Dear All Seniors,
Please let your Junior Knows about ESI and PF Deductions,
I.e, From Which Components of salary breakups ESI and PF will be deducted,
Feel Happy To see Your replay. Thank you dear all.
From India, Bangalore
Please let your Junior Knows about ESI and PF Deductions,
I.e, From Which Components of salary breakups ESI and PF will be deducted,
Feel Happy To see Your replay. Thank you dear all.
From India, Bangalore
Dear Arul,
P.F. is deductible on Basic+D.A.
Account Number Deduction %
1 12+3.67% (P.F. Emplr + Employee)
2 1.1 (Admin. charges)
10 8.33 (Pension)
21 0.5 (E.D.L.I.)
22 0.01 (E.D.L.I. Inspection Charges)
ESI is deductible on Gross Salary. (i.e. Basic+D.A.+medical+hra etc.)
1.75% of Employee + 4.75% of Employer
From India, Pune
P.F. is deductible on Basic+D.A.
Account Number Deduction %
1 12+3.67% (P.F. Emplr + Employee)
2 1.1 (Admin. charges)
10 8.33 (Pension)
21 0.5 (E.D.L.I.)
22 0.01 (E.D.L.I. Inspection Charges)
ESI is deductible on Gross Salary. (i.e. Basic+D.A.+medical+hra etc.)
1.75% of Employee + 4.75% of Employer
From India, Pune
Dear Arul,
I once a time I was also so confused about these all thinks. But through help of friends & seniors I am developing myself.
Gurru always remember that:
Hum kisiko help karege to hme milegi,
siokhnewala kahi se b sikh lega,
to better hai ki hum hi nimitt bne.
As per my opinion this site & followers are follow the Geetasar.
Give & Take. Take & Give...
Best regards,
Kalpesh Parekh
(MLW)
From India, Pune
I once a time I was also so confused about these all thinks. But through help of friends & seniors I am developing myself.
Gurru always remember that:
Hum kisiko help karege to hme milegi,
siokhnewala kahi se b sikh lega,
to better hai ki hum hi nimitt bne.
As per my opinion this site & followers are follow the Geetasar.
Give & Take. Take & Give...
Best regards,
Kalpesh Parekh
(MLW)
From India, Pune
Dear Arul,
The Security Agency supplies two guards, please advise if this is correct according to his working:
Salary Rs 6000/-
Employee PF @ 12% Rs 480/-
Employee ESI @ 1.75% Rs 115/-
Employer PF contribution paid by client @ 13.6% Rs 544/-
Employer ESI Contribution paid by client @ 4.7% Rs 313
Sub Total Rs 7452/-
Service Charges Rs 1250/-
Total Rs 8702/-
Service Tax 10% Rs 870/-
Cess on Service Tax @ 3% Rs 26/-
Total Rs 9598/-
Total for two guards Rs 19196/-
If we pay by cash we do not pay all these taxes etc...but a flat sum of Rs 12000/- for two guards
If we pay by cheque then it has to be Rs 19196/- for two guards.
Question is we pay such a lot for services etc then why are we to pay the Employer's share of the
PF and ESI.
The pay packet of the Security Guard carries a different figure from the above.
We are paying Rs 12000 plus Rs 846 covering PF and ESI Total Rs 12846/-
We pay the agency Rs 3000/- as his commission for tax etc, he refuses to take this by cheque and
wants cash Rs 15846/- failing which we have to pay as per his above working
Please advise as we can see this as shear corruption
Thank you
From India, Bangalore
The Security Agency supplies two guards, please advise if this is correct according to his working:
Salary Rs 6000/-
Employee PF @ 12% Rs 480/-
Employee ESI @ 1.75% Rs 115/-
Employer PF contribution paid by client @ 13.6% Rs 544/-
Employer ESI Contribution paid by client @ 4.7% Rs 313
Sub Total Rs 7452/-
Service Charges Rs 1250/-
Total Rs 8702/-
Service Tax 10% Rs 870/-
Cess on Service Tax @ 3% Rs 26/-
Total Rs 9598/-
Total for two guards Rs 19196/-
If we pay by cash we do not pay all these taxes etc...but a flat sum of Rs 12000/- for two guards
If we pay by cheque then it has to be Rs 19196/- for two guards.
Question is we pay such a lot for services etc then why are we to pay the Employer's share of the
PF and ESI.
The pay packet of the Security Guard carries a different figure from the above.
We are paying Rs 12000 plus Rs 846 covering PF and ESI Total Rs 12846/-
We pay the agency Rs 3000/- as his commission for tax etc, he refuses to take this by cheque and
wants cash Rs 15846/- failing which we have to pay as per his above working
Please advise as we can see this as shear corruption
Thank you
From India, Bangalore
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