Sales Tax
Departement. for eg if the product value is Rs. 100 and the
tax applicable is 4%, in such case a bill is raised for Rs.
104.

SALES TAX : Same as VAT

 Is This Answer Correct ? 521 Yes 88 No
Divakaran

Re: HOW TO CALCULATE PF, ESI, VAT, SALES TAX ETC.,
# 3
pf calculated on salary but here salary= basic
salary+d.a+cash allowance + anr reteirning allowance

 Is This Answer Correct ? 186 Yes 220 No
Prakash

Re: HOW TO CALCULATE PF, ESI, VAT, SALES TAX ETC.,
# 4
PF : Provident fund is calculated @ 12% on the basic
salary+DA+Food Allowence+Cash Allowence (Upto Rs.6,500/-and
above of the limit, Company can decide), which indeed is
deducted from Employee's salary and deposit in PF A/c No.1
and the same plus 12% on the basic is contributed by the
employer and deposit 3.67% in the A/c No.1 and remaining
8.33% in A/c No.10 of Pension fund (which is calculated on
the maximum limit of PF Rs.6500/-). So the aggreate 12% +
12% is remitted to the Provident fund Department

ESI : Employee State Insurance is calculated at 1.75% on
the gross salary of the employees whose salary is below Rs.
10000/-permonth (w.e.f 2008) and Employer contributes 4.75%
on the gross salary of the employee and the agreegate 1.75%
+ 4.75% is remitted to the ESI Department

VAT : VAT percentage is 1, 4, 12.5%. It is a tax which is
charged on the basic value of the product by the seller
from the buyer and the same is remitted to the Sales Tax
Departement. for eg if the product value is Rs. 100 and the
tax applicable is 4%, in such case a bill is raised for Rs.
104.

SALES TAX : Same as VAT

 Is This Answer Correct ? 271 Yes 59 No
Hareesh Bhatt

Re: HOW TO CALCULATE PF, ESI, VAT, SALES TAX ETC.,
# 5

i have to request to you I want full Information for all
Ie., Calculate Provident fund , ESI, Vat, TDs, Service Tax.

 Is This Answer Correct ? 270 Yes 55 No
Sreedhar

Re: HOW TO CALCULATE PF, ESI, VAT, SALES TAX ETC.,
# 6
i dont know how to calclute based on that vat ps esi vat
sales tax i need to know

 Is This Answer Correct ? 121 Yes 59 No
Venkat

Re: HOW TO CALCULATE PF, ESI, VAT, SALES TAX ETC.,
# 7
PF : Provident fund is calculated @ 12% on the basic
salary+DA+Food Allowence+Cash Allowence (Upto Rs.6,500/-and
above of the limit, Company can decide), which indeed is
deducted from Employee's salary and deposit in PF A/c No.1
and the same plus 12% on the basic is contributed by the
employer and deposit 3.67% in the A/c No.1 and remaining
8.33% in A/c No.10 of Pension fund (which is calculated on
the maximum limit of PF Rs.6500/-). So the aggreate 12% +
12% is remitted to the Provident fund Department

ESI : Employee State Insurance is calculated at 1.75% on
the gross salary of the employees whose salary is below Rs.
10000/-permonth (w.e.f 2008) and Employer contributes 4.75%
on the gross salary of the employee and the agreegate 1.75%
+ 4.75% is remitted to the ESI Department

VAT : VAT percentage is 1, 4, 12.5%. It is a tax which is
charged on the basic value of the product by the seller
from the buyer and the same is remitted to the Sales Tax
Departement. for eg if the product value is Rs. 100 and the
tax applicable is 4%, in such case a bill is raised for Rs.
104.

SALES TAX : Same as VAT

 Is This Answer Correct ? 130 Yes 25 No
Suchit

Re: HOW TO CALCULATE PF, ESI, VAT, SALES TAX ETC.,
# 8
VAT : VAT percentage has been changed in terms of
Vat2.5%. And the product Value is MRP, that meanse the rate
is inclussive of all taxes. If the product Value is 100 MRP
and Vat Rate is 5%, then the nit rate will be 95.24 + 5%
Vat.
If the Product value is not MRP, you can raise the bill for
Rs.105. is 100+5% vat

And Vat is applicable only in Inter State Sales and for
Sale to Outside States CST (Central Sales Tax ie. @%) is
applicable.

 Is This Answer Correct ? 90 Yes 36 No
Rajesh Diwan

Re: HOW TO CALCULATE PF, ESI, VAT, SALES TAX ETC.,
# 9
pf is calculated @ 12% in basic + DA
 Is This Answer Correct ? 146 Yes 48 No
Shabbeer Basha

Re: HOW TO CALCULATE PF, ESI, VAT, SALES TAX ETC.,
# 10
ESI is calculated @1.75% on gross salary & 4.75% on gross
salary for the employee & employer share respectively.

 Is This Answer Correct ? 161 Yes 30 No
Raju

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