Does P.F and E.S.I include in Gross salary

siddhu1914 · #11 12-10-2009, 05:22 PM

Hi,

ESI and PF will deduct from gross salary (i.e. employee contribution) employer contribution will deduct from CTC, Total earnings are called gross, after deductions of ESI, PF, PT & IT will called Net salary.

12% of PF will deducted from employee salary and 13.61% will pay the employer, breakup is given below please follow it.

Employee Contribution :-12%
Total Employer Contribution:- 13.61%
8.5% will credit in to employee penssion scheme & 3.5% will credit in to employee PF account and rest of 1..61% is for adminstration charges.

Regards
Srinivasa Rao Somisetty

Rashmi.N.Yadav · #12 12-10-2009, 05:45 PM

Hi ,

Gross Pay- Deductions= Net Pay.

Earnings[Basic+HRA+Conveyance+Medical+refreshment+Other Allowance]=Gross Pay
Deductions[PT+IT+PF+ESI]

Rashmi N yadav

munmun.bhoir · #13 12-10-2009, 06:56 PM

The employee contribution of ESI & PF is only included in gross salary.

Thanks,
Munmun

mondalhr · #14 12-10-2009, 08:02 PM

yes............legally "Sarita thakur12345" is right................

esicpfconsultants · #15 12-10-2009, 09:47 PM

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naidu.vani143 · #16 13-10-2009, 09:10 AM

Dear,

PF is deducted only on Basic+DA, whereas ESI deducted on Gross salary of an employees ( Does not include the Washing allowance, Petrol allowance and recreation allowances) and ESI also deducted on OT.

Regards,

S.Y. Naidu

yogeshsurti · #17 13-10-2009, 09:34 AM

Quote:

Originally Posted by sarita_thakur12345

esi include on gross salary with deduction 4.75% from employer and 1.75% from candidate.

for pf there will be deduction on basic+da 12% from both 1.61% administrative charges paid by employer

Does pf should be deducted on minimum wages or it can be bellow Minmum wages
Regards
Yogesh Surti

Prabakl · #18 13-10-2009, 10:19 AM

Yes Mr. Kumar, PF & ESI is including the employee's gross salary.
In this PF 12% from employee & 12% from employer.

kashinathamch · #19 13-10-2009, 11:18 AM

Gross Salary is the sum of earings like Basic, Fixed DA, Variable DA, HRA, Conveyance, Education Allowance etc., out of which all deductions like Statutory PF, Voluntary PF if any of employee (12% of Basic+FDA+VDA) and ESI of employee etc appear. Therefore, gross includes definitely PF & ESI though as PF & ESI it does not appear among the earnings.

Vasant Nair · #20 13-10-2009, 11:58 AM

Dear Friend,

For ESI deductions it is the Gross Salary that is taken into account.

For PF it the Basic Wage + DA.

Vasant Nair