ESIC & PF
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 July 2010
If gross salary brk up is:
Basic 9000
HRA 3000
other 2800
total 14800
PF is: 9000*12% (employee contri)
9000*13.61% (employers)
ESIC @ 4.75% & 1.75%
If employee worked only for 20 days then will there be any change in PF & ESIC calc.
Is ESIC calc on gross salary(standard) or gross payable (considering absent days)
pls pls answer with the amts in example.
Basic 9000
HRA 3000
other 2800
total 14800
PF is: 9000*12% (employee contri)
9000*13.61% (employers)
ESIC @ 4.75% & 1.75%
If employee worked only for 20 days then will there be any change in PF & ESIC calc.
Is ESIC calc on gross salary(standard) or gross payable (considering absent days)
pls pls answer with the amts in example.
10 July 2010
ESI & PF is deducted on the amount the company has paid you. In case the company pays you salary for 20 days, then PF & ESI will be deducted on salary of 20 days only.
Amount will be >
Salary paid for 20 days
Basic 9000*20/30 = 6000
HRA 3000*20/30 = 2000
Other 2800*20/30 = 1867
Total = 9867
PF = 12% of 6000 = 720
ESI will be = 6.5% of 9867 = 641
Amount will be >
Salary paid for 20 days
Basic 9000*20/30 = 6000
HRA 3000*20/30 = 2000
Other 2800*20/30 = 1867
Total = 9867
PF = 12% of 6000 = 720
ESI will be = 6.5% of 9867 = 641
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Querist : Anonymous
Querist :
Anonymous
(Querist)
10 July 2010
thanks sir!!
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