Hi Seniors, I know PF contribution is 12% of the CTC and ESI contribution is 1.75% of the CTC.Please suggest me how much the employer contribution should be? Regards, Anita
From India, Madras
From India, Madras
Hi Anita,
Employees Provident Fund covers three schemes and the contribution both from employees 12% and 13.61 from Employer side.
1. Family Pension Scheme : 8.33%
2. Provident Fund : 3.67%
3. Link Insurance Scheme : .5%
4. Administrative Expences paid by employer : 1.61%
Employees contribution is taken from Basic + DA. Organization employee 20 or more are covered under he scheme. Min Salary Required is Rs.6500/- per month.
ESI:1.75% from Employees and 4.75% through employer contribution.
The calculation is based on Basic + DA. Employee drawing Rs.50/- per day are eligible for the coverage
From United Arab Emirates, Abu Dhabi
1Employees Provident Fund covers three schemes and the contribution both from employees 12% and 13.61 from Employer side.
1. Family Pension Scheme : 8.33%
2. Provident Fund : 3.67%
3. Link Insurance Scheme : .5%
4. Administrative Expences paid by employer : 1.61%
Employees contribution is taken from Basic + DA. Organization employee 20 or more are covered under he scheme. Min Salary Required is Rs.6500/- per month.
ESI:1.75% from Employees and 4.75% through employer contribution.
The calculation is based on Basic + DA. Employee drawing Rs.50/- per day are eligible for the coverage
From United Arab Emirates, Abu Dhabi
Dear Ms.Anitha
PF will be calculated in Basic + DA.
Employee contirbution is 12% and Employer contribution is 12%
Apart from this employer should pay the administrative charges, EDLI (Employees deposit linked insurance) charges.
For ESI, the employee contribution is 1.75% in Gross Amount and employer contribution is 4.75% altogether is 6.5%.
Hope you would have got some idea on this.
regards
Saravanan J
From India, Hyderabad
PF will be calculated in Basic + DA.
Employee contirbution is 12% and Employer contribution is 12%
Apart from this employer should pay the administrative charges, EDLI (Employees deposit linked insurance) charges.
For ESI, the employee contribution is 1.75% in Gross Amount and employer contribution is 4.75% altogether is 6.5%.
Hope you would have got some idea on this.
regards
Saravanan J
From India, Hyderabad
Hi Saravanan,
Please do correct me if i am wrong. The calculation of EPF is on 12% from Employer and Employees
Family Pension Scheme 8.33%
PF Scheme 3.67%
Link Insurance Scheme .5%
Total 12%
and the administrative expences of 1.61% is paid by the Employer.
From United Arab Emirates, Abu Dhabi
Please do correct me if i am wrong. The calculation of EPF is on 12% from Employer and Employees
Family Pension Scheme 8.33%
PF Scheme 3.67%
Link Insurance Scheme .5%
Total 12%
and the administrative expences of 1.61% is paid by the Employer.
From United Arab Emirates, Abu Dhabi
Dear Anita,
PF DEDUCTION:-
EMPLOYEE = 12% (OF BASIC SALARY)
EMPLOYER = 12 % (OF BASIC SALARY) + ADMIN CHARGES = 1.61 % (OF BASIC SALARY)
ESI DEDUCTION:-
EMPLOYEE = 1.75 % (OF GROSS SALARY)
EMPLOYER = 4.75 % (OF GROSS SALARY)
Regards,
Pankaj Chandan
From India, New delhi
PF DEDUCTION:-
EMPLOYEE = 12% (OF BASIC SALARY)
EMPLOYER = 12 % (OF BASIC SALARY) + ADMIN CHARGES = 1.61 % (OF BASIC SALARY)
ESI DEDUCTION:-
EMPLOYEE = 1.75 % (OF GROSS SALARY)
EMPLOYER = 4.75 % (OF GROSS SALARY)
Regards,
Pankaj Chandan
From India, New delhi
Hi Seniors,
Thanks a lot for your information.I am very clear on this part now.
Another query I have is PF can be withdrawn at the end of the service.But what about ESI?
please help me on this.
Regards,
Anita
From India, Madras
Thanks a lot for your information.I am very clear on this part now.
Another query I have is PF can be withdrawn at the end of the service.But what about ESI?
please help me on this.
Regards,
Anita
From India, Madras
Hi Seniors, Will both employer & employee contribution for PF will be deducted from Employee’s pay.Iam bit confused on this. Regards, Anita
From India, Madras
From India, Madras
Dear Anita The Employer Contribution in PF is in 13.61% It is Devided into 5 A/c in PF Challan , It is 3.67%,8.33%,1.10%, .01%,.05% .
From India, Hyderabad
From India, Hyderabad
No , The Employee Contribute 12% from his Salary , Other Part of The P.f. Will Be paid By the Employer .
From India, Hyderabad
From India, Hyderabad
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
PF & ESI.zip
Presentation PF&ESI.ppt
Exp.and esi pf mis format.xls