Dear Sir Let me know that any changes in PF & ESIC Maximum Limit on which PF & ESIC Dedution. Regards Sanjay
From India, Gurgaon
From India, Gurgaon
you may check ESI FAQand EPF FAQ here. If you wanted to know more about its linkages to salary, please check payroll resources
From India, Bangalore
4From India, Bangalore
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
From India, Hyderabad
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
From India, Hyderabad
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