How to Calculate the ESI,PF?it is basic Salary or Gross Salary?
Answers were Sorted based on User's Feedback
Answer / manoj thakur
ESI will be calculate on Gross Salary upto 10000/- & PF will
be calculate on Basic Salary upto 6500/-
| Is This Answer Correct ? | 1266 Yes | 308 No |
Answer / jayaram
PF Is calculate the 12% of Basic Salary,ESI is Calculated
1.75 % of gross Salary.
EXP : My Salary -10,000/- ESI 1.75 % - 175 Per Month.
EXP : My Salary -6,500/- PF 12 % - 780 Per Month.
Thanking You.
| Is This Answer Correct ? | 500 Yes | 57 No |
Answer / tajinder kaur
esi calculate on gross salary 1.75% and pf calculate on
basic salary 12%
| Is This Answer Correct ? | 449 Yes | 68 No |
Answer / shekar
PF will be calculated on basic of 6500/-, if basic+da is
more than 6500, we take calculation on the 6500 only of 12%,
ESI will be calculated on the gross salary of 10,000
| Is This Answer Correct ? | 481 Yes | 107 No |
Answer / ramesh
How to Calculate the ESI,PF?it is basic Salary or Gross
Salary?
| Is This Answer Correct ? | 482 Yes | 131 No |
Answer / amit sharma
PF will be calculated on (basic+da), if (basic+da)is
more than Rs.6500, we take calculation on the 6500@12% i.e.
Rs. 780/- is maximum limit.
ESI calculate on gross salary is 1.75%
| Is This Answer Correct ? | 359 Yes | 55 No |
Answer / tanuja attri
PF is calculated 12% of basic & ESI is calcucated 1.75% of
gross
| Is This Answer Correct ? | 319 Yes | 32 No |
Answer / neeta pandey
Dear Friends,
PF is calculated on basic salary and it's 12% of basic.And
if basic is more than 6500 then also it is deducted 780 is
the maximum limit.
It's due to ceiling of 6500/-.
But in some firms 780/- is not limit there is deduction of
exact 12% of basic if my basic salary is 11500 then there
is deduction of 1380/-.
And in PF there is contribution from emloyer also.
If my PF is deducted 780/-then Employer will also
contribute 780/-.But whole this 780 is not going to PF
account.Out of 12% of employer contribution 8.33% is
contributed for pension scheme and 3.67% for PF.
And ESIC is calculated on gross salary.
If gross salary is more then 10000/- then the employee is
not applicable for ESIC.ESIC is deducted as 1.75% of gross
salary of employee.In ESIC also there is Employer's
contribution and it is 4.75% of gross salary.
| Is This Answer Correct ? | 282 Yes | 35 No |
Answer / sanat kumar bid
PF CALCULATE BASIC SALARY AND ESIC CALCULATE GROSS SALARY.
| Is This Answer Correct ? | 121 Yes | 10 No |
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