How to Calculate the ESI,PF?it is basic Salary or Gross Salary?
Answers were Sorted based on User's Feedback
Answer / atasi
ESI is calculated on the basis of Gross Salary i.e. maximum
10,000/- and PF is calculated on the basis of Basic salary
| Is This Answer Correct ? | 155 Yes | 49 No |
Answer / sumesh
Epf Calculate Basic + Da (Min 6500, Pension Calculation Is
6500 only
ESI Calculate Gross (Washing Allowance Exempted) Min 10000/-
| Is This Answer Correct ? | 133 Yes | 36 No |
Answer / pathrose dominic
Hi Guys Very gud morning !!
I could see this is an excellent brain storming session.
Please permit me to contribute.
ESI - It's calculated from the basic salary.
Cieling Limit Rs.10000/-.
Employee contribution - 1.75%
Employer Contribution - 4.75%
PF - It's calculated from the basic salary and also
from the gross salary.
cieling limit Rs.6,500/-
Employee contribution -12%
Employer contribution -12%
From the Employer contribution i.e 12%
8.33% is contributed for pension scheme
3.67% for PF.
Please revert for clarifications. Thanks.
| Is This Answer Correct ? | 126 Yes | 31 No |
Answer / savithri
How to calculate Basic+DA+conveyance+medical exps+LTA. Is
there any percentage to calculate these? if yes. specify.
| Is This Answer Correct ? | 85 Yes | 17 No |
Answer / satyajeet dey
ESI Calculate on Gross Salary if your Gross Salary within
10000/ pm & PF Calculate on Basic Salary.
Exp ESI: If your Gross Salary is Rs. 7500 then ESI Deducted
1.75% on Rs. 7500 = 132/-
Exp PF:If Your Basic Salary is Rs. 5000/- then PF Deducted
12% on Rs. 5000 =600/- (Both Emplyer & Emplyee 12%
contribution as per PF Scheme 1995)
| Is This Answer Correct ? | 78 Yes | 15 No |
Answer / nagaraj.p
ESI CALCULATE FROM GROSS;CONTRIBUTION OF ESI
EMPLOYEE 1.75%
EMPLOYER 4.75%
PF CACULATE FROM DA,BASIC;CONTRIBUTION OF PF
EMPLOYEE 12%
EMPLOYER 13.61%
| Is This Answer Correct ? | 76 Yes | 13 No |
Answer / subhash chand
ESI calculate the Gross Salary and PF Calculate the Basic
Salary
| Is This Answer Correct ? | 70 Yes | 11 No |
Answer / v.kalyanakumar
ESI amount for Employee on Gross Salary @ 1.75% on Rs.15000
W.E.F 01.05.2010 and Employer @ 4.75%.
PF 12% on Basic + DA for Employee and Employer Will also pay
12%, But Employer's contribution goes two ways .In this
employer contribution 3.67%
will goes to PF account rest of amount 8.33% will goes to
pension fund.EPS salary was maximum 6500/-.
| Is This Answer Correct ? | 61 Yes | 5 No |
Answer / sneh khera
my basic salary is 6900
pf=12%
=828
Basic salary=6900
HRA=20%
=1380
Basic salary=6900
DA=20%
=1380
Gross salary=9660
CTC=9660
| Is This Answer Correct ? | 120 Yes | 70 No |
Answer / lakshmi prasanna
PF is calculated on Basic Salary which is of 12% both
Employee PF and Employer PF
Ex: IF Basic salary is 3,200/- the PF is =384/-
ESI is Calculated on Gross Salary which is of 1.75% as
Employee ESI and coming to Employer ESI it is of 4.75%
EX: If Gross Salary is 8,000/- then ESI 1.75% ON Gross
Salary= 140/-
In Employer PF i.e 12%. 8.33% IS Used for pension purpose
and the remaining 3.67% is for PF
| Is This Answer Correct ? | 49 Yes | 11 No |
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