26 March 2009
HELLO EVERYBODY. I M SACHIN B.COM/MBA(FINANCE) NOW GETTING KNOWLEDGE OF ACCOUTS AND TAXES.
CAN ANYONE TELL ME ABOUT ESI AND PF IN A CORPORATE HOUSE.HOW MUCH PF BE DEPOSITED BY EMPLOYER AND AT WHICH DATE ARE THEY HAVE TO DEPOSIT ANNUALLY OR MONTHLY.
26 March 2009
PF is complusorily deductable for employees getting the Basic pay & DA of less than Rs 6500 @12% and the matching contribution is made by the employer.
ESI is complusorily deductable for employees getting the salary of less than Rs 10000/- (including all monthly allowances) @1.75% of the total salary and employer has to contribute @4.75%
The Due date for deposit of PF & ESI with the statutory authorities is 20th of next month.
CAclubindia
