Dear Friends, I need to learn about the PF and ESI contribution for both employee and employer side. Kindly explain me. Thanks.
From India, Madras
From India, Madras
Dear Aiswarya,
1. Regarding EPF: General
a. Employee cotribution : 12%
b. Employer contribution : total - 12%
8.33% subject to a ceiling of 541 p.m will go to EPS.
Rest of the amount will remain with EPF
EDLI (also part of EPF) :0.5% from employer will go to EDLI.
Besides the above the administration charges of 1.1% for EPF and 0.1% for EDLI has to be remitted by employer.
For exempted Trust and in lieu of EDLI instead of the administration charges, inspection charges of 0.18% and 0.005% will be incurred respectively, by the employer.
2. Regarding ESI : Employee contribution - 1.75%
Employer contribution - 4.75%
Abbas.P.S
From India, Bangalore
5171. Regarding EPF: General
a. Employee cotribution : 12%
b. Employer contribution : total - 12%
8.33% subject to a ceiling of 541 p.m will go to EPS.
Rest of the amount will remain with EPF
EDLI (also part of EPF) :0.5% from employer will go to EDLI.
Besides the above the administration charges of 1.1% for EPF and 0.1% for EDLI has to be remitted by employer.
For exempted Trust and in lieu of EDLI instead of the administration charges, inspection charges of 0.18% and 0.005% will be incurred respectively, by the employer.
2. Regarding ESI : Employee contribution - 1.75%
Employer contribution - 4.75%
Abbas.P.S
From India, Bangalore
Dear to all
tel me about pf wage...
if employee want reduce his pf contribution in writing that his Basic+Da=5000/- and gross 9000/- per month , he want to reduce his Basic+Da=4109 (As Per State Govt. Minimum Wage Act), can employer change his contribution, if yes then tel me what is the procedure and clause of Act also
From India, Bhopal
tel me about pf wage...
if employee want reduce his pf contribution in writing that his Basic+Da=5000/- and gross 9000/- per month , he want to reduce his Basic+Da=4109 (As Per State Govt. Minimum Wage Act), can employer change his contribution, if yes then tel me what is the procedure and clause of Act also
From India, Bhopal
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ESI contribution rates lowering.pdf