Hi sir, I am very much confused with PF & ESIC calculation. Can you please provide the full calculation for PF & ESIC for 2013-14 as per the state wise. Your help in this matter is appreciated.
From India, Kumar
1From India, Kumar
Salary breck up is :
Basic : 1000
DA : 500
HRA : 400
Others : 1000
..............,............
Gross Salary : 2900
..........................
For PF :
******************
(Basic + DA) * 12% Means : (1000+500) /100* 12 (same from company) and other admn. charges 1.61%
Max upto 6500/-
For ESI :
******************
Gross salary * 1.75%
from emp. salary deduction Means : 2900/100*1.75
from Employer 2900/100*4.25
Max upto 15000/-
From India, Panipat
Basic : 1000
DA : 500
HRA : 400
Others : 1000
..............,............
Gross Salary : 2900
..........................
For PF :
******************
(Basic + DA) * 12% Means : (1000+500) /100* 12 (same from company) and other admn. charges 1.61%
Max upto 6500/-
For ESI :
******************
Gross salary * 1.75%
from emp. salary deduction Means : 2900/100*1.75
from Employer 2900/100*4.25
Max upto 15000/-
From India, Panipat
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Salary Sheet & PF PT Calculation & Challan Nov 2010.xls