dear sir /madam
my questions is related to pf contributions if employees basic pay is
Basic pay - 34000
thana pf cotributios to the employee side is 12% = 4080
and employer contr is divided into two parts EPF 8.33%
And pf = 3.67%
total employer side contr = 12% thes two part of employer side contributions i can not understand pls told to me in detail employer contributions money where is deducted .
thanks
anjna
From India, Chandigarh
8my questions is related to pf contributions if employees basic pay is
Basic pay - 34000
thana pf cotributios to the employee side is 12% = 4080
and employer contr is divided into two parts EPF 8.33%
And pf = 3.67%
total employer side contr = 12% thes two part of employer side contributions i can not understand pls told to me in detail employer contributions money where is deducted .
thanks
anjna
From India, Chandigarh
1.PF contribution made by employees
12% of basic,the entire amount goes to employees Pf ACCOUNT.
2. PF contribution made by employer
12% i.e 8.33% goes to Employee pension fund and renaming 3.67% goes to PF account.
so employee and employer contribute 12 % each..
hope you understand..
vikram
From India, Pune
12% of basic,the entire amount goes to employees Pf ACCOUNT.
2. PF contribution made by employer
12% i.e 8.33% goes to Employee pension fund and renaming 3.67% goes to PF account.
so employee and employer contribute 12 % each..
hope you understand..
vikram
From India, Pune
Dear Anjna,
ESI is contribution is made for the employee sickness,accident, maternity etc.
Employer contribution =4.75% of Gross Salary
Employee contribution =1.75% of Gross Salary.
And the company/organization to be eligible for ESI,the strength of employees must be at least 20.
The ceiling is 15000/-,it means ,if any employee is drawing more than 15k then it is not mandatory for that particular employee to be part of ESI.
Hope you understood!!!!
Regards
vikram
From India, Pune
ESI is contribution is made for the employee sickness,accident, maternity etc.
Employer contribution =4.75% of Gross Salary
Employee contribution =1.75% of Gross Salary.
And the company/organization to be eligible for ESI,the strength of employees must be at least 20.
The ceiling is 15000/-,it means ,if any employee is drawing more than 15k then it is not mandatory for that particular employee to be part of ESI.
Hope you understood!!!!
Regards
vikram
From India, Pune
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