How to Calculate the ESI,PF?it is basic Salary or Gross Salary?
Answer Posted / manish 7737865822
PF WILL BE CALCULATE @12% ON GROSS SALARY (BASIC + DA) IF
SALARY IS MORE THEN 6500 THEN WE CALCUKATE 12% ON 6500 =780
AND ESI WILL CALCULATE ON GROSS SALARY THE RATE OF ESI IS
1.75% BY EMPLOYEE AND 4.75% BY THE SIDE OF EMPLOYER
AND PF RATE IS 12% BY EMPLOYEE AND 13.61% BY EMPLOYEER
INCLUDING EMPLOYEE INSURANCE PLAN AND MPLOYEE PANSION PLAN
| Is This Answer Correct ? | 17 Yes | 4 No |
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