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 / gaura mahapatra
Pf is calculated on 12% of basic salary of employee.Both
employee and employer should pay 12% each.In which the
employee's 8.33% will go to pension scheme and remaining
3.67% added with PF account.
Plus employer will be added 12% for PF .Total is 24%.
In Revised ESIC in 2011 , it is applicable for salary
maximum Rs.15000.
Employee ESIC Share is :1.75% on gross salary.
Employer ESIC Contribution is :4.75% on gross salary.
Companies actually pay their share of 4.75% of gross
salary.. They do not deduct it from our salary.Just they are
deducting 1.75% from our gross salary
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