ramyaraghu11 Started The Discussion:
kindly help me how to calculate the TDS,PF,ESI,professional tax whether on gross salary or net salary what will be the slabs percentage for TDS,PF,ESI,professional tax from from salary o to 10 LPA.
Posted 30th January 2008 From India
kindly help me how to calculate the TDS,PF,ESI,professional tax whether on gross salary or net salary what will be the slabs percentage for TDS,PF,ESI,professional tax from from salary o to 10 LPA.
Posted 14th June 2008 From India, Ahmadabad
Hi,

ESI is applicable only for those employees whose gross salary is up to 10,000/- rupees per month and its calculated @ 1.75% of gross salary from employee side and 4.75% of the same from employer's side.

PF is calculated on basic salary+Dearness allowance only.. It is calculated @ 12% of basic salary from both the sides.. Out of 12% of employer's contribution only 3.67% goes to PF and rest goes to Pension Fund. The maximum ceiling to be covered under this Act is 6500/- basic salary.. even employees getting more can also be included.

Professional Tax is calculated on gross per month and its fixed for a level.. Like for employees who are getting upto 6000/-, deduction would be 20/- rupees.. but its vary from state to state..

Regards,

Amit Seth.
Posted 15th June 2008 From India, Ahmadabad
Hello,

I have one more query in this regard
As mentioned that ESI is applicable upto gross salary of Rs 10,000, so wnated to know that whether employees earnings more that that are not to be included in ESI.

Thanks
Rachana
Posted 5th August 2008 From India, Ahmadabad
Hi , According to my knowledge it is calculated as ESI - 1.75% (applicable only less than/equal to 10000/- salaried employees) Thank You ..
Posted 5th August 2008 From India, Mumbai
Hi all


Based on below details ESIC to be deducted, Drawing wage upto 10000


To be deemed as wages


Basic pay
Dearness allowance
House rent allowance
City compensatory allowance
Overtime wages (but not to be taken into account for determining the coverage of an employee)
Payment for day of rest
Production incentive
Bonus other than statutory bonus
Night shift allowance
Heat, Gas & Dust allowance
Payment for unsubstituted holidays

Regards
Subrahmanyam
Posted 5th August 2008 From India, Hyderabad
Dear Rachna ESI contribution is applicable only for a salary upto Rs.10,000/- , if salary is greater than Rs. 10,000/-. no ESI deduction is done. Regards Anu
Posted 5th August 2008 From India, New Delhi
Dear Anu,

As you said that we cannot deduct ESI if salary is more than Rs 10,000, but i found with one of the leading pharma company where the gross was Rs 11,000 and ESI was deducted.
What can be done in this matter, is that valid.???



Thanks
Rachana
Posted 6th August 2008 From India, Ahmadabad
To be deemed as wages


