EPF & ESI

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 June 2011 can nybody tell me the calculation of employee & employer contribution to provident fund & employee & employer contribution to Employee state Insurance. & also how we take it in the books of accounts of organization. plz explain

B R Ramesh

B R Ramesh (Expert)
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19 June 2011 Hi

Employee cont ESI 1.75%
Employer Cont ESI 4.75%

Employee cont EPF 12%
Employer Cont EPF 13.45%

all the employer contibution will be debited to the P & L account.

Querist : Anonymous

Querist : Anonymous (Querist)

20 June 2011 and what abt the employee contribution. how we treat it in P&L. how we calculate this contribution mean 1.75% on salary or what. plz explain.

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