What is the minimum salary or wage for calculation of PF & ESI?
Shashi Kumar C.G. (Articled) (158 Points)
10 July 2008What is the minimum salary or wage for calculation of PF & ESI?
jatin
(studying)
(37 Points)
Replied 11 July 2008
ESI is to deducted at the rate of 1.75% on those emloyees whose gross salary excluding Conveyance is less than Rs10,000....And EPF has to be deducted of every employee @ 12% on the BASIC+DA..there is no limit regardind deduction of EPF......
minal mathia
(CA)
(20 Points)
Replied 12 July 2008
Does PF / ESIC needs to be dedudcted only on employees confirmed ie. post completion of probation period?
| Originally posted by :Shashi Kumar C.G. | ||
| " | What is the minimum salary or wage for calculation of PF & ESI? | " |
| Originally posted by :Guest | ||
| " | Originally posted by :Shashi Kumar C.G. " What is the minimum salary or wage for calculation of PF & ESI? " |
" |
maruthirao
(accountant)
(22 Points)
Replied 13 June 2009
| Originally posted by :Guest | ||
| " | Originally posted by :Shashi Kumar C.G. " What is the minimum salary or wage for calculation of PF & ESI? " |
" |
G.Ramesh
(Accounts Professional)
(1089 Points)
Replied 14 June 2010
PF Must be deducted on Minimum Wages, as pe the state minimum wages act...ESI also same...If Basic Salary is More than 6500/- no need to deduct PF.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
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