what is pf & esic calculation on ctc how much perstange
apply from both the side ,employee as well employer we have
to deduct the employee and employer % from ctc or employer
has to pay the % of employer sepreterlyfrom his own or form
employee ctc?
Answers were Sorted based on User's Feedback
Answer / shabbaz
pf is provident fund thats been calculated as 12% is deducted from employee on basic salary and 13.61% for employer on basic salary as it includes co. adm. charges
In case of Esic means employee state insurance company
for employers = 4.75%
employees = 1.75%
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / shiwani
PF is Povident Fund and ESI is Employee State Insurance.
Take a Careful look
Suppose Yours salary is 10,000/- and you want to give the
detail of your CTC, That would be-
10,000*12=1,20,000/-
1,20,000*1.75%=2100/-(E.S.I will not be counted becoz its
not reimburse, and after 10,001/-above there will no ESI
deducted)
1,20,000*12%=14,400/-(PF amount calculated only of Employer
not yours becoz urs is included in your salary.)
now Calculate the CTC that would be:-
1,20,000+14,440=1,34,440/-
Is This Answer Correct ? | 28 Yes | 37 No |
we are registered dealer of VAT(sale tax) for different states regarding consutruction of chimney and roc, we also purchase material inter-state under cst . so, please someone help regarding VAT+VAT TDS+CST+WCT+Service tax both under composition scheme and non-composition and any related site or recommened books which one solve queies. Thank u
If concern supply garments from outside purchase to movie producer for their production then is it maintain Service Tax if yes then how and at first what steps I have to take?
How do I get a C form with the bank Guarantee?
what is the rate of (194h) TDS
What is Sale tax Assessment? When it required ? what is the basic query's to do this??????????
service tax
What is the TDS . and how can we identify this is TDS Deductable or not.
what is mean by vat (value add tax) what is that value, is it gross amount of purchase/sales, or it net of amount of pur/sales - on which it will calculated, i need with example
in the credit note vat amount is in vat on sale but next step whitch vat class is applicable input vat or out put vat ?
WHAT IS EXCISE DUTY RATE IN HARYANA for RMC
what is deemed assessee?
What is a service tax?.How to pay the service tax return?