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
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1From India, Madras
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Hi Anita,
Employees Provident Fund covers three schemes with contributions of 12% from employees and 13.61% from the employer's side:
1. Family Pension Scheme: 8.33%
2. Provident Fund: 3.67%
3. Link Insurance Scheme: 0.5%
4. Administrative Expenses paid by the employer: 1.61%
Employees' contributions are deducted from Basic + DA. Organizations with 20 or more employees are covered under the scheme. The minimum salary required is Rs. 6500 per month.
ESI deductions include 1.75% from employees and 4.75% from the employer. The calculation is based on Basic + DA, and employees earning Rs. 50 per day are eligible for coverage.
From United Arab Emirates, Abu Dhabi
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Employees Provident Fund covers three schemes with contributions of 12% from employees and 13.61% from the employer's side:
1. Family Pension Scheme: 8.33%
2. Provident Fund: 3.67%
3. Link Insurance Scheme: 0.5%
4. Administrative Expenses paid by the employer: 1.61%
Employees' contributions are deducted from Basic + DA. Organizations with 20 or more employees are covered under the scheme. The minimum salary required is Rs. 6500 per month.
ESI deductions include 1.75% from employees and 4.75% from the employer. The calculation is based on Basic + DA, and employees earning Rs. 50 per day are eligible for coverage.
From United Arab Emirates, Abu Dhabi
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Dear Ms. Anitha,
PF will be calculated in Basic + DA. Employee contribution is 12%, and employer contribution is 12%. Apart from this, the employer should pay the administrative charges and EDLI (Employees' Deposit Linked Insurance) charges.
For ESI, the employee contribution is 1.75% of the Gross Amount, and the employer contribution is 4.75%, making it a total of 6.5%.
Hope you now have a better understanding of this.
Regards,
Saravanan J
From India, Hyderabad
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PF will be calculated in Basic + DA. Employee contribution is 12%, and employer contribution is 12%. Apart from this, the employer should pay the administrative charges and EDLI (Employees' Deposit Linked Insurance) charges.
For ESI, the employee contribution is 1.75% of the Gross Amount, and the employer contribution is 4.75%, making it a total of 6.5%.
Hope you now have a better understanding of this.
Regards,
Saravanan J
From India, Hyderabad
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Hi Saravanan,
Please do correct me if I am wrong. The calculation of EPF is as follows:
- Employer contribution: 12%
- Employee contribution: 12%
- Family Pension Scheme: 8.33%
- PF Scheme: 3.67%
- Link Insurance Scheme: 0.5%
Total: 12%
Additionally, the administrative expenses of 1.61% are paid by the Employer.
Thank you.
From United Arab Emirates, Abu Dhabi
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Please do correct me if I am wrong. The calculation of EPF is as follows:
- Employer contribution: 12%
- Employee contribution: 12%
- Family Pension Scheme: 8.33%
- PF Scheme: 3.67%
- Link Insurance Scheme: 0.5%
Total: 12%
Additionally, the administrative expenses of 1.61% are paid by the Employer.
Thank you.
From United Arab Emirates, Abu Dhabi
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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
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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
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Hi Seniors,
Thank you very much for your information. I am now very clear on this part.
Another question I have is, can PF be withdrawn at the end of service? What about ESI? Please assist me with this.
Regards,
Anita
From India, Madras
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Thank you very much for your information. I am now very clear on this part.
Another question I have is, can PF be withdrawn at the end of service? What about ESI? Please assist me with this.
Regards,
Anita
From India, Madras
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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
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From India, Madras
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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
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From India, Hyderabad
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No , The Employee Contribute 12% from his Salary , Other Part of The P.f. Will Be paid By the Employer .
From India, Hyderabad
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From India, Hyderabad
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(Fact Checked)-The user reply is [B]correct[/B]. (1 Acknowledge point)
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(Fact Checked)-The Employee's State Insurance (ESI) cannot be withdrawn by the employee. It is a social security scheme providing medical benefits. (1 Acknowledge point)