How Do We Calculate Professional Tax,esi,pf,tds - ZIP Download

Dear friend,

Please find the details attached below regarding the calculation of PT, ESIC, PF, etc.

Thank you.

Dear All,

This is Shravan. As per my understanding, ESI will be deducted up to Rs. 15,000 gross in Andhra Pradesh.

Hi all,

I just read all the comments of PT, but what I used to think is that PT is something which is described by state governments, and they revise the PT rates quite often. Is it true?

Dear All,

ESI limit is Rs. 15,000/- not Rs. 10,000. The calculation is 1.75% of the gross salary from the employee's side and 4.75% from the employer's side.

PT varies from state to state.

PF will be 12% of Basic. You can limit it to Rs. 780 as per the law. Two portions will be calculated - 12% from the Employee and 12% from the Employer.

If any employee is getting a basic salary of more than Rs. 6,500, they can opt out of PF, but they need to submit Form 11 for the same.

Regards,
Suneel.