Dear Kumaresan,
I think your query is regarding the contribution.
Regarding ESI, the coverage is upto a total salary of Rs. 15000. contribution is 1.75% from employee and 4.75% from employer.
For EPF the ceiling limit on salary (generally basic+DA) is Rs. 6500. i.e For new employees, PF is mandatory for those salary is within the limit. But for those who already enrolled in PF has to continue even if his salary exceeded the ceiling limit. The legal obligation is for contribution upto ceiling limit. But it is optional to contribute beyond ceiling limit and to enroll new employees to EPF, in case salary exceeds the ceiling limit.
Contributions to PF
Employee 12%
Employer 12% (EPS+PF)
Out of the employer contribution 8.33% subject to a ceiling of Rs. 541 p.m will go to EPS and rest of the amount to PF.
Administration Charges - 1.1% (by employer)
Contribution to EDLI, which is also a part of EPF
0.5% by employer suject to a salary ceiling of Rs. 6500
Administration Charges - 0.01% subject to salary ceiling of Rs. 6500 (by employer)
If the PF & EDLI run by exempted Trust/Agencies the above administration charges are not applicable. Instead inspection charges of 0.18% and 0.005% will be charged respectively.
Abbas.P.S
From India, Bangalore
517I think your query is regarding the contribution.
Regarding ESI, the coverage is upto a total salary of Rs. 15000. contribution is 1.75% from employee and 4.75% from employer.
For EPF the ceiling limit on salary (generally basic+DA) is Rs. 6500. i.e For new employees, PF is mandatory for those salary is within the limit. But for those who already enrolled in PF has to continue even if his salary exceeded the ceiling limit. The legal obligation is for contribution upto ceiling limit. But it is optional to contribute beyond ceiling limit and to enroll new employees to EPF, in case salary exceeds the ceiling limit.
Contributions to PF
Employee 12%
Employer 12% (EPS+PF)
Out of the employer contribution 8.33% subject to a ceiling of Rs. 541 p.m will go to EPS and rest of the amount to PF.
Administration Charges - 1.1% (by employer)
Contribution to EDLI, which is also a part of EPF
0.5% by employer suject to a salary ceiling of Rs. 6500
Administration Charges - 0.01% subject to salary ceiling of Rs. 6500 (by employer)
If the PF & EDLI run by exempted Trust/Agencies the above administration charges are not applicable. Instead inspection charges of 0.18% and 0.005% will be charged respectively.
Abbas.P.S
From India, Bangalore
Dear Mr.Kumar, Kindly check the attached file regarding the PF and ESIC contribution calculation along with formula. Hope this will solve your issues Regard’s Shaikh
From India, Bhubaneswar
From India, Bhubaneswar
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PF & ESI.zip
Presentation PF&ESI.ppt
Exp.and esi pf mis format.xls