Basic pay
Dearness allowance
House rent allowance
City compensatory allowance
Overtime wages (but not to be taken into account for determining the coverage of an employee)
Payment for day of rest
Production incentive
Bonus other than statutory bonus
Night shift allowance
Heat, Gas & Dust allowance
Payment for unsubstituted holidays
Meal/food allowance
Suspension allowance
Lay off compensation
Children education allowance (not being reimbursement for actual tuition fee)
we consider all this while calculating ESI so go through it and find out how this 11000rs come what are things included in this
Posted 6th August 2008 From India
the things included in Rs 11000 were Basic salary Conveyance HRA bonus Interim bonus company allowance thanks rachana
Posted 6th August 2008 From India, Ahmadabad
Hi Friends, Please see the attachment regarding Salary structure. A complete details & procedures . Regards mahesh K prasad
Posted 6th August 2008 From India, Mumbai
Attached Files
Shared By Cite.Community Member "mkprasad2004" For Public Download
File Type: zip Salary Structure.zip (63.8 KB, 1639 views)
Hi All In my opinion gross salary means salary that includes basic + conve+other allowance before deduction of PF and ESI. pls guide me urgent on my mail id pritty_sngh@yahoo.com Thanks A. Singh
Posted 16th September 2008 From India, Mumbai
Very true Miss Singh, Gross salary includes all these components and deduction made over the same. Regards, Amit Seth.
Posted 16th September 2008 From India, Ahmadabad
Hi Ram, Find the attached Excel sheet..... SLAB can be adjust as per year..................
Posted 26th March 2010 From United States, Palo Alto
Attached Files
Shared By Cite.Community Member "anthonypaul" For Public Download
File Type: xls PT,ESIC,TDS,FBT,S[1][1][1].Tax Calculator.xls (156.5 KB, 1500 views)
For profession tax, 0 to 5000 nil 5000to 10000 175, 10000and above 200Rs per month. I think your querry cleared Regards Anil Kumar
Posted 26th March 2010 From India, Bangalore
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Posted 26th March 2010 From India, Bangalore
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I have forgotten..... Would like to know, whether 'Conveyance Allowance' being part of gross wages are treated as ESI Wages.
Posted 1st April 2010 From India, Hyderabad
Yes.. all the fixed components if part of gross salary will attract ESIC..

Hi Kumud, still the notification has not been issued from the ESIC regarding the exceed in ceiling from 10,000/- to 15,000 gross salary.

Amit Seth.
Posted 4th April 2010 From India, Ahmadabad
ya employee who is getting more than 10000 rs per month is not covered in ESIC scheme means he is exempted
Posted 5th April 2010 From India, Rajsamand
Now as per the new policy.....the esic amount will be deducted for employees whose salary ranges up-to 15ooo/-
Posted 1st August 2010 From India, Hyderabad
ESI is applicable on gross salary upto Rs. 15000/-. Gross salary includes all the components.
EPF is calculated always on basic + DA. Some company includes DA in basic. Employer is laible to contribute his share on 6500/- only. However if he want to contribute on above 6500 he can.
Sanjeev
Posted 1st August 2010 From India, Delhi
Dearl All, Greetings!! JUst wanted to share updates as far as ESI is concerned. ESI ceilings has gone up to Rs.15,000.
Posted 2nd August 2010 From India, Pune
As far as my knowledge those employees salary which is more then Rs. 10000/- is covered under the Workmen Compensation.
Posted 3rd August 2010 From India, Surat
Hi I want to know information about chennai & Mumbai shops & establishment. what all formalities we need to do. Kindly provide the same. Thanks Sonali
Posted 5th October 2010 From India
dear friend find the details attached below regarding calculation of PT, ESIC,PF.etc.
Posted 5th October 2010 From India, Nasik
Attached Files
Shared By Cite.Community Member "rajeev zoman" For Public Download
File Type: doc Rules for Statutory Deductions Exemptions Perquisites-Payroll.doc (105.5 KB, 611 views)
Dear All, This is shravan, as per my sense of Knowledge esi will be deducted upto 15000/- gross in ANDHRA PRADESH
Posted 4th November 2012 From India
hi all, i just read all the comments of PT but what i used to think is pt is something which is described by state govts and they revise the PT rates half early. .is it true..?
Posted 24th February 2013 From India, New Delhi
Dear All,
ESI limit is Rs.15,000/- not 10,000. and calculation is 1.75% of gross salary from employee side and 4.75% of the same from employer's side.

PT various from state tot state.
PF will be 12% of Basic. you can limit it to Rs.780 as per the law. Two portion will be calculated - 12% from Employee + 12% from Employer.
if any employee getting basic more than Rs.6500 can opt out of PF but he need to submit Form 11 for the same.

regards
suneel.
Posted 24th February 2013 From India, Bangalore
Dear Amith, I have small doubt this ESI can calculate including Overtime ? Regards, Krishna yadav G
Posted 12th April 2013 From India, Hyderabad



 
 
 
 







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