Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...


What is the full form of ESIC ?whatproportion of
PF,ESIC,EDLi,TDS,BONUS,GRATUITY etc are been decucted from
salary?

Answers were Sorted based on User's Feedback



What is the full form of ESIC ?whatproportion of PF,ESIC,EDLi,TDS,BONUS,GRATUITY etc are been decuc..

Answer / naresh

The abbreviation ESIC stands for "Employee's State Insurance
Scheme".
check this link for more
information:http://esic.nic.in/citizen_charter.htm
The deduction in salary against various heads are as given
below:

PF: 12% of Basic+DA (Employee Share)
12% of Basic+DA (Employer Share)

ESIC : 1.75% of Gross Salary (Employee Share)
4.75% of Gross Salary (Employer Share)

EDLI : 0.5%

Is This Answer Correct ?    250 Yes 22 No

What is the full form of ESIC ?whatproportion of PF,ESIC,EDLi,TDS,BONUS,GRATUITY etc are been decuc..

Answer / aniket

The abbreviation ESIC stands for "Employee's State Insurance
Scheme".
check this link for more
information:http://esic.nic.in/citizen_charter.htm
The deduction in salary against various heads are as given
below:

PF: 12% of Basic+DA (Employee Share)
12% of Basic+DA (Employer Share)

ESIC : 1.75% of Gross Salary (Employee Share)
4.75% of Gross Salary (Employer Share)

EDLI : 0.5%

Is This Answer Correct ?    124 Yes 21 No

What is the full form of ESIC ?whatproportion of PF,ESIC,EDLi,TDS,BONUS,GRATUITY etc are been decuc..

Answer / aravindan s

The abbreviation ESIC stands for "Employee's State Insurance
Scheme".
check this link for more
information:http://esic.nic.in/citizen_charter.htm
The deduction in salary against various heads are as given
below:

PF: 12% of Basic+DA (Employee Share)
12% of Basic+DA (Employer Share)

ESIC : 1.75% of Gross Salary (Employee Share)
4.75% of Gross Salary (Employer Share)

EDLI : 0.05%

Is This Answer Correct ?    55 Yes 18 No

What is the full form of ESIC ?whatproportion of PF,ESIC,EDLi,TDS,BONUS,GRATUITY etc are been decuc..

Answer / aravindan s

The abbreviation ESIC stands for "Employee's State Insurance
Scheme".
check this link for more
information:http://esic.nic.in/citizen_charter.htm
The deduction in salary against various heads are as given
below:

PF: 12% of Basic+DA (Employee Share)
12% of Basic+DA (Employer Share)

ESIC : 1.75% of Gross Salary (Employee Share)
4.75% of Gross Salary (Employer Share)

EDLI : 0.5%

Is This Answer Correct ?    54 Yes 20 No

What is the full form of ESIC ?whatproportion of PF,ESIC,EDLi,TDS,BONUS,GRATUITY etc are been decuc..

Answer / sunil kasana

What are the Rules For ESIC Dedudtion and PF Deductions?

Is This Answer Correct ?    49 Yes 15 No

What is the full form of ESIC ?whatproportion of PF,ESIC,EDLi,TDS,BONUS,GRATUITY etc are been decuc..

Answer / shoaib khan

The full form of ESIC is EMPLOYEES’ STATE INSURANCE SCHEME
OF INDIA.
ESIC : 1.75% of Gross Salary (Employee Share)
4.75% of Gross Salary (Employer Share) .

PF: 12% of Basic+DA (Employee Share)
12% of Basic+DA (Employer Share).

EDLI - 0.5% as deducted with EPF as a/c No 21
deducation.

(e)Gratuity is applicabale after 5 year service and
calculate the same as per formula,
Gratuity - Present salary(Basic +DA+VDA)*15*No of year
served/26.

TDS means Tax dedcuted at sourece,
Total income less deduction U/s 16 and Deduction u/s 80c,
cc and 80D equal taxable income

Is This Answer Correct ?    36 Yes 11 No

What is the full form of ESIC ?whatproportion of PF,ESIC,EDLi,TDS,BONUS,GRATUITY etc are been decuc..

Answer / ankit

full form of ESIC is Employee State Insurance Corporation.
percentage of conatribution is as below:-
(a) PF - 12% of Basic +DA+VDA from employee and 13.61% from
employer i.e. 8.88% in a/c No 10, 3.67% in a/c No 1, 1.1%
in a/c No 2, .5% in a/c No 21 and 0.01% in a/c No 22
(b) 1.75% of Gross salary from employer and 4.75% from
employees.
(c) EDLI - 0.5% as deducted with EPF as a/c No 21
deducation.
(d) Minimum 8.33% or Maximum 20%
(e)Gratuity is applicabale after 5 year service and
calculate the same as per formula,
Gratuity - Present salary(Basic +DA+VDA)*15*No of year
served/26

Is This Answer Correct ?    42 Yes 19 No

What is the full form of ESIC ?whatproportion of PF,ESIC,EDLi,TDS,BONUS,GRATUITY etc are been decuc..

