What is the minimum salary or wage for calculation of PF & ESI?
13 Replies
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?
(Guest)
| Originally posted by :Shashi Kumar C.G. | ||
| " | What is the minimum salary or wage for calculation of PF & ESI? | " |
(Guest)
| 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.
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
