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tds,pf,esi,edcation.callculation, and salary preparation

Answers were Sorted based on User's Feedback



tds,pf,esi,edcation.callculation, and salary preparation..

Answer / priya

this is caliculated at the time of salary preparations, tds
willbe deducted as per the slab limit of Grass salaray of
the employee,
PF: will be caliculated for all regular employees

Is This Answer Correct ?    8 Yes 1 No

tds,pf,esi,edcation.callculation, and salary preparation..

Answer / lakshmi

TDS: Tax deduction at source
PF : Provident fund
ESI : Employee State insurance

Is This Answer Correct ?    5 Yes 1 No

tds,pf,esi,edcation.callculation, and salary preparation..

Answer / rajendiranraje@gmail.com

EPF: EMPLLOYEE PROVIDENT FUND

Minimum amount to calculation of epf Rs.6500 for gross
amount.
formula for epf= (Basic salary+Dearness allowance)*12%
due date of epf is 15th every month, grace date is 5 days.

ESI: employee state insurance
ESI percentage is 6.5%
Employee contribution is 1.75%
Employer contribution is 4.75%
formula for employee esi= (gross amount* 1.75%)
formula for employer esi= (gross amount*4.75%)

Is This Answer Correct ?    1 Yes 0 No

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