ALLInterview.com :: Home Page            
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
Google
   
 
Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (159)
 Taxation interview questions  Taxation Interview Questions (1915)
 Accounting General interview questions  Accounting General Interview Questions (2842)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4376)
Question
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?
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
pf- providend fund. esi- employee state insurance.

in the case of ESI- e'er should contribute 4.75% ofthe
basic salary of the e'ee. e'ee shoul contribute 1.75% of
the salary.
 
Is This Answer Correct ?    93 Yes 24 No
Sk
 
Answer
# 2
In the case of PF, should deduct 12% on basic and employer
also should contribute 12% of basic
 
Is This Answer Correct ?    58 Yes 15 No
Battu Murali Reddy
 
 
 
Answer
# 3
in case of PF :
total 12% (pf 3.67% and fp 8.33%)this amount is duducted of
employee salary ctc.

in case of ESIC :
employee (1.75%)
employer (4.75%)
 
Is This Answer Correct ?    26 Yes 2 No
Deepak Kumar Shah
 
Answer
# 4
PF (employer 13.61% on Basic)
PF(Employee Cont 12% on Basic)

Esi(Employer Cont 4.75%)
Esi(Employee cont1.75%)
 
Is This Answer Correct ?    28 Yes 9 No
Swapna
 
Answer
# 5
PF provident Fund, ESI - Employees state insurance.
First we have to See employee CTC. In CTC Basic amt of
12% provident fund both employee and employer contribution.

In ESI, suppose employee salary is exceeds Rs. 10,000/-.
then ESI is not applicable. If it less than Rs.10,000/-

then on gross salary 1.75% emploees contribution and 4.75%
is employer contribution.
 
Is This Answer Correct ?    21 Yes 9 No
Savithri
 
Answer
# 6
for CTC
directly @ 6.5% on gross salary for ESIC,
directly @ 25.61% on Basic salary for PF

other than CTC
For ESIC 1.75% from Employee and 4.75% from the company on
gross salary.

for PF 12% on basic salary from employee and 13.61% on basic
salary from company including admn charges.
 
Is This Answer Correct ?    24 Yes 14 No
P.subramanyeswara Rao
 
Answer
# 7
in case of pf
employer-13.61%
employee-12%

in case of esi
employer-4.75%
employee-1.75%
 
Is This Answer Correct ?    15 Yes 6 No
Divya Madhavi
 
Answer
# 8
hi
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
 
Is This Answer Correct ?    11 Yes 6 No
Milansingh
 
Answer
# 9
In Revised ESIC , it is applicable for salary upto 15000.

Employee Share:1.75%
Employer Contribution:4.75%.

But doest that mean your In hand salary will be lesser now,
than it was without ESI????


Plus, Do companies actually pay their share of 4.75% or do
they deduct it from your salary like they deduct PF from
Gross salary(Your and Comapnies share both)????
 
Is This Answer Correct ?    2 Yes 1 No
Pragya Rastogi
 
Answer
# 10
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
maximum Rs.15000.

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
 
Is This Answer Correct ?    1 Yes 0 No
Gaura Mahapatra
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
What are the taxes applicable to Diamond industries? Please let me know. Thanks.   1
what is AMC charges for the year and how to calculate end of the year i.e dec or march   2
HOW TO SOLVE T-FV-1019 Invalid File Format   1
Is here any change in excise duty in respect of supply of goods required for MSPGCL,i.e. Rs.10.30 % instead of 8.24 %.   1
what is TDS   4
I paid TDS through the bank a/c. but i entered wrong TAN no. instead of HYDC04387F I ENTERED HYDCO4378F ,and pl. tell me what can i do and how can i change TAN no.   5
what is tax rate in haryan with surchage agst D1 form , C form and full rate of tax in haryana   5
what is the tax % of contractors? vguard 9
What is the procisure of sales tax return if i want to file return what i do .   3
This is related to stock transfer to branches ( Delhi & Bangalore ) for which my branches are not able to produce form 'F' agaisnt such branch transfer, than what is my tax liablity. This issue is pertaining to 2006-07, 2007-08 & 2008-09. ABB 3
How can I calculate Depriciation on Fixed AND CURRENT ASSESTS ? Travel-Plan 4
Where does the entry of TDS payable, sale tax payable, service tax payable will appear in Balance sheet or profit or loss a/c? ABC 12
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
Copyright Policy  |  Terms of Service  |  Articles  |  Site Map  |  RSS Site Map  |  Contact Us
   
Copyright 2013  ALLInterview.com.  All Rights Reserved.

ALLInterview.com   ::  KalAajKal.com