What is the Maximum Limit of Pf & ESIC Deduction.. CiteHR
CiteHR
 
HOME ANSWERED NEW ABOUT LOGIN
Home > Human Resource Section > Employee Compensation & Benefits

What is the Maximum Limit of Pf & ESIC Deduction

singh_sanjay Started The Discussion:

Dear Sir Let me know that any changes in PF & ESIC Maximum Limit on which PF & ESIC Dedution. Regards Sanjay

sreekumar.j - Contributing Member
you may check ESI FAQand EPF FAQ here. If you wanted to know more about its linkages to salary, please check payroll resources

snswamy - 
Mr. Sanjay

1. P.F Gross limit is (BASIC + D.A. + VDA + FDA) = RS.6500/-, However, Management can pay P.F Contribution total P.F Gross, but EPS will be paid on Rs.6500/- only,

Ex. One employees draws a P.F. Gross : 7500/-

Then Employee contribution is : 7500 x 12% = goes to EPF Account (A/c No.1)

Employer Contribution is : 8.33% on 6500/- (i.e. Rs.541/-)goes to EPS Account (A/c No.10) rest goes EPF account (A/c No.1)

ESIC Limit is Rs.10,000/- Gross

S.N.SWAMY

Found This Useful? +Vote Up This Page Via Google.  

Why Vote? User validation is extremely important for good content to prosper.
Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.






Explore Topical Knowledge Areas

Interesting Relevant Discussions


DISCUSSSION STATISTICS


1594
VIEWS

2
REPLIES

PLEASE KEEP YOUR CONDUCT PROFESSIONAL AND POLITE


3M Users, 100K+ Documents & 450K+ Discussions

Share »

Community Support & Professional Insights. Login or Register.
Email/Username     Password  

About Us - Advertise - Contact Us - RSS   On Google+  
All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
Privacy Policy | Disclaimer | Terms Of Service
Facebook Page | Follow Us On Twitter | Linkedin Network