P.F. AND ESI RETURN

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shivshanker

shivshanker (Querist)
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05 May 2011 how calculated the ESI or P.F.
and how to send return of P.F.& ESI

pls suggest me

thanks

sivakumar

sivakumar (Expert)
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07 May 2011 Hi Mr. Shivashanker my reply may be useful to you.

PF : Provident fund is calculated @ 12% on the basic
salary+DA+Food Allowence+Cash Allowence (Upto Rs.6,500/-and
above of the limit, Company can decide), which indeed is
deducted from Employee's salary and deposit in PF A/c No.1
and the same plus 12% on the basic is contributed by the
employer and deposit 3.67% in the A/c No.1 and remaining
8.33% in A/c No.10 of Pension fund (which is calculated on
the maximum limit of PF Rs.6500/-). So the aggreate 12% +
12% is remitted to the Provident fund Department

ESI : Employee State Insurance is calculated at 1.75% on
the gross salary of the employees whose salary is below Rs.
10000/-permonth (w.e.f 2008) and Employer contributes 4.75%
on the gross salary of the employee and the agreegate 1.75%
+ 4.75% is remitted to the ESI Department

sivakumar

sivakumar (Expert)
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07 May 2011 ESI is contributed from both the sides Employee as well as Employer.
It is been calculated on the basis of Gross salary per month and the maximum ceiling is 10000 Rs./Month.
The contribution from both the sides is as below-

Employee Side- 1.75% of gross/month
So if gross of an employee is 8000/month then
ESI contribution would be 8000*1.75% = 140 Rupees

Employer side- 4.75% of gross/month
ESI contribution would be 8000* 4.75% = 380 Rupees.

PF is also contributed from both the sides @ 12% of Basic salary only. Out of employer's 12%, 8.33% goes to Pension Fund and rest 3.67% goes to PF fund.

ESIC challans are deposited at every month on or before the 21st of the month, where as return is submitted half yearly along with the copy of challans deposited.

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shivshanker

shivshanker (Querist)
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07 May 2011 but how to be deposited the deducted amount in pf or esi a/c
is it deposited through of by any challan or by bank
how to be filled PF return or ESI return

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POOJA SACHDEVA

POOJA SACHDEVA (Expert)
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07 May 2011 Dear Concern

Pf return send through Form 12 and also enclosed form 5 & 10 in form 12 all the details of pf mentioned accordingly

for Esic Online is required Form 5OF eSIC CHALLAN THAT WILL BE SUBMITED TO SBI BANK
ESIC MAXIMUM CEILING FOR NON DEDUCTION IS RS 15000/- NOT 10000/-
IF ANY QUERY IS REMAINING SO PLS REPLY

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