kumaresan ak
HOW THE ESI & PF CALCULATED IN ORGANIZATION i.e Any formulas or others
From India, Madras
abbasiti
517

Dear Kumaresan,

I think your query is regarding the contribution.

Regarding ESI, the coverage is upto a total salary of Rs. 15000. contribution is 1.75% from employee and 4.75% from employer.

For EPF the ceiling limit on salary (generally basic+DA) is Rs. 6500. i.e For new employees, PF is mandatory for those salary is within the limit. But for those who already enrolled in PF has to continue even if his salary exceeded the ceiling limit. The legal obligation is for contribution upto ceiling limit. But it is optional to contribute beyond ceiling limit and to enroll new employees to EPF, in case salary exceeds the ceiling limit.

Contributions to PF

Employee 12%

Employer 12% (EPS+PF)

Out of the employer contribution 8.33% subject to a ceiling of Rs. 541 p.m will go to EPS and rest of the amount to PF.

Administration Charges - 1.1% (by employer)

Contribution to EDLI, which is also a part of EPF

0.5% by employer suject to a salary ceiling of Rs. 6500

Administration Charges - 0.01% subject to salary ceiling of Rs. 6500 (by employer)

If the PF & EDLI run by exempted Trust/Agencies the above administration charges are not applicable. Instead inspection charges of 0.18% and 0.005% will be charged respectively.

Abbas.P.S

From India, Bangalore
abedeen7
135

Dear Mr.Kumar, Kindly check the attached file regarding the PF and ESIC contribution calculation along with formula. Hope this will solve your issues Regard’s Shaikh
From India, Bhubaneswar
Attached Files (Download Requires Membership)
File Type: xls PF & ESIC_FORMULA_CALCULATION.xls (44.0 KB, 283 views)

ramchander645444
sir i am ram chander right now i am working in private company last 9.6 months i have small doubt about PF .sir how many years pf going to Fiction please tell me sir my vda+ basic 5300+1800=7100 can u send mail sir MY SALARY 9000/-
From India, Hyderabad
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