what is pf & esic calculation on ctc how much perstange
apply from both the side ,employee as well employer we have
to deduct the employee and employer % from ctc or employer
has to pay the % of employer sepreterlyfrom his own or form
employee ctc?
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Answer Posted / shiwani
PF is Povident Fund and ESI is Employee State Insurance.
Take a Careful look
Suppose Yours salary is 10,000/- and you want to give the
detail of your CTC, That would be-
10,000*12=1,20,000/-
1,20,000*1.75%=2100/-(E.S.I will not be counted becoz its
not reimburse, and after 10,001/-above there will no ESI
deducted)
1,20,000*12%=14,400/-(PF amount calculated only of Employer
not yours becoz urs is included in your salary.)
now Calculate the CTC that would be:-
1,20,000+14,440=1,34,440/-
| Is This Answer Correct ? | 28 Yes | 37 No |
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