What are the PF, EPF, ESI, PPF and how these can be
calculated ?
- 2 Answers
- 41281 Views
- I also Faced
- E-Mail Answers
Answer Posted / radha muralidhar
EPF/PF :Employee Provident Fund( provident fund ) is a
retirement benefit scheme that is available to salaried
employees.Stipulated amount (currently 12%) is deducted
from the employee's salary and contributed towards the fund.
The employer also contributes an equal amount to the fund.
PPF :The Public Provident Fund has been established by the
central government. You can voluntarily decide to open
one.The minimum amount to be deposited in this account is
Rs 500 per year. The maximum amount you can deposit every
year is Rs 70,000.
ESI: Is calculated on employees GROSS salary its also
includes Incentives & NFH (National Festival Holidays &
other Allowanes.Both Employer ( 4.75%) & Employee (1.75%)
Must contribute ESI Pay on Employee Gross Salary
| Is This Answer Correct ? | 119 Yes | 19 No |
Post New Answer View All Answers
if any employees "basic+ da" is more than 6500, then, it is mandatory for employer for epf deduction?
if we have purchsed FMS/VKGUY or SHIS against C form entry tax is applicable on it in M.P.
This regarding cst sale please clarify.If goods are sold to end user who wants delivery of it in other state. What would the nature of transaction
Many times law enforcement are certain that a particular crime has been committed by a defendant. What is your response if there is not enough evidence to stand at a criminal trial?
contempt of court places a restriction on?
"Every contract involves an agreement but every agreement does not necessarily result in a contract" Explain.
Domain server purchase TDS provision u/s 195 of income tax act, 1961
wather tds can be setof in income tax or advance tax paid by company ?
Is it necessary to deduct return goods from invoice amount to get c form issued ? Will we be penalized if we have got C forms issued for the total invoice amount without deducting return goodsÂ
what is the difference between challan and gate pass
hi ,this is salman from hyd.my brother in law is working as court master in high court hyd.he didnt have atleast common sense.he and his family always wants to complete her demands for silly things.they are making silly things as a big issue.i dont understand what to do? if i lodge any complaint he would know better ipc section to escape because he is working under high court judge.kindly suggest me a good solution to live my sister life happy for ever.my email id is sallumia143@yahoo.com
what will be the Journal entry for, Goods sold to james on credit for rupees 20,000.?
how one can prove statutory auditors liability according tp indian law?
I m a indian law student. I wnt to go usa vai student visa. What are th chance for me? Which course god for me? How to face usa consulant?
Whether a Minor can purchase or sell Company Share ? A person presented company share for transfer in his favour but the Transfer Deed accompanied by Company Share is of such date when the person was Minor.Whether the Company accept the Transfer Deed and transfer those shares in his favour.
