Can you please provide a detailed calculation of how PF and ESI Contribution are calculated both for employee and employer?
From India, Coimbatore
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1From India, Coimbatore
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Hi,
PF will be deducted from Basic+DA. Employee Contribution is 12%, and Employer Contribution is 12% (3.67% PF + 8.33% Pension). PF Admin Charges are 0.5%. EDLI Contribution is 0.5% with no admin charges. The total contribution is 25%.
ESI will be deducted from Gross Salary. Employee Contribution is 0.75%, and Employer Contribution is 3.25%. The total ESI contribution is 4%.
From India, Bangalore
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PF will be deducted from Basic+DA. Employee Contribution is 12%, and Employer Contribution is 12% (3.67% PF + 8.33% Pension). PF Admin Charges are 0.5%. EDLI Contribution is 0.5% with no admin charges. The total contribution is 25%.
ESI will be deducted from Gross Salary. Employee Contribution is 0.75%, and Employer Contribution is 3.25%. The total ESI contribution is 4%.
From India, Bangalore
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What is the maximum PF and ESI amount that an Employer and Employee can contribute. Thanks in advance.
From India, Coimbatore
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From India, Coimbatore
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What an components are mandatory to be mentioned in Payslips. Thanks in advance.
From India, Coimbatore
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From India, Coimbatore
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ESI will be deducted from Gross Salary.
Employee Contribution = 0.75%
Employer Contribution = 3.25%
Total = 4%
Should this gross salary, on which ESI is calculated, include Night Shift Allowance, OT Allowance, or any special allowance that is given to employees on a regular monthly basis?
From India, Coimbatore
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Employee Contribution = 0.75%
Employer Contribution = 3.25%
Total = 4%
Should this gross salary, on which ESI is calculated, include Night Shift Allowance, OT Allowance, or any special allowance that is given to employees on a regular monthly basis?
From India, Coimbatore
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Salary Sheet & PF PT Calculation & Challan Nov 2010.xls