Hi Seniors,
Please tell me if washing allowance is being added in gross (for Esic benefit) & if incentives are the matter of gross salary.
& Also what r the function of pf accounts 1,2 10,21,22 except theoretical use.
From India, Gurgaon
3Please tell me if washing allowance is being added in gross (for Esic benefit) & if incentives are the matter of gross salary.
& Also what r the function of pf accounts 1,2 10,21,22 except theoretical use.
From India, Gurgaon
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
From India, Mumbai
Incentives paid in intervals of not more than two months will form part of 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 in to these accounts are, Employees' share of Provident Fund being 12% and employer's share to Provident Fund being 3.67% to A/C No 1, Employer's share of Pension Fund being 8.33% to A/C No 10, Administration Charges payable by the employer @ 1.1% of 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 administration of EDLI @ 0.05% to A/C No 22.
Regards,
Madhu.T.K
From India, Kannur
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 in to these accounts are, Employees' share of Provident Fund being 12% and employer's share to Provident Fund being 3.67% to A/C No 1, Employer's share of Pension Fund being 8.33% to A/C No 10, Administration Charges payable by the employer @ 1.1% of 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 administration of EDLI @ 0.05% to A/C No 22.
Regards,
Madhu.T.K
From India, Kannur
Dear All
Good Day!
Please clarify me, when the employee would like to claim his PF amount when he is leaving from a firm. How much would he will get apart from employee and employer share. Is the government will put any share on the amount or give any interest to that whole money. If so please give me the percentage details.
Thanks and Regards
Elizabeth Antony
From India, Madras
Good Day!
Please clarify me, when the employee would like to claim his PF amount when he is leaving from a firm. How much would he will get apart from employee and employer share. Is the government will put any share on the amount or give any interest to that whole money. If so please give me the percentage details.
Thanks and Regards
Elizabeth Antony
From India, Madras
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1 Guidlines On PF to be charged on all other allowances 05032019.pdf
Special Allowances 01 July To 31 Dec..doc