Respected Sir/Madam,
I am working as an associate consultant. I need information about the PF, ESI, Bonus, LTC, and Medical calculation for my interview. I have another query: what is 8.33% related to? Is it related to PF or bonus?
Please help me. Send the answer to my personal email address: sahay.archana@gmail.com.
From India, New Delhi
Acknowledge(0)
Amend(0)
1I am working as an associate consultant. I need information about the PF, ESI, Bonus, LTC, and Medical calculation for my interview. I have another query: what is 8.33% related to? Is it related to PF or bonus?
Please help me. Send the answer to my personal email address: sahay.archana@gmail.com.
From India, New Delhi
Acknowledge(0)Amend(0)
This is very wide topic.In pf 8.33% is the percentage for EPS(Employee pension Scheme and it is bonus limit is 8.33 to 20%. Regards Lata
From India, New Delhi
Acknowledge(0)Amend(0)
From India, New Delhi
Acknowledge(0)Amend(0)
Lalita, you have mentioned logical quotes. Well, the Provident Fund (PF) contribution from the employee is 12% of the Basic salary, and from the employer's side, it is 8.33% towards the Pension fund (up to Rs. 541) and 3.67% towards the PF.
For the Employee State Insurance Corporation (ESIC), the contribution from the employee is 1.75% of the Gross salary, and from the employer, it is 4.75%.
Regarding Bonus, the eligibility criterion is having worked for at least 30 days in the last preceding year. The bonus is calculated from the Basic salary, ranging from 8.33% to 20%, capped at Rs. 3500, for employees aged between 15 to 18 years, with a minimum of Rs. 100.
Leave Travel Concession (L.T.C.) is paid based on the last Basic salary divided by 12 months (April to March) multiplied by the months served. For example, if an employee is relieved on the 31st of August after working from April to August (5 months), the calculation would be 25000/12*5.
From India, Ahmadabad
Acknowledge(0)Amend(0)
For the Employee State Insurance Corporation (ESIC), the contribution from the employee is 1.75% of the Gross salary, and from the employer, it is 4.75%.
Regarding Bonus, the eligibility criterion is having worked for at least 30 days in the last preceding year. The bonus is calculated from the Basic salary, ranging from 8.33% to 20%, capped at Rs. 3500, for employees aged between 15 to 18 years, with a minimum of Rs. 100.
Leave Travel Concession (L.T.C.) is paid based on the last Basic salary divided by 12 months (April to March) multiplied by the months served. For example, if an employee is relieved on the 31st of August after working from April to August (5 months), the calculation would be 25000/12*5.
From India, Ahmadabad
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
PF & ESI CALCULATION SHEET EXAMPLE.xls