03 March 2013
hey guys please lemme know the contributions made by the Employer and Employee for the following-(For Assessment Year 2013-14) 1. Provident Fund 2. ESIC
and also the administration charges made by the Employer for the following- 1. Provident Fund 2. ESIC.
03 March 2013
Both employer and employer contribute 12% of basic salary towards provident & Pension fund. Employers are require to pay 1.1% of basic as administration charges, .0.5% of pension basic as EDLI and .01% of pension basic towards EDLI admin charges.
Rate of contributions for ESI are 1.75% and 4.75% of total salary by employee and employer respectively.
CAclubindia
