Employer contributions:
- PF (Basic + VDA + DA) - 13.61%
- ESI (Gross Salary except Washing Allowance) - 4.75%
For further queries, you can reach me at 9909001742.
Regards,
Abhijeet Sawant
From India, Ahmadabad
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8- PF (Basic + VDA + DA) - 13.61%
- ESI (Gross Salary except Washing Allowance) - 4.75%
For further queries, you can reach me at 9909001742.
Regards,
Abhijeet Sawant
From India, Ahmadabad
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Hi Anitha,
As per the amendment dated 22/9/1997, both the employee and the employer have to contribute to the PF at 12%. However, the employer has to contribute an extra 1.61%. The breakdown is as follows:
Employee Employer
A/C No. 1 PF 12% 3.67%
A/C No. 2 PF admin a/c 1.10%
A/C No. 10 EPS 8.33%
A/C No. 21 EDLIS a/c 0.50%
A/C No. 22 EDLIS admin a/c 0.01%
Total 12% 13.61%
For ESI, the employee's contribution is 1.75% of the gross salary, with a ceiling limit of Rs 10,000 gross salary. The employer's contribution is 4.75%, making a total of 6.5%.
Thanks,
Shreekanth.P.R
From India, Mumbai
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As per the amendment dated 22/9/1997, both the employee and the employer have to contribute to the PF at 12%. However, the employer has to contribute an extra 1.61%. The breakdown is as follows:
Employee Employer
A/C No. 1 PF 12% 3.67%
A/C No. 2 PF admin a/c 1.10%
A/C No. 10 EPS 8.33%
A/C No. 21 EDLIS a/c 0.50%
A/C No. 22 EDLIS admin a/c 0.01%
Total 12% 13.61%
For ESI, the employee's contribution is 1.75% of the gross salary, with a ceiling limit of Rs 10,000 gross salary. The employer's contribution is 4.75%, making a total of 6.5%.
Thanks,
Shreekanth.P.R
From India, Mumbai
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Hi Anitha,
As per the amendment dated 22/9/1997, both the employee and the employer have to contribute to the PF at 12%. However, the employer has to contribute an extra 1.61%. The breakups are as follows:
employee employer
A/C No. 1 PF 12 3.67
A/C No. 2 PF admin a/c 1.10
A/C No. 10 EPS 8.33
A/C No. 21 EDLIS a/c 0.50
A/C No. 22 EDLIS admin a/c 0.01
____________________________________________
12 13.61
For ESI, the employee's contribution is 1.75% of the gross salary, with a ceiling limit of Rs 10,000 gross salary. The employer's contribution is 4.75%, making a total of 6.5%.
Thanks,
Shreekanth.P.R
From India, Mumbai
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As per the amendment dated 22/9/1997, both the employee and the employer have to contribute to the PF at 12%. However, the employer has to contribute an extra 1.61%. The breakups are as follows:
employee employer
A/C No. 1 PF 12 3.67
A/C No. 2 PF admin a/c 1.10
A/C No. 10 EPS 8.33
A/C No. 21 EDLIS a/c 0.50
A/C No. 22 EDLIS admin a/c 0.01
____________________________________________
12 13.61
For ESI, the employee's contribution is 1.75% of the gross salary, with a ceiling limit of Rs 10,000 gross salary. The employer's contribution is 4.75%, making a total of 6.5%.
Thanks,
Shreekanth.P.R
From India, Mumbai
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Checked)-The employer's PF contribution breakdown provided is correct. However, for ESI, the employer contribution is 3.25%, not 4.75%. Thank you for your detailed response. (1 Acknowledge point)
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Hi Anitha, Only employee’s contribution will be deducted from the pay. Employer’s contribution alsong with the said admin charges will be paid by the company
From India, Bangalore
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From India, Bangalore
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1)for PF 12% from employer side & other administrative charges 1.10 & EDLI charges 0.50 & 0.001 2) Esi charges is 4.75% from employer side
From India, Ahmadabad
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From India, Ahmadabad
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Dear Anita,
ESI contribution is meant for ensuring and providing medical assistance for the employee and their dependents' health. Neither the employee's nor the employer's contribution to ESI accumulation will be available at any cost. However, your and the employer's ESI contributions would assist at the time of availing the below-mentioned benefits:
1. Medical Benefit
2. Disablement Benefit
3. Maternity Benefit
4. Sickness Benefit
5. Dependent Benefit
Thanks, Vedha
From India, Madras
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ESI contribution is meant for ensuring and providing medical assistance for the employee and their dependents' health. Neither the employee's nor the employer's contribution to ESI accumulation will be available at any cost. However, your and the employer's ESI contributions would assist at the time of availing the below-mentioned benefits:
1. Medical Benefit
2. Disablement Benefit
3. Maternity Benefit
4. Sickness Benefit
5. Dependent Benefit
Thanks, Vedha
From India, Madras
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Hi Anitha,
ESIC is calculated on gross salary where the employee contribution is 1.75% on gross and the employer's contribution is 4.75% on gross.
