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Categories  >>  Accounting  >>  Audit
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Taxation interview questions  Taxation Interview Questions
 Accounting General interview questions  Accounting General Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
What is Esi ,Pf,and Payroll?
 Question Submitted By :: Guest
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What is Esi ,Pf,and Payroll?
Answer
# 1
ESI:Employees State Insurance
PF:Provident Fund
PAYROLL:Range of Salary 
ESI,PF are the savings by employees as well as these are 
contributed by employers to some extent.
 
Is This Answer Correct ?    4 Yes 0 No
Lalitha
 
  Re: What is Esi ,Pf,and Payroll?
Answer
# 2
SI and PF are statutory requirement. Every company or 
institution should contribute 12% on the basic wages of the 
employees as the employer contribution apart from deducting 
the same amount from the employees salary. At the same time 
an additional 1.61% is to be contributed by the employer 
towards Administration charges, inspection charges and DLI 
charges.
Regarding ESI employer has to contribute 4.75% of the gross 
salary and 1.75% to be deducted from the employees on the 
gross salary.
Payroll is nothing but the salary details of the employees
 
Is This Answer Correct ?    0 Yes 0 No
S.koteeswaran
 
 
 

 
 
 
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