What Is The Maximum Limit Of Pf & ESIC Deduction | CiteHR
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
you may check ESI FAQand EPF FAQ here. If you wanted to know more about its linkages to salary, please check payroll resources
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



Found This Useful? +Vote Up This 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.

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