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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (157)
 Taxation interview questions  Taxation Interview Questions (1892)
 Accounting General interview questions  Accounting General Interview Questions (2781)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
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 :: Mukesh_rathod11
I also faced this Question!!     Rank Answer Posted By  
 
  Re: 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?
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 ?    91 Yes 24 No
Sk
 
  Re: 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?
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 14 No
Battu Murali Reddy
 
 
 
  Re: 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?
Answer
# 3
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 35 No
Shiwani
 
  Re: 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?
Answer
# 4
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 13 No
P.subramanyeswara Rao
 
  Re: 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?
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
 
  Re: 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?
Answer
# 6
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
 
  Re: 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?
Answer
# 7
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 ?    10 Yes 6 No
Milansingh
 
  Re: 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?
Answer
# 8
12 %

1.7 %
 
Is This Answer Correct ?    6 Yes 9 No
Sharad
 
  Re: 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?
Answer
# 9
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
 
  Re: 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?
Answer
# 10
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
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
I want to know how to calculate service tax when I have made bill of Rs. 50000/- (Inclusive of service Tax)   3
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applicability of vat and applicability of cst in karnataka   2
i am proprioter of firm can i use my tan firm & personal   1
Any body plz guide me. I have making a invoice of 4% sales tax rate but actual rate of sales tax 5%.   1
WHICH ARE BASIC EXEMTIONS FOR TDS ON SALARY   7
Exaplaine about RITC & how it calculated?   1
if we mentioned vat 12.5% on bill then we print this bill on retail invoice or vat invoice   2
hi,i want to kow the difference between withholding tax and service tax.what is the procedure of calclation of the two.please help.its urgent. Wipro 2
how many type of tax form used for sales tax, vat,service tax, excise duty & other tax ? what is the theory of all type of taxes applied in india ?   2
can i issue tax invoice or retail invoice in case of form 38(road permit) available and tin no. applied for and tax rate CST 2% or full 12.50%(seller delhi buyer haryana)   4
WHAT IS EXCISE DUTY RATE IN HARYANA   4
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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