what is pf and esi?what are all the shemes available to an
employee in both?
Answer / sunil tyagi
p.f. celling limit is Rs.6500 and e.s.i. celling limit
isRs. 15000. Both scheme available to every emplooyee.
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PF calculations taken like this below example Basic [3000]+ DA [2500]+ HRA [2200]+ Other Allow.[2000]= Gross [9700] PF 12% = Basic[3000] + DA[2500]= 660 or 12% of the 60% of the Gross Salary Gross Salary(9700x60%)x 12%)= 698 In both of the two amount, PF is taken in whichever is higher? That is PF = 698
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