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.
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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
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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
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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%
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Answer / devindra singh
dear sir
plz writte me main-2 all interview questions. which can
asked
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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
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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
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