How to calculate pf, esi, vat, sales tax etc.,

Answer Posted / bhargavi

Provident fund is calculated on basic + DA.The contribution
fromemployee part is 12% % employer is 13.70%(Including
admin charge.The amount which goes to the provident fund is
12%(Employee contribution)3.67%(Employer
contribution),8.33% will go to pension fund(EMployer
contribution,Which can be draw once afer continous
contribution of 10years)The employee eligible for pension
fund will be only after ataining afer 50years of age.

Employee State Insurance:Ia an medical insurance & Social
security provided to the employees in terms of
medical.Sickness & maternity benefits.The employees whose
gross salary is lees or equal to 15000 will come under
esi,The percentage of contribution is 1.75% will be
employee contribution & 4.75% will be employer contribution.

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

due date for issue of C form, if c form is not issue what will be the consequences

3337


DEFINATION OF INCOME TAX , WEALTH TAX , INDIRECT TAX ,DITECT TAX , AND CORPORATE TAX ?

2852


What we mean by MAT Credit Entitlement ???

6691


how to calculate entry tax interest rate 2011-2012 assessment pending amt. is Rs.32000

1678


What items fall under the category of ‘securities’?

617






What is means by Central Excise ? How to calculate Central Excise ? Central Excise form No. is ?

1780


how to calculate service tax on tds

1788


I am working at Himachal Pradesh, let me know cant i adjust entry tax in vat? if no then why or yes, please exlain.

1681


I have a plot at Visakhapatnam. I have entered into a contract with a builder which enables him to construct 10 flats on the plot and builder and myself will share 50:50 of the constructed area. i.e. builder will get 5 and i will get 5 flats. Builder is not paying me any other consideration apart from 5 flats. Kindly clarify as to whether any servive tax is applicable and payable by me ?- kgr varma

1571


When & how vat audit takes Place in haryana. Is Scrutiny & vat audit is same?

3625


Pls can you write briefly about procedure of Auditing of VAT, Service Tax and Central Excise?

1607


what is rules of taxation

1663


HOW MUCH PENALY IF SALES TAX IS NOT PAID ON DUE DATE IN HARYANA SALES TAX

1676


What is the difference between excise & service tax?

610


How Many Category of VAT in West Bengal

1422