How to Calculate the ESI,PF?it is basic Salary or Gross Salary?
Answer Posted / dolly jain
ESIC will be calculate on gross salary employee share is
1.75% & employer share is 4.75% upto 10,000 Rs. but from 01-
may-2010 the esic deduction limit is 15,000.
Pf will be calculate on Basic+D.A. employee share is 12%
and employer share is also 12% but the total administ.chgs
is 1.61% which is bear by the company so now the employer
share of pf is 13.61 %, But the pf deduction limit is
complusory on 6500 wages. If any employee's wages is 8000
and he want to deduct his pf so it is opional.
| Is This Answer Correct ? | 22 Yes | 3 No |
Post New Answer View All Answers
What is Labour Cess? Pl. define. & what is rate of Labour cess.
how to finalaze the balence process using tally
what is the rate of interest when an assesse paid tax after the due date in the prescribed time limit?
I AM INTO AN EXPORT COMPANY MANUFACTURING GARMENTS. I AM PURCHASING AN INTERSTSTE ITEM AND PROVIDED FORM H NOT C. COULD I BE ABLE TO GET ANY EXEMPTION FROM TAXATION AND WHEATHER I HAVE TO CLOSE MY SALES TAX ACCOUNT FOR PROVIDING FORM H, AND IF AGAIN I COULD BE GET ANY EXEMPTION FROM FORM C ISSUING FOR THE SAME COMMODITY AND SAME SUPPLIER.
I want to do correspondence course related for taxation, where I can learn income tax, service tax, sales tax etc. Any one can suggest from which university can I do and name of the course also.
accounting taxation
if am registered dealer & i am using road permit, i have to pay entry tax, which goods, I am receving in jammu
we are the manufacture of leather shoes, we send the shoe sample to some parties , can it we shown in RG1 Register , if shown then , where ? if not then why ?
what is service tax? how its count? and why its count?
what is form requirment for monthly, quartely, and yearly sale return for haryana
can TDS be deducted(in Jharkhand) from the bill of a supplier who supplies goods from Delhi to Jharkhand taxable @12.5% under jharkhand VAT ACT?Whether Entry tax is also deductible in this case
we are a manufacturer unit can we purchases of building material agst form "C" or vat C4?
What items fall under the category of ‘securities’?
At what point excise duty is accrued
what is rules of taxation