Suppose the gross salary of an employee is incremented from Rs. 20,000 to Rs. 22,000 in the month of July. What will be the ESIC employer and employee contributions and how long? Suppose the basic salary is also incremented from Rs. 14,000 to Rs. 16,000 in the month of July. What will be the PF employer and employee contributions?
Please let me know if you need further assistance.
From India, Kolkata
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3Please let me know if you need further assistance.
From India, Kolkata
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ESIC= Contribution will continue on Gross upto sept 2018 salary paid in Oct 18 EPFO = 12% of Basic from employee and employer both on the increased basic
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On which gross salary amount,esic contribution has to be calculated upto sept???
From India, Kolkata
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From India, Kolkata
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If salary increases and exceeds ESIC limit of more than 21000, the contribution will continue up to September 2018. Therefore, employee membership will start up to September salary.
The PF limit is 15000. If employees are not interested in continuing their membership in PF, they can withdraw their membership.
From India, Jalalpur
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The PF limit is 15000. If employees are not interested in continuing their membership in PF, they can withdraw their membership.
From India, Jalalpur
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Dear Pritam,
PF contribution will be on the enhanced basic subject to a maximum of ₹15,000 per month if your organization is not interested in paying contributions on basic salary beyond ₹15,000 per month, which is the statutory limit.
ESIC contribution will be based on the enhanced monthly gross pay (in your case ₹22,000 per month) up to September '18, payable in October '18.
I trust this information will address your query.
Thanks & Regards,
S K Bandyopadhyay
USD HR Solutions
From India, New Delhi
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PF contribution will be on the enhanced basic subject to a maximum of ₹15,000 per month if your organization is not interested in paying contributions on basic salary beyond ₹15,000 per month, which is the statutory limit.
ESIC contribution will be based on the enhanced monthly gross pay (in your case ₹22,000 per month) up to September '18, payable in October '18.
I trust this information will address your query.
Thanks & Regards,
S K Bandyopadhyay
USD HR Solutions
From India, New Delhi
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Salary Sheet & PF PT Calculation & Challan Nov 2010.xls
PF Contribution on Leave Encashment - Clarification by EPFO.pdf