How to Calculate the ESI,PF?it is basic Salary or Gross Salary?
Answer Posted / rameshbabu
HI Frinds,
PF Salary few companies take basic+Da or on basic 12%
For Ex. My salary is 8000/- employee PF 960/- and employer
also will pay 960/-.but it is two ways.Employer pension
salary take maximium 6500/-(8.33%) that mean pension
maximum amount Rs. 541/- rest of amount will goes to PF
Rs.419/-
ESI salary is on gross 1.75% from employee side and
employer will pay on gross 4.75% that mean total 6.5%(OT
hours and Night shift allown,exmpted)
| Is This Answer Correct ? | 18 Yes | 6 No |
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