Hi,
I have PF knowledge that PF is deducted on basic & DA. From the employee's side, the deduction is 12% on Basic & DA, and from the employer's side, the addition is 13.61% on Basic & DA.
Under this, there is an Admin charge (deduction from the company). The Admin Rate is 1.1%, Pen EDLi is 0.01%, and EDLI is 0.5% (EDLI - Employer Deposit Linked Insurance). Now, the total PF remaining is 24%. So, what is the 8.33% deduction?
Can anyone help me on this?
I am appearing for an interview. What kind of questions can be asked about PF and ESI? Who makes PF and ESI challans, we or the PF office? Looking for a quick response. You can directly mail to salonihr@rediffmail.com.
Regards,
Saloni
From India, Bangalore
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1I have PF knowledge that PF is deducted on basic & DA. From the employee's side, the deduction is 12% on Basic & DA, and from the employer's side, the addition is 13.61% on Basic & DA.
Under this, there is an Admin charge (deduction from the company). The Admin Rate is 1.1%, Pen EDLi is 0.01%, and EDLI is 0.5% (EDLI - Employer Deposit Linked Insurance). Now, the total PF remaining is 24%. So, what is the 8.33% deduction?
Can anyone help me on this?
I am appearing for an interview. What kind of questions can be asked about PF and ESI? Who makes PF and ESI challans, we or the PF office? Looking for a quick response. You can directly mail to salonihr@rediffmail.com.
Regards,
Saloni
From India, Bangalore
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You are absolutely right about the deduction part. As it goes, the same contribution as you have defined, but the employer contribution goes in such a manner (12% - 8.33% for pension and 3.67% for the PF account). In case an employee leaves the company before completing 6 months, they will not be eligible for the employer's contribution. If an employee works continuously for 9.5 years, they will be eligible for the pension part with an interest of 8.5%. If the employee stops working before the said period, they will not be entitled to the interest pension.
Hope I am clear...
From China
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Hope I am clear...
From China
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Hi,
In ESI calculation, employee deduction is 1.75% and employer addition is 4.75% on the gross. If the gross is less than 10,000 per month. Is there any other calculation in ESI for knowledge?
Who makes PF and ESI challans, we or the PF office?
Regards,
Saloni
From India, Bangalore
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In ESI calculation, employee deduction is 1.75% and employer addition is 4.75% on the gross. If the gross is less than 10,000 per month. Is there any other calculation in ESI for knowledge?
Who makes PF and ESI challans, we or the PF office?
Regards,
Saloni
From India, Bangalore
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Hi Saloni,
I am enclosing this Word document. I hope it might help you to some extent. The ESI/PF Challans are prepared by the respective corporate offices; they are not prepared by ESI/PF Offices.
All the best,
Mahipal
From India, Vadodara
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I am enclosing this Word document. I hope it might help you to some extent. The ESI/PF Challans are prepared by the respective corporate offices; they are not prepared by ESI/PF Offices.
All the best,
Mahipal
From India, Vadodara
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it is right what ur sad, that challans r prepared by us not PF officers and the last date of submiting the ESI challan is 21 of the preseding month for PF 15th is the last date
From India, Visakhapatnam
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From India, Visakhapatnam
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A casual labour per day wage is 150 and he worked 37.5 day , he gets 5625/-gross wage for the month of Jun 08. How we deduct PF and ESI on this amount?
From India, Madras
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From India, Madras
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Dear All,
Above all, the contents are correct, but employees who leave within 6 months will receive their share of PF + