PF AND ESI

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UMASHANKAR M S

UMASHANKAR M S (Querist)
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15 December 2008 Dear Experts

How much rate of % PF and ESI,

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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15 December 2008 Provident Fund:(Employer & Employee)

Statutory rate of contribution is 12% of emoluments (basic wages, dearness allowance, cash value of food concession and retaining allowances if any,)

ESI:-

Employee: 1.75% on gross amount
Employer: 4.75% on gross amount + 1.1% on gross amount to be paid as contribution towards ESI by Employer.

Ravikumar.G

Ravikumar.G (Expert)
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15 December 2008 Provident Fund Scheme :

12% (Employee's)

Amount>8.33% (in case where contribution is 12% of 10%) 10% (in case of certain Establishments as per details given earlier)(Employer's)

Insurance Scheme: NIL(Employee's) 0.5% (Employer's) NIL (CG)

Pension Scheme: NIL (Employee's)

8.33%(Diverted out of Provident Fund) (Employer's)
1.16% (CG)

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Ravikumar.G

Ravikumar.G (Expert)
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15 December 2008 ESIC :

Rate of contribution of the wages

Employer's 4.75%
Employee's 1.75%

UMASHANKAR M S

UMASHANKAR M S (Querist)
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18 December 2008 Thanks