How to Calculate the ESI,PF?it is basic Salary or Gross Salary?

Answer Posted / tilak.m

Gross salary for ESI calculation is BASIC+DA+HRA+OTHER
FIXED ALLOWANCE LIKE OT OR INCENTIVE. My question is after
adding OT OR INCENTIVE gross salary crosses 10,000/- should
we deduct ESI or OT OR INCENTIVE does it include in salary.

Is This Answer Correct ?    17 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

We had paid TDS against rent in assessment year 2009-2010. But by mistake one of the pan no of the landlord was wrongly entered. Now the demand has been raised. Please advise how to correct the situation.

1530


WHAT IS THE PROVISION OF INCOME TAX, SELF ASSESSMENT TAX AFTER AUDITING GIVE THE EXAMPLE WITH ENTERY

1778


What are the types of provident funds?

676


taxes leivied on carpentar & plumbing services

1277


i paid tds through my bank account but i entered the assessment year as 2010-11(the current year) instead of 2011-12(actual assessment year). what is the remedy for this. how do i get refund for the wrongly paid sum. or is there any way to currect the assessment year?

1730






th point in when will details wil get filled in ER1 2a and 2B?capg

1322


when we want bought a new asset (for ex. car)how we calculate our income with the eye of income tax

1462


The Depreciation Rate for Heavy Equipments like cranes (used in the construction of bridges, flyovers etc ... ) is 30% as per the companies act. If i buy a crane for Rs. 10 Lakh and claim depreciation the cost of the crane in the 2nd year is 7 Lakh and in the 3rd year it is 4.9 Lakh and in the 4th year it is 3.4 Lakh ...... Can i re-value the crane in the 5th year to the 2nd hand market price of Rs. 20 Lakh and claim depreciation on it @ 30% ? (Cost of crane in 6th Year now is 20 Lakh - 6 Lakh = 14 Lakh )

19767


interest paid to bank rs.15000 in conection with statutory income tax proceedings.

1633


How to adjustment of CST ? and also tell me about C-Form affairs ?

2270


Making delivery challan is possiable between two branch of difference code

1680


how to get input credit in vat & service tax

2240


i want to know about Form c,D,E, E-1,E-2,F,G,H,I.WHEN IS LIABILITIES OF ISSUE OF ALL RELATED FORM ON SELLER AND BUYER.PLZ SEND THE ANSWER OF THIS QUESTION ON MY E-MAIL

1641


What is Form-I, FORM-F, FORM-H, FORM-E and FORM-C?

7955


how much TDS required in telecommunication services ? Any types of Telecommunication, provider or services receiver

1496