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
Why Vote? User validation is extremely important for good content to prosper.