dear friend find the details attached below regarding calculation of PT, ESIC,PF.etc.
From India, Nasik
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9From India, Nasik
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Dear All, This is shravan, as per my sense of Knowledge esi will be deducted upto 15000/- gross in ANDHRA PRADESH
From India
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From India
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hi all, i just read all the comments of PT but what i used to think is pt is something which is described by state govts and they revise the PT rates half early. .is it true..?
From India, New Delhi
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From India, New Delhi
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Dear All,
ESI limit is Rs. 15,000/- not Rs. 10,000. The calculation is 1.75% of the gross salary from the employee's side and 4.75% from the employer's side.
PT varies from state to state.
PF will be 12% of Basic. You can limit it to Rs. 780 as per the law. Two portions will be calculated - 12% from the Employee and 12% from the Employer.
If any employee is getting a basic salary of more than Rs. 6,500, they can opt out of PF, but they need to submit Form 11 for the same.
Regards,
Suneel.
From India, Bangalore
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ESI limit is Rs. 15,000/- not Rs. 10,000. The calculation is 1.75% of the gross salary from the employee's side and 4.75% from the employer's side.
PT varies from state to state.
PF will be 12% of Basic. You can limit it to Rs. 780 as per the law. Two portions will be calculated - 12% from the Employee and 12% from the Employer.
If any employee is getting a basic salary of more than Rs. 6,500, they can opt out of PF, but they need to submit Form 11 for the same.
Regards,
Suneel.
From India, Bangalore
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