ESI & PF Calcutions, Procedures - reg

Dear Sir,

This is Naveen, what is the procedure for calculation of ESI & PF.

Regards

M Naveen

Dear Naveen,

PROVIDENT FUND -


1. PF Challan –

(a) A/c No. 1 – 12 % of total Wages (Employee) & 3.67 % of total wages (Employer)
(b) A/c No. 2 – Administrative Charges on wages i.e. 1.1 %
(c) A/c No.10 – Pension Contribution from Employer i.e. 8.33 %
(d) A/c No.21 – EDLI Charges on wages i.e. 0.5 %
(e) A/c No.22 – Admin Charges on EDLI i.e. 0.01%

2. If monthly wages (Basic + DA) is more than Rs. 6500/- then Pension contribution (Employer) would be 8.33% of Rs.6500/-. Rest amount would be paid in PF A/c No.1.

Example –

Total Wages (Rs.) PF Contribution of Employee PF Contribution of Employer Remarks
A/c No.1 (3.67%) A/c No.10 (8.33%) Pension A/c
6271 753 231 522
34356 4123 3582 (4123-541) 541 (paid on Rs.6500/-)


3. Return Dates – PF Challan date – 15th every month
PF Return date – 21st every month (12 A – R)
PF Yearly Return date – 31st March (Form 6A & 3A – R)

4. PF Calculation – 12% (Basic + DA)




ESIC –

1. Eligibility for ESIC – Gross Salary of Member up to Rs.10000/-
2. Contribution – Member (1.75% of gross)
Employer (4.75% of gross)
3. Half yearly returns – Oct to March
April to Sept.
4. Challan Date – 21st of every month

& also find attachment as forms which use in EPFO & ESIC

hope something is clear now,

regards


vivek

Attached Files

forms__pf___esic__719.xls (29.5 KB, 2236 views)

Dear Vivek,

It was really informative.

Now, could you please tell me if i wish to withdraw my PF Money after 5 years, after resigning, will i get the complete money ? that is 12% of the employers' contribution and 12% of my contribution ?? how do we calculate this ???

Please help me.

Thanks

Hari

Dear Das,

yes, u can withdrawn all ur PF from EPFO.

PF Calculation -

Member Share - 12% of Basic + DA
Employer Share - 3.67 % in PF & 8.33 % in Pension Fund

if you are the member of EPFO from 10 years then you can't withdraw your pension money at the time of your resignation it will deliver to you on your retirement from active job.

Regards,

vivek

Dea Mr. Vivek ,

Please let me know if the compnay is covered under EDLI Scheme what are the rates for deposit in different Accounts .

Regards

Ddp

Thanks

this information is very useful to me

thank u sir

Dear sir

Thanks a lot for your valuable information.

Jerin

Hi Vivek

Thanks a lot for the useful infor. in such a simple way.

Regards
Sushma

Hi Naveen,

Can please suggest me, what is the eligibility for ESI & PF where we have 1nos of employee.


Thanks & Regards,

Gurumurthy