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
i want to know about pf structure
my salary is 5000/- per month so can u give me the
calculation of pf after 3 years when i leave the job how
much rs. i get in pf dept.esi is not applicable to me
because our factory is out sid municipal area
Pf is calculated on 12% of basic salary of employee.Both
employee and employer should pay 12% each.In which the
employee's 8.33% will go to pension scheme and remaining
3.67% added with PF account.
Plus employer will be added 12% for PF .Total is 24%.
In Revised ESIC in 2011 , it is applicable for salary
Employee ESIC Share is :1.75% on gross salary.
Employer ESIC Contribution is :4.75% on gross salary.
Companies actually pay their share of 4.75% of gross
salary.. They do not deduct it from our salary.Just they are
deducting 1.75% from our gross salary
if there is no express contract between parties,but makes
no. of payments to a particular party and those payments
exceeds the limits prescribed(i.e 20000 or 50000 as the
case may be)is tds applicable for the same?