hi,,,,, For PF it is calculated on Basic+Da,,,For E.g if Basic+da is 6500 then PF Calculated as 12% on that= 6500*12/100= 780 can deducted from employees. and for monthly challan preparation if total number employees Basic + DA wages is 6500 then Employee contribute employer contribute A/c 1 12% i.e 6500*12/100= 780 3.67% i.e 6500*3.67/100=238.55 A/c 2  1.1% i.e 6500*1.1/100= 71.5 A/10  8.33% i.e 6500*8.33/100=541.45 A/C 21  0.5% i.e 6500*0.5/100=32.5 A/C 22  0.01% i.e 6500*0.01/100=0.65 Shrikant Talwar
Hi friends, Can anybody help me how to calculate salary, pf, & esi, and how to maintain attenance forms and form no and its procedures related to PF,ESI, EPFo.which form is useful and what should be atached like form1,2,etc. and contributions I want full details with calculations on depositlinked insurance and pf calculations detailed Please help me. srivani nitesh_barman  Contributing Member
Well if you just want to know about calculation method about PF & ESIC... then it's done by this manner... ESIC 1.ESIC is deducted those employees whom gross salary is not more than 15,000.00/month... 2.Both Employee & Employer has to contribute in it. 3.Employee Contribution % is 1.75 % and Employer Contribution % is 4.75% of gross salary. 4.and it should be calculate on next higher rupee method. Eg. if my gross salary is 15,000.00 and for January month my working days are 28 days, then my gross would be for that month will be 13548.00. so, as 1.75 %, 13548*1.75%=237.09 but as i told you earlier it will be calculate upon next higher rupee so it will be 238.00 and just that Employer Contribution 4.75 %, 13548*4.75%=643.53 but for esic it will be 644.00 and just total them and make challan of it and deposit it. PF and as far PF is calculated on Basic + Dearness Allowance... then PF Calculated as 12% of that amount by both employee and employer... but employee contribution goes as EPF (12%) but employer contribution is divide in two parts EPF (3.67%) & 8.33 % (FPF). as one's gross is 13,000 then basic would be 6500.00 (50 % of Gross and it varies) Employee Contribution  6500*12 % = 780.00 Employer Contribution  6500*3.67 % = 239.00 Employee Contribution  6500*8.33 % = 541.00 but this contribution should not be more than 541.00 Rs. it's the calculation for individual person. and if you need how to make challan then write me... Hope it will help you... nitesh_barman  Contributing Member
No, there is no any fix % but in Metro cities it’s 50 % of gross and NonMeto cities it’s 40 % of gross... but again it’s on company policy..
somdattaneogi  Contributing Member
Dear All, I am in a huge confusion regarding pay structure. Please let me know as to what is : 1. CTC 2. GROSS and 3. NET As per my knowledge : NET + (EMPLOYEE'S CONTRIBUTION OF PF + EMPLOYEE'S CONTRIBUTION OF ESIC) = GROSS and GROSS + (EMPLOYER'S CONTRIBUTION OF PF + EMPLOYER'S CONTRIBUTION OF ESIC + PTAX) = CTC IF THIS IS IT THEN THE SALARY BREAK UP OF EMPLOYEE "A" WOULD BE : Basic 9600 HRA 2880 City Compensation Allowance 2880 Conveyance Allowance 1920 Education Allowance 1920 PF (EMPLOYEE) 1152 PF (EMPLOYEE) 1152 PTAX 130 Gross 19200 CTC 21634 Take Home 19070 BUT THE COMPANY IS OFFERING : Basic 9600 HRA 2880 City Compensation Allowance 2880 Conveyance Allowance 1920 Education Allowance 1920 PF 1152 Gross 19200 CTC 20352 Take Home 18048 Kindly tell me as to which one is correct??? This is a bit urgent, so I would be glad if you could kindly help me. Somdatta Neogi 9903068598 Kolkata (W.B.) nitesh_barman  Contributing Member
your company offering you is correct... and in simple way CTC is Cost t o company as Your Gross Amount + Other Cost which company paid for you... Gross is that amount which company agree to give you for your work & Net is amount which balance after deductions.. 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 Topic Categories >> basic salary calculate salary company policy conveyance allowance dearness allowance employer share LocationIndiaIndore medical allowance metro cities minimum wages pension fund pf and esi provident fund salary break up working days Complete List Of Categories DISCUSSSION STATISTICS 8 LIKES 6519 VIEWS 23 REPLIES 
