ESI & PF Calcutions, Procedures - reg

abdul_accountants · #11 (**permalink**) 04-03-2008, 12:34 PM

Thanks For Sharing Useful Knowledge.

V.Bala · #12 (**permalink**) 04-03-2008, 01:02 PM

Hi This is a great input. I need some info on minimum wages applicability for Electronics Industry with respect to

1. Different states
2.Classification of towns( Urban/Semi urban/Rural etc)
3.Skilled/Unskilled/Semi skilled.

Can any body give details

Thanks
Bala

SRINIVASA MURTHY · #13 (**permalink**) 04-03-2008, 03:00 PM

ESI CALUCULATION -
EMPLOYEE: 1.75% ON WAGES ROUNDED OFF TO THE NEXT RUPEE
EMPLOYER: 4.75% ON TOTAL WAGES OF EMPLOYEES WHICH IS ALSO ROUNDED OF TO THE NEXT RUPEE.

PF CALCULATION:
EMPLOYE: 12% ROUNDED OFF TO THE NEARST RUPEE
EMPLOYER: 12% ( PENSION FUND IS 8.33% OR RS.541/- WHICHEVER IS LOWER, AND THE REST IS FOR FOR EMPLOYER P F)

SUSHMA RAWAT · #14 (**permalink**) 04-03-2008, 03:26 PM

Hi Gurumurthy

If u have only 1 employee then there is no need of ESI and PF.

Regards
Sushma

GurumurthySB · #15 (**permalink**) 04-03-2008, 05:08 PM

Hi Sushma,

Thanks, if we are having more than 1 employee (like 10 employees).

regards,
Gurumurthy

SUSHMA RAWAT · #16 (**permalink**) 04-03-2008, 05:33 PM

If we have more than 10 employees and power is being used and Gross Salary of the employees are more than Rs. 10,000/- then they are eligible for ESIC benefits.

And if u have 20 employees or more than twenty employees in your organization PF will be applicable.

For more details on ESIC and PF I am attaching two ppts which were downloaded from Citehr sometime back.

Hope now u r cear about ESIC and PF.

Best Regards
Sushma

SUSHMA RAWAT · #17 (**permalink**) 04-03-2008, 05:34 PM

If we have more than 10 employees and power is being used and Gross Salary of the employees are more than Rs. 10,000/- then they are eligible for ESIC benefits.

And if u have 20 employees or more than twenty employees in your organization PF will be applicable.

For more details on ESIC and PF I am attaching two ppts which were downloaded from Citehr sometime back.

Hope now u r cear about ESIC and PF.

Best Regards
Sushma

GurumurthySB · #18 (**permalink**) 04-03-2008, 06:19 PM

Hi,

Thanks, thanks a lot.

Regards,
Gurumurthy

ragavendran · #19 (**permalink**) 04-03-2008, 09:26 PM

Hi Vivek,

Your explanation and your excel file is excellent.

Thanks

Ragavendran. P.B
Executive - HR

meeprakash · #20 (**permalink**) 05-03-2008, 10:46 AM

Dear Vivek,

Thanks for posting such a usefull info.

keep posting.

Regards,
Prakash

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