Question { Ess Dee, 16154 }

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

Answer

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.

Question { 3574 }

Iam 1 truck owner and tds diduct in my trucks bills.How can
i refund the tds amount. if any forms to do this.pl tell
me.

Answer

First of all you have to take PAN number which is to be
allotted by Income Tax department through UTI or NSDL
centre. Then you have collect Form 16A certificate of Tax
Deduction from your transporter/company who have deducted
your income tax then you have to retain it with you upto
31st March of following year. After 1st april you have to
file income tax return in which you have to show your
income if your income is below taxable limit then you can
claim for refund from Income Tax Department. The department
in turn on assessment transferred the refund amount in your
specified bank account or provide you refund cheque.I think
my suggestion will be useful for you to solve your problem.

Question { 11085 }

what is diffrant betwwen exice duty & sale tax

Answer

Excise duty is the tax on manufacturing activity controlled
by Central Government.Input excise duty & service tax on
input activities are adjustable with duty payable on
manufactured good whether it is marketable or to further
process required.
Vat is the tax on sale which is imposed by State
Government.Input local vat is adjustable with output vat.

Question { 5646 }

please explain me brifly procedure of monthly tds filling

Answer

TDS is deposited upto 7th of the following month of tax
deduction. However return of TDS is to be filed quarterly.

Question { Mayur, 55293 }

how much percentage of ESI will be deducted in salary?

Answer

ESI is deductible from salary of employee @1.75% and
Employer contributes @ 4.75%
The threshold limit is Rs.10000/- i.e. if the salary is
equal to ir more than Rs.10000/- than no ESI is deductible
from particular employee salary and also employer will not
contribute for the same.

Question { Deloitte, 27072 }

Do companies pay exactly same amt of P.F (as employer's
Contribution )as deducted from employee's salary
Eg. employee's cont. 5000/-
employer's cont. 5000/- is it

Answer

The employer have to pay equal amount of PF deducted which
is limited upto 12% of Basic Wages. But in addition the
employer have to pay 1.61% as administrative expenses. It
is also to be considered that the threshold limit of PF
deduction is Rs.6500/-. The excess amount of salary is to
be ignored.In present question employer have to deposit
Rs.5000/-employee cont.+Rs.5000/-employee cont.+Rs671/-as
admin.charges. So total amount to be deposited by employer
is 10671/-

Question { Deloitte, 27072 }

Do companies pay exactly same amt of P.F (as employer's
Contribution )as deducted from employee's salary
Eg. employee's cont. 5000/-
employer's cont. 5000/- is it

Answer

In my answer to PF question wrongly entered as employee
contribution twice which is to be read one part of employer
and other of employee contribution.

Question { Deloitte, 27072 }

Do companies pay exactly same amt of P.F (as employer's
Contribution )as deducted from employee's salary
Eg. employee's cont. 5000/-
employer's cont. 5000/- is it

Answer

I am agree with Shishu Pal Yadav becasue when we think
about only single employee the maximum amount payable by
employer including employee contribution is Rs.1665/-. When
we think about more than one employee then it comes to
Rs.10671/-