How to calculate pf, esi, vat, sales tax etc.,
Answers were Sorted based on User's Feedback
Answer / snehal pawar
PF calculation: On Basic salary + D.A.it is calculate 12%
from that 8.33% for pension & 3.67% for PF
ESI calculation: 1.75 is applicable on regular gross
salary.4.75% employs payable
Is applicable only for those employees
whose gross salary is up to 10000 p.m.
VAT calculation: VAT percentage is 1, 4, 12.5%, 20%. It is a
tax which is charged on the basic value of the product by
the seller from the buyer and the same is remitted to the
Sales Tax Department.
Sales tax calculation: Sales tax differs from state to
state, and sometimes from item to item. But the process of
calculating sales tax remains the same.
Add sales tax amount to the original
price to find the final cost. In this example, add $39.20
plus $700 to find the total cost equals $739.20.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / khushal jengathe
pf is calculate is the basic salary of 12% of employee and same contributed 12% employer.
esi contrubution to employee 1.75% of gross salary and employer contribution 4.75% total contribution esic 6.25% of company.
vat(vallu added tax)1,4,12.5% suppose 1000 product price vat 4% 400 so total vat amount :- 1400/-
SALES TAX : Same as VAT
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / 9541
Provident fund is calculated @ 12% on the basic
salary, which indeed is deducted from Employee's salary and
the same plus 12% on the basic is contributed by the
employer. So the aggreate 12% + 12% is remitted to the
Provident fund Department
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / basu hr
for epf ee+er (12+12) and er admin charges 1.61 total 13.61
esic 2010 Garss salary Rs.15000/-limit ee=1.75% er 4.75%
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / devindra singh
dear sir
plz writte me main-2 all interview questions. which can
asked
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / favaz m
In the case of Employee
Gross Salary x 12% =PF
Gross Salary x 1.75% =ESI
In the case of Employer
Gross Salary x 13.61% =PF
Gross Salary x 4.75% =ESI
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / nisha
PF : Provident fund is calculated @ 12% on the basic
salary, which indeed is deducted from Employee's salary and
the same plus 12% on the basic is contributed by the
employer. So the aggreate 12% + 12% is remitted to the
Provident fund Department
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / gaurav bansal
ESI new limit Maximum Rs. 15000/-PM
thanks
| Is This Answer Correct ? | 1 Yes | 1 No |
Which form we use at the time of retun filling(quqrterly) in the case of state haryana.Tell me in breief and plz tell me about the use of Challan 'C'.
CST 2% against C form,Cst 12.5 % without c form, why government is in loss with C form?
12 Answers Erico Labs, Hero MotoCorp,
if Advance Tax is diposited by u Rs.200000/- TDS Deposited Rs.100000/- Assesment tax raised by It depart ment Rs.350000/- What will be the Journal entries?
How to show reject material in ER1
what is cess?
Any one can mail soft copy of Balance sheet,Trading and profit and loss alc.of a small firm or small co for study
I am register delear in Maharashtra state, I sold pulses to a register delear in Andrapradesh state. In Andra state tax is applicable on pulses, but in Maharashtra pulses are tax free, So I have to take "c" form from buyer party or not ?
what is luxury tax?
What is excise & service tax?
HOW TO CALCULATE INTEREST ON PREVIOUS SELF ASSESSMENT TAX ?
what is the circle of tds and its rate chart
Service tax applicable or not for Govt Guest House contract work.