Answer / dipika

E.s.i.c

Is This Answer Correct ?    32 Yes 11 No

What is the full form of ESIC ?whatproportion of PF,ESIC,EDLi,TDS,BONUS,GRATUITY etc are been decuc..

Answer / tejaswita

this post was real good help.. thanks

Is This Answer Correct ?    9 Yes 2 No

What is the full form of ESIC ?whatproportion of PF,ESIC,EDLi,TDS,BONUS,GRATUITY etc are been decuc..

Answer / manoj modi

ESIC(EMPLOYEES’ STATE INSURANCE SCHEME OF INDIA)
TYPE CONTRIBUTION SHARE
PF 12% OF BASIC +DA Employee
PF 12% OF BASIC +DA Employer
8.33% or max. 541 for pension fund
EDLI 0.5% Basic +DA or max Rs. 32.50 Employer
"ESIC(EMPLOYEES’ STATE INSURANCE SCHEME OF INDIA


" 1.75% OF WAGES Employee
ESIC 4.75% of wages Employee
Administration charges
PF 1.1% Basic + DA Employer
EDLI 0.01% of basic + DA or max Rs. 0.65 Employer
e-TDS form 24Q filling dates
Quarter 1 JUNE 15-Jul
Quarter 2 SEP 15-Oct
Quarter 3 DEC 15-Jan
Quarter 4 MAECH 15-May
Important dates
21 st Payment of ESIC
25 th PF Form 12A
12th may ESIC Form 5
11th nov ESIC Form 5
25th july MLWF for JUNE
25th jan MLWF for Dec.
Section Transaction TDS rate in (%)
193 Interest on Debentures & Securities 10
194 Deemed Dividend 10
194 A Other Interest 10
194 B Lottery > Rs. 5000 30
194BB Win from Horse Race>2500 30
194C Contract of Transport if PAN Provided 0
Contract to Individual/HUF 1
Contract to Others 2
194 D Insurance Commission>5000 10
194EE Withdrawl from NSS>2500 20
194F Repurchase of units MF/UTI 20
194G Commission on sale of lottries>1000 10
194H Commission/Brokerage>2500 10
194I Rent>120000 p.a on Plant & Machinery 2
Rent on Land,Building etc. 10
194J Professional Fees>20000 10
194LA Compensation on Compulsory Acquisition of immovable
property >Rs.1,00,000 during the financial year 10
Surcharge 0
Cess 0
Income tax slabs 2011-2012 for General,Women,Senior
citizen,very senior citizen tax payers


Income tax slab (in Rs.) Tax Income tax
slab (in Rs.) Tax Income tax slab (in Rs.)
Tax Income tax slab (in Rs.) Tax
0 to 1,80,000 No tax 0 to 1,90,000 No tax
0 to 2,50,000 No tax 0 to 5,00,000 0%
1,80,001 to 5,00,000 10% 1,90,001 to 5,00,000
10% 2,50,001 to 5,00,000 10%
5,00,001 to 8,00,000 20%
5,00,001 to 8,00,000 20% 5,00,001 to 8,00,000
20% 5,00,001 to 8,00,000 20%
Above 8,00,000 30
Above 8,00,000 30% Above 8,00,000 30%
Above 8,00,000 30%
1. It depends upon the percentage on which your company
wants to give bonus to its employees. Minimum bonus is
8.33% of basic salary earned during the accounting year and
Maximum is 20% under the payment of Bonus Act,1965.
Any employee working in an organisation for more than equal
to 5 yrs is eligible for gratuity which is paid only on
retirement or separation by means of resignation or
termination, paid with his full n final account. it is
calculated as (Basic)/26*15* no . of completed yrs of
service , ie the employee is paid for 15days extra for
every completed yr . if the part duration is more than 6
months it is taken as one full yr and if it is less thenit
is treated null

Is This Answer Correct ?    7 Yes 1 No

Post New Answer



More CAT Interview Questions

how will you manage liquid assets effectively?

1 Answers   Reliance,


number which when divide by 49 leave 32 as the reminder and number divide by 7 what was the remainder

0 Answers   Bharat Gears,


Abhays age after three years will be three-seventh of his fathers age . ten years ago ,the ratio of their ages was 1:5 . what is Abhays fathers age at present ?(*** plz give explanation also***)

5 Answers   CAT,


Hello friends, Can someone provide me a link to RS Aggarwal Verbal and Non Verbal reasoning book? Thanks,

0 Answers  


who are the Sultan Mirzza

0 Answers  






The stock investment and opening stock of a company are Rs. 500 and Rs. 1000. Calculate its closing stock

0 Answers  


jhoolan goswami is associated with

2 Answers  


why do you want to do mba? even if you are from science sector?

1 Answers  


how to face the entracne exams

1 Answers  


Brazil is known for its production of

3 Answers  


Determine the smallest 4 digit number which is exactly divisible by 10, 15 and 20

7 Answers  


Hi frnds, can u suggest me good institutes in vizag for GROUP1?

0 Answers  






Categories