Answer / tilak.m

Gross salary for ESI calculation is BASIC+DA+HRA+OTHER
FIXED ALLOWANCE LIKE OT OR INCENTIVE. My question is after
adding OT OR INCENTIVE gross salary crosses 10,000/- should
we deduct ESI or OT OR INCENTIVE does it include in salary.

Answer / ca amit kumar srivastav

(1)
PF IS CALCULATED @ 12% ON THE BASIC+DA(UP TO Rs.6500/-)
NOTE: DA WILL BE FORM PART ONLY IF IT IS UNDER TERMS OF
EMPLOYMENT
(2)
ESIC(EMPLOYEE. CONT) IS CALULATED @ 1.75%
ESIC(EMPLOYER CONT) IS CALCULATED @ 4.75%
NOTE:IF GROSS SALARY IS UPTO RS.15000/-

Answer / sibani sahu

PF will be calculated on Basic
ESI will be calculated on Gross

Answer / jagdish singh

PF WILL BE CALCULATE ON 6500 @ 12% IF EMPLOYEE SALARY IS
MORE THAN 6500 WE NOT CHARGE ON MORE AMOUNT. ESI IS
CALCULATED ON 1.75% ON GROSS SALARY WE CAN SAY OTHER WORDS
AS 6500 + DA AND OTHER ALLOWANCE PAID BY EMPLOYER.

Answer / manish 7737865822

PF WILL BE CALCULATE @12% ON GROSS SALARY (BASIC + DA) IF
SALARY IS MORE THEN 6500 THEN WE CALCUKATE 12% ON 6500 =780
AND ESI WILL CALCULATE ON GROSS SALARY THE RATE OF ESI IS
1.75% BY EMPLOYEE AND 4.75% BY THE SIDE OF EMPLOYER
AND PF RATE IS 12% BY EMPLOYEE AND 13.61% BY EMPLOYEER
INCLUDING EMPLOYEE INSURANCE PLAN AND MPLOYEE PANSION PLAN

Answer / devendra chandra joshi

esi willbe deduct 1.75% fromemployee salary up to15000/pm
salary.pf maxmum (basic+DA)6500/pm if imployer agree pf can
deducted on higher salary.

Answer / santhosh

PF can be calculate on basic salary
ESI can be calculate on gross salary

Answer / rameshbabu

HI Frinds,

PF Salary few companies take basic+Da or on basic 12%

For Ex. My salary is 8000/- employee PF 960/- and employer
also will pay 960/-.but it is two ways.Employer pension
salary take maximium 6500/-(8.33%) that mean pension
maximum amount Rs. 541/- rest of amount will goes to PF
Rs.419/-

ESI salary is on gross 1.75% from employee side and
employer will pay on gross 4.75% that mean total 6.5%(OT
hours and Night shift allown,exmpted)

Answer / rameshbabu

ESI calculate on gross salary. That is 1.75% from emploee
and 4.75% from employer share.

PF calculate on Basic+Da or Basic 12% from employee and
employer 12%.Here employer payament goes to 2 ways one for
pension(maximum-6500/- salary @8.33%)rest of amount goes to
employer PF @3.67%.

Answer / h.r. sreepada bhagi

EPF is calculated on Basic+DA.
ESI is calculated on Gross Salary.
In both the cases Employer's and Employees' contribution
will be there.

Limits and rates may change from year to year or remain the
same for many years. E.g. In the Central Govt. budget has
proposed to increase salary limit for ESI applicability from
Rs. 10,000/- to Rs. 15,000/- w.e.f April, 2010.

For more information read 'Employees Provident Fund &
Miscellaneous Act" to know about "Employees Provident Fund"
and 'ESI Act' to know about "Employees' State insurance".
Provisions / Rules in any Statutory Act may be amended by
the government/s and this needs to be updated continuously
by reading or consulting the concerned department or
experts/consultants.

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