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arun silvester Started The Discussion:

How to calculate pf and esi

leo19 -  Member Since: Jul 2009
ESI is the 5% of the basic salay in which 4.5 is contributed by the employeer and0.5 is deducted from employee salay appx. PF is the 12 % of basic salary of the employee and 12% employeer contributes which comes out to be 24 % in total.

I hope this would help u.

Regards
Anil

h.sree_hr -  Member Since: May 2009
PF :
Employer Contribution:

3.67% = Provident Fund (A/c No.1)

8.33% = Pension Fund (A/c No.10)

0.5% = EDLIS -Employees Direct Linked Insurance Scheme (A/c No.21)

Administrative Charges:

1.10% of emoluments = Provident Fund (A/c No.2)

0.01% of emoluments = EDLIS (A/c No.22)


Employee Contribution: 12%

ESI :-
Employees covered under the scheme are persons whose monthlygross salary is of less than Rs.10, 000


By the eligible employees --1.75% of Gross wages
By the employer -- 4.75% of Gross wages including administrative charges


Pl. find the enclosed files posted by seniors which can help you to understand better
PF Challan.xls

ESI.ppt

provident_fund_134[1].ppt





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