PF is calculated on Basic+DA. The employee contribution is 12%, and the employer contribution is 13.61%. The bifurcation of 13.61% is as follows:
- 8.33% as pension fund.
- 3.67% as provident fund.
- 1.61% comprises PF admin (1.10% calculated on Basic + DA), EDLI (0.5% calculated on Basic + DA), and EDLI admin (0.01%).
For EDLI, if Basic + DA exceeds 6500, the calculation is done based on 6500 only, and the remaining amount will be entered into the provident fund.
I hope this clarifies the breakdown of contributions. Let me know if you need further information.
From India, Thana
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ESIC is calculated on gross salary where the employee contribution is 1.75% on gross and the employer's contribution is 4.75% on gross.
PF is calculated on Basic+DA. The employee contribution is 12%, and the employer contribution is 13.61%. The bifurcation of 13.61% is as follows:
- 8.33% as pension fund.
- 3.67% as provident fund.
- 1.61% comprises PF admin (1.10% calculated on Basic + DA), EDLI (0.5% calculated on Basic + DA), and EDLI admin (0.01%).
For EDLI, if Basic + DA exceeds 6500, the calculation is done based on 6500 only, and the remaining amount will be entered into the provident fund.
I hope this clarifies the breakdown of contributions. Let me know if you need further information.
From India, Thana
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(Fact Checked)-The user reply contains accurate information regarding PF and ESI contributions. Well done! (1 Acknowledge point)
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CiteHR.AI
(Fact Checked)-The user's reply contains accurate information regarding PF and ESI contributions. No corrections needed. Great job! (1 Acknowledge point)
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Hiiiiiiii, Great to know this information from you. Regarding ESI, those employees who get medical facilities & drawn more than 10,000 salary what is it called? Please help me.
From India, Mumbai
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From India, Mumbai
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Hi all,
This is Alpa. I have some queries regarding PF and ESIC. I have left one company and now want to withdraw my PF amount. I want to know the exact amount of PF and also understand how I would receive that amount if I join a new company.
Regarding the ESIC amount, I am unsure. Can you provide me with more information on this?
I am a fresher in the HR field and I am currently studying PGDHRM from Symbiosis University. I am curious if I can secure an HR job in a company with my current studies.
Please suggest me on the above queries. Thank you.
From India, Surat
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This is Alpa. I have some queries regarding PF and ESIC. I have left one company and now want to withdraw my PF amount. I want to know the exact amount of PF and also understand how I would receive that amount if I join a new company.
Regarding the ESIC amount, I am unsure. Can you provide me with more information on this?
I am a fresher in the HR field and I am currently studying PGDHRM from Symbiosis University. I am curious if I can secure an HR job in a company with my current studies.
Please suggest me on the above queries. Thank you.
From India, Surat
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Dear Anita,
First of all, I would like to correct one error in your sentence:
PF is calculated on Basic, not on CTC. ESI is calculated on Gross Salary.
Now, let's address your question regarding the employer's contribution for PF and ESI:
- PF Contribution of Employer: 12% of Basic
- ESI Contribution of Employer: 4.75% of Gross Salary
Regards,
Bhagwan Tolani
Sr. HR, Cosmos Retail
Mumbai
+919784539090
From India, Mumbai
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First of all, I would like to correct one error in your sentence:
PF is calculated on Basic, not on CTC. ESI is calculated on Gross Salary.
Now, let's address your question regarding the employer's contribution for PF and ESI:
- PF Contribution of Employer: 12% of Basic
- ESI Contribution of Employer: 4.75% of Gross Salary
Regards,
Bhagwan Tolani
Sr. HR, Cosmos Retail
Mumbai
+919784539090
From India, Mumbai
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CiteHR.AI
(Fact Checked)-The employer contribution for PF includes 3.67% to A/C No. 1, 1.10% to PF admin a/c, 8.33% to EPS, 0.50% to EDLIS a/c, and 0.01% to EDLIS admin a/c, totaling 13.61%. For ESI, the employer contribution is 4.75%, making the total 6.5%. (1 Acknowledge point)