About PF, EPF & ESI

Dear sir,
Can you please suggest me about the bellow quarries?
1. Basic knowledge about PF, EPF & ESI.
2. Rates of above (both Employee & Employer)
3. Basic rules and regulations (Maximum 5 or 6 important points)
4. About sales tax (both central & local)
Actually I am a fresh accountant, and I have an interview today. So kindly help me and give me some knowledge about the above.
I am waiting your reply.
Thanks
Sambit

Hi Sambit,
ESI is contributed from both the sides Employee as well as Employer.
It is been calculated on the basis of Gross salary per month and the maximum ceiling is 10000 Rs./Month.
The contribution from both the sides is as below-
Employee Side- 1.75% of gross/month
So if gross of an employee is 8000/month then
ESI contribution would be 8000*1.75% = 140 Rupees
Employer side- 4.75% of gross/month
ESI contribution would be 8000* 4.75% = 380 Rupees.
Regards,
Amit Seth.

Hi Sambit,
To know about PF and EPF, go through the link given below...
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Regards,
Amit Seth.

Hi Mueen84,
You can get basic information on PF & ESI from a payroll angle at GreytipOnlineWiki: PF_Faqs. Hope this helps.
Regards
Girish

Hello All,
I want to ask one ques. about EPF and ESI..
Is there any alternate/rules to avoid EPF and ESI in the organization of above 20 employees?
Please suggest me something as soon as possible...
Waiting for Reply!!

Hi Sambit,
Since you are going for an interview, guess the following will help.
Fundamentally, Provident fund is a retirement benefit for employees, while ESI provides medical insurance facilities. Both the schemes are social benefit schemes and are governed by central acts. The Govt of India mandates that in absence of a comprehensive social security system in India, employers in India necessarily have to provide these benefits to employees subject to conditions.
best of luck
vineet
eVetan.com