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?

Answer Posted / pragya rastogi

In Revised ESIC , it is applicable for salary upto 15000.

Employee Share:1.75%
Employer Contribution:4.75%.

But doest that mean your In hand salary will be lesser now,
than it was without ESI????


Plus, Do companies actually pay their share of 4.75% or do
they deduct it from your salary like they deduct PF from
Gross salary(Your and Comapnies share both)????

Is This Answer Correct ?    2 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the types of provident funds?

667


as we are having are unit in a area where excise duty is not applicable and on my purchase i am paying excise duty can i take refund of the duty paid by me and what was is procedure? plz. replay to my on my id ngaggarwal@yahoo.com

1523


What is the procedure to intimate Change Name of Business in maharashtra Vat Act, which form to be fill.

2431


Are woollen Blankets (Rugs) taxable under CST ? Can unregistered party sell it.

1521


what is the difference b/w deferred tax exp and defeered tax liab? should Deffered Tax expense be deducted b4 computing Net profit?

1658






What we mean by MAT Credit Entitlement ???

6668


wht do you mean by copmosition of tax

3081


If we got a printing jon we are adverstising firm for that we purchase paper from local dealer which contain vat 4% now when i bill to the person from whom i got a priniting job what should i consider this as service or sale and what tax i charge, i don't have vat no. but i have service tax no.?

1411


What is export under ribet notification number

1798


Dear Sir, I am working in account department. I want to know, Why service tax rate is change in every type of service. For Example - Rent Bill Service Tax Rate - 10.30% Taxi Bill - Service Tax Rate - 4.12% Why it change

1600


AS PER VAT AUDIT WE HAVE REFUND OF RS.25000/- ON PURCHASE OF FIXED ASSETS WHICH WE DID NOT CLAIM LAST YEAR, NOW WHAT ENTRY SHOULD WE PASS IN BOOK. ITS URGENT

1729


is a pvt ltd. comp. can give advance against salary to his director.

1511


can penalty be imposed under sec 96 of vat act west bengalfor goods destroyed or damaged

1897


if i paid interest on tds for ex:- tds deducted on rent for the month of april, may, june rs. 20000 each for month and tds paid on 7th july then i have to pay interest @ 1.5% for rs. 1200 , 900 , 600 respectively , so i wanted to know what is the entry for rising of this interest in accounting software other than tally

1052


WHAT IS MEANT BY CST? DO THE SUPPLIER CLAIM CST 2% FROM THE PURCHASER? WHAT ARE ALL THE RULES TO BE FOLLOW WHILE THE BUYER PURCHASE A 'C'FORM FROM THE CTO?

1565