How to Calculate the ESI,PF?it is basic Salary or Gross Salary?
Answer Posted / pathrose dominic
Hi Guys Very gud morning !!
I could see this is an excellent brain storming session.
Please permit me to contribute.
ESI - It's calculated from the basic salary.
Cieling Limit Rs.10000/-.
Employee contribution - 1.75%
Employer Contribution - 4.75%
PF - It's calculated from the basic salary and also
from the gross salary.
cieling limit Rs.6,500/-
Employee contribution -12%
Employer contribution -12%
From the Employer contribution i.e 12%
8.33% is contributed for pension scheme
3.67% for PF.
Please revert for clarifications. Thanks.
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