Hi sir, I am very much confused with PF & ESIC calculation. Can you please provide the full calculation for PF & ESIC for 2013-14 as per the state wise. Your help in this matter is appreciated.
From India, Kumar
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1From India, Kumar
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Salary breakup is as follows:
Basic: 1000
DA: 500
HRA: 400
Others: 1000
Gross Salary: 2900
For PF:
**
(Basic + DA) * 12% means: (1000 + 500) / 100 * 12 (same from the company) and other admin. charges 1.61%
Maximum up to 6500/-
For ESI:
**
Gross salary * 1.75%
From employee salary deduction means: 2900 / 100 * 1.75
From Employer: 2900 / 100 * 4.25
Maximum up to 15000/-
From India, Panipat
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Basic: 1000
DA: 500
HRA: 400
Others: 1000
Gross Salary: 2900
For PF:
**
(Basic + DA) * 12% means: (1000 + 500) / 100 * 12 (same from the company) and other admin. charges 1.61%
Maximum up to 6500/-
For ESI:
**
Gross salary * 1.75%
From employee salary deduction means: 2900 / 100 * 1.75
From Employer: 2900 / 100 * 4.25
Maximum up to 15000/-
From India, Panipat
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Salary Sheet & PF PT Calculation & Challan Nov 2010.xls