Provided fund & esic

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 July 2013 I would like to know the calculation for PF & ESIC for Employee & Employer's share.
If my salary is Rs.7500/-p.m. & basic is 3629 my pf contribution for the same 12% of 3629 i.e. Rs.435/- for employee share i would like to know the employer share for the same.and my ESIC is Rs.128/- what is employer contribution for the same. (ESIC is 1.75% of 7259/-) is it correct calucaltion.

Pls revert back for the same.

Regards,

Madhuri Karan

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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06 July 2013 Yes. employer PF share also same 12% Rs.435 only. but employer share will be divided in to 2 part one is Pension fund 8.33% and Provident fund 3.67% total 12%

ESIC is employer & employee contribution will differ, Employee contribution is 1.75% on gross and employer contribution is 4.75% on gross

Querist : Anonymous

Querist : Anonymous (Querist)

08 July 2013 since employer contribution for pension fund is 8.33% how will come that amount has deposited by employer and while leaving the organisation how will claim the same.???

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Querist : Anonymous

Querist : Anonymous (Querist)

08 July 2013 since employer contribution for pension fund is 8.33% how will come that amount has deposited by employer and while leaving the organisation how will claim the same.???

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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08 July 2013 you can withdraw or transfer the pension fund by using form 10C

Querist : Anonymous

Querist : Anonymous (Querist)

09 July 2013 since in my pf slip employee contribution is rs. 637 and employer contribution is rs. 195. Would like to know has my employer paid pension fund??

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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09 July 2013 Generally employer has no option to pay the PF & Pension fund separately, need to pay together only. in case any issue, you can check your balance online PF a/c