How to Calculate the ESI,PF?it is basic Salary or Gross Salary?
Answers were Sorted based on User's Feedback
Answer / moinuddin khan
ESI is calculated on Gross Salary,.
PF is Calculated on Basic salary.
Both Employer and Employee will make equal contribution to PF.
PF(Basic) ESI(Gross)
Employer: 13.61% 4.75%
Employee: 12% 1.75%
| Is This Answer Correct ? | 15 Yes | 3 No |
PF Calculation shall be on Basic Of salary & ESI calculation on Gross Salary
| Is This Answer Correct ? | 14 Yes | 3 No |
Answer / pitambar sahoo
If my gross salary - 15,000.00
How to calculate PF & ESI ?
Basic salary is-6,000.00
1#calculate pf-12% on basic (6,000/100)*12=720.00
pf should be 720 deducted in every month
2#calculate ESI-1.75 % on gross salary (15,000/100)*1.75=263
Esi should be 263 deducted in every month
Esi should be applicable in <=15,000.00 on gross salary
| Is This Answer Correct ? | 19 Yes | 9 No |
ESIC calculated 1.75% of Gross salary then PF calculated 12% of Basic Salary.
| Is This Answer Correct ? | 11 Yes | 1 No |
Answer / sonu
ESI is calculted on gross salary i.e maximum salary rs 15000.00@ 1.75%
| Is This Answer Correct ? | 12 Yes | 3 No |
Answer / pijush haldar
PF calculate on Basic +DA, ( Limit 6500/- ) .There is
option if Basic and DA is 11000/- P.F. calculate 12% i.e.
1320/- but pension scheme calculate on Rs. 6500/- i.e.
maximum limit Rs. 541/-
ESIC on gross salary, limit 15000/-
If you cant understand please mail me for further details,
dont worry i will help you free of cost
( pijush_halder56@yahoo.com )
| Is This Answer Correct ? | 12 Yes | 5 No |
Answer / mohan koduri
Now the ESI gross limit is Rs.15,000 and for this gross
purpose we need to eliminate only OT portion
| Is This Answer Correct ? | 12 Yes | 6 No |
Answer / srikanth
ESI will be deducts the salary is <or= 15000, 1.75% from
employee, 4.75% from employer from gross. PF is 12% from
employee at the same employer from basic salary is maximum
6500 & valuntary deductions also accepts.
| Is This Answer Correct ? | 11 Yes | 7 No |
Answer / sandeep k kanth
Hi Friends,
Provident Fund is calculated 12 percent of Basic Salary up to 6500 by the employer and also 12 percent added by the P.F. Dept.So finally calculation is for the P.F. 12%+12% of Basic Salary.
ESI is calculated at the rate of 1.75% on the gross Salary up to 10000 salary of the employee and employers contribution is 4.75% and its aggregate is remitted to the ESI dept.
That's all i have friends,
Thanks
| Is This Answer Correct ? | 9 Yes | 6 No |
Answer / kalpna sharma
ESI means employees state insorance.if any person's gross
salary is less then 10 000 then 4.75% will give by the
employer and 1.75% will deducted from his salary for esi
account
in pf if a person is drawing his basic salary less then
6500 then 12% of his salary will deducted for his pf acount
and 12% give by the employer
| Is This Answer Correct ? | 5 Yes | 4 No |
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