Details about esi and pf - basic pay.. CiteHR
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sakthii Started The Discussion:

hai i need to know the interest rates of pf , esi and the maximum salary eligible to get the pf and esi.

welcomeumesh -  Member Since: May 2007
Hi,

Interest rate was fixed at 8.5% per annum for the financial year 2006-2007 but for current year i.e. 2007-2008 it's yet to be fixed. If your employees are drawing salary above Rs. 10000 a month, they must be registered under ESI Act, 1948 and your employees whose Basic pay is less than or equal to Rs. 6500 p.m. they must be registered under EPF & MP Act. The basic pay is usually 45-50% of the Gross salary.

warm regards,

Umesh Chaudhary
(welcomeumesh@yahoo.com)

M.Peer Mohamed Sardhar -  Member Since: Jan 2007
Good Piece of Information,,, Thank You,,,

For More on that, Pls Click the following links,

http://www.citehr.com/download-list.php?query=PF

http://www.citehr.com/download-list.php?query=ESIC

Regards

M.Peer Mohamed Sardhar
093831 93832

mohamedamber.v -  Member Since: Jan 2011
i need to know the interest rates of pf , esi and the maximum salary eligible to get the pf and esi.

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