a) what are the rate of employees & company's contribution
for PF & ESIC?
b) what is the ceiling in case of ESI deductions?
c) what are the due dates for paying ESI/PF
Answers were Sorted based on User's Feedback
Answer / k.venkatesh
SIR,
PF EMPLOYEE CONTRIBUTION 12%
PF COMPANY CONTRIBUTION 12%
AND ESI
ESI EMPLOYEE CONRIBUTION 1.75%
ESI COMANY CONTRIBUTION 4.75
REG
VENKATESH
| Is This Answer Correct ? | 50 Yes | 14 No |
P.F. Employee Contribution is 12% on Basic Wages
P.F. Employer Conbtribution is 12% on Basic Wages
Admn. Charges @ 1.61% on Basic Wages which should be borne
by Employer.
Altogether total P.F. contributions to be deposited will be
25.61% incl. Admn. Charges on Basic Wages and to be
deposited before 15th of suceeding month.
ESI will be applicable to all the employees whose gross
salary is Rs.10000/- below. Employee cont. is 1.75% and
Employer Cont. is 4.75% and the same to be deposited in ESI
before 15th of suceeding month
| Is This Answer Correct ? | 34 Yes | 11 No |
Answer / vinay kumar kharbanda
Basic Ceiling is Rs.6500/- for PF i.e.higher basic salary
will not be considered.
PF contribution by Employee is @ 12% of Basic salary
PF contribution by Employer is @ 12% of Basic Salary
Admin.Charges @ 1.61% of Basic salary payable by Employer
i.e. total contribution by employer is 13.61%+ employees
contribution portion payable upto 15th of following month.
Basic ceiling is Rs.10000/-gross excess earner will be
exempted.
ESI contribution by Employee is@ 1.75% of gross earning.
ESI contribution by Employer is @ 4.75% of gross earning of
employees payable before 21st of next month of salary.
| Is This Answer Correct ? | 23 Yes | 7 No |
Answer / kuldeep singh
a) The Employees contribution for PF 12% and same
contribution for the employers but whole employees
contribution deposited in P.F.A/c but employees deposit in
P.F. is 3.67% and in family Pension Fund is 8.33%.
b) The ceiling rate for ESI is 10,000.00 and for the PF is
6500.00
C)The last date for deposting P.F and Esi is 15th and 16th
and 5days also provided as grace period.
| Is This Answer Correct ? | 10 Yes | 3 No |
Answer / basavraj yadawad
Employee Contri - 12%
Employer Contri - 13.61%
Total PF Contri 25.61
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / sanjay kumar patel
PF Heads
A/c-1 PF will deposit on your account- @3.67%
A/c-2 Admin Charges On PF- 1.10%
A/c-10 PF will deposit On Pension Fund - 8.33%
A/c-21 EDLI 0.50%
A/c-22 Admin Charges On EDLI- 0.01%
| Is This Answer Correct ? | 2 Yes | 3 No |
What is GAAP ?
CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c
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