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How to Calculate Salary..? What is % will be taken for Basic
Salary,DA,ALLowance,ESIC,PF,PT...Plse Clarify both side
Employer & Employee..
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Answer Posted / vv siva prasad
there is no exact limit for Basic Salary. It May be either
30%,40% or 50%. And the Same rule applies for DA, Allowance.
They might be 30% and 20% respectively.
1)ESIC Eligibility Should be upto 10000/-(Total Salary). If
exceed, He is not eligible for ESI. % of ESI = 6.5
ESI Employee Contribution 1.75
ESI Employer Contribution 4.75
2)PF eligibility Upto 6500/- (on Basic Salary). %PF = 24
PF Employee contribution =12% (8.33% EPF and 3.67 EPS)
PF Employer contribution =12%
| Is This Answer Correct ? | 9 Yes | 10 No |
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