How to Calculate the ESI,PF?it is basic Salary or Gross Salary?
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Answer / rakesh yadav
ESIC is calculate 1.75% on basic but it,s calculate whenever
the basic salary is more than 3000 and PF calculate 12% or
10% on Basic salary.
| Is This Answer Correct ? | 3 Yes | 9 No |
Answer / t brahma naidu
PF IS CALCULATED ON BASIC SALARY.
ESI IS CALCULATED ON GROSS SALARY. IF GROSS SALARY IS
EXCEEDS Rs. 10000/-, THE PERSON IS NOT COMES UNDER ESI
SCHEME AND NO NEED TO PAY ESI. OTHERWISE EMPLOYER
CONTRIBUTE 1.25% AND EMPLOYEE CONTRIBUTE 4.75% ON TOTAL
GROSS SALARY.
| Is This Answer Correct ? | 4 Yes | 12 No |
esi calculate on basic salary
ex:your basic salary-9000 per monthly
ESI-9000*1.75/100=157.50
and same way PF also basic salary-9000(per monthly)
PF-9000*12/100=1080.
9000-1080=7920
| Is This Answer Correct ? | 19 Yes | 33 No |
Answer / arunkumar
ESI will be calculated 1.75% of Basic salary
PF will be calculated 12% of the basic salary
| Is This Answer Correct ? | 149 Yes | 206 No |
Answer / kasturi
HI FRIENDS...
ESI CAN BE CALCULATED ON THE BASIS OF BASIS SALARY WHICH IS
MORE THEN 10000
| Is This Answer Correct ? | 34 Yes | 107 No |
Answer / yogesh bala krishana
Pf Is Calculated 12 % On My Gross Salary and ESI Is
calculated 3.75 From My Gross salary
From Employer Side 12 % Of Pf & 1.75 % Of ESI Contribusion.
| Is This Answer Correct ? | 115 Yes | 252 No |
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1 Answers India Infoline, TCS, Wipro,
Sir, We purchased coal from NCL on CST basis. An incentive is paid on the basis of performance basis of NCL. NCL Raise there incentive bill for Rs. 1000+CST2% Rs.20 Total Rs. 1020/-. But As per Our Calculation, Incentive bill should be Rs. Basic 900+18 (CST)total Rs. 918. We argue and disputed and paid only Rs. 918/- . After Some time they also agree that incentive amount should be Rs. 900+CST but Now they revised the bill like this Basic Incentive Rs. 900+CST Rs.20/- (Original Tax value). And now they are demanding C for with CST 20/- but our pleas is that we are not liable for the mistakes made by the NCL and will issue C for for Rs. 18 Only. Now They are demanding C for for difference of Rs. 2 of CST. My Question is what should be the actually value of C form for CST ie. Rs. 18 or 20. considering the fact that we accounted only rs. 918/- in books and disputed is resolved after one year for basic value.
Audit 
