Hi,
I am working as an HR executive in a manufacturing company. I need help regarding the PF & ESI deductions and the rules applicable to these in a manufacturing company. Please send it to my email id - me.rajni84@gmail.com.
Regards,
Rajni
From India, Delhi
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I am working as an HR executive in a manufacturing company. I need help regarding the PF & ESI deductions and the rules applicable to these in a manufacturing company. Please send it to my email id - me.rajni84@gmail.com.
Regards,
Rajni
From India, Delhi
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The ESI deduction is on the basic HRA, CONV, and other allowances of the employees and is 1.75%. The employer contribution is 4.75% of the gross salary of the employee. When you remit the amount through the challan, it has to be rounded off to the rupee. The round-off should be done by adding the difference of paisa in the employer contribution. For PF, it is 12% of the employee's basic. However, the employer contribution is limited to Rs. 6,500/- basic. In the case of the employee covered under CTC, the deduction and contribution should be equal. The administrative charges, EDLI contribution, and admin on EDLI contribution are paid by the employer.
Regards,
Prabhakar Rao.M
From India, Delhi
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5Regards,
Prabhakar Rao.M
From India, Delhi
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pf 12% of basic wages and e.s.i is 1.75% of total wages ded. is empolys share empolayas share is 13.61% p.f and 4.75% e.s.i
From India, Dehra Dun
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From India, Dehra Dun
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Hi Rajani,
I am attaching an Excel sheet. You can fill up only the yellow marks column, then all your problems related to attendance, payment, EPF monthly return, ESI challan, and EPF challan will be solved. For any queries related to the time office, please contact me at +91 99966 29990.
Regards,
Kuldeep Singh
Email: deep7k@gmail.com
From India, New Delhi
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I am attaching an Excel sheet. You can fill up only the yellow marks column, then all your problems related to attendance, payment, EPF monthly return, ESI challan, and EPF challan will be solved. For any queries related to the time office, please contact me at +91 99966 29990.
Regards,
Kuldeep Singh
Email: deep7k@gmail.com
From India, New Delhi
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Hi,
This is Renganayaki. I am going to field work in this area, so I will share some key points:
On ESI:
- Employee contribution: 1.75%
- Employer contribution: 4.75%
On PF:
- Employee contribution: 12% (basic+DA)
- Employer contribution: 12%
In this contribution, 8.33% goes to the Employee Pension Scheme, and only 3.67% goes to PF. So, the total PF contribution is 15.67%.
If you have any doubts related to ESI & EPF, please ask.
From India, Madurai
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This is Renganayaki. I am going to field work in this area, so I will share some key points:
On ESI:
- Employee contribution: 1.75%
- Employer contribution: 4.75%
On PF:
- Employee contribution: 12% (basic+DA)
- Employer contribution: 12%
In this contribution, 8.33% goes to the Employee Pension Scheme, and only 3.67% goes to PF. So, the total PF contribution is 15.67%.
If you have any doubts related to ESI & EPF, please ask.
From India, Madurai
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Employee excel sheet.xls