Hi Seniors,
Please tell me if washing allowance is being added in gross (for ESIC benefit) and if incentives are included in the gross salary. Also, what are the functions of PF accounts 1, 2, 10, 21, and 22, apart from theoretical use?
From India, Gurgaon
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5Please tell me if washing allowance is being added in gross (for ESIC benefit) and if incentives are included in the gross salary. Also, what are the functions of PF accounts 1, 2, 10, 21, and 22, apart from theoretical use?
From India, Gurgaon
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Hi, The washing Allowance is not included in ESIC Salary calculation apart from this, all other allowances are included.Next Regarding Incentives, i believe they are not included in ESIC salary. Tc.
From India, Mumbai
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From India, Mumbai
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Incentives paid in intervals of not more than two months will form part of the salary and will attract ESI. EPF is deposited under various heads of accounts, viz, A/C No 1, A/C No 10, A/C No 2, A/C No 21, and A/C No 22. The amounts paid into these accounts are as follows: Employees' share of Provident Fund being 12% and the employer's share of Provident Fund being 3.67% to A/C No 1, the employer's share of Pension Fund being 8.33% to A/C No 10, Administration Charges payable by the employer at 1.1% of the salary to A/C No 2, Employees' Deposit Linked Insurance (employer only contributes) being 0.5% to A/C No 21, and Administration charges payable by the employer for the administration of EDLI at 0.05% to A/C No 22.
Regards,
Madhu.T.K
From India, Kannur
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Regards,
Madhu.T.K
From India, Kannur
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Dear All,
Good day!
Please clarify for me, when an employee would like to claim their PF amount upon leaving a firm. How much will they receive apart from the employee and employer share? Will the government contribute any share to the amount or provide any interest on the total sum? If so, please provide me with the percentage details.
Thanks and Regards,
Elizabeth Antony
From India, Madras
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Good day!
Please clarify for me, when an employee would like to claim their PF amount upon leaving a firm. How much will they receive apart from the employee and employer share? Will the government contribute any share to the amount or provide any interest on the total sum? If so, please provide me with the percentage details.
Thanks and Regards,
Elizabeth Antony
From India, Madras
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Employee Benefits.doc
Employee Benefits.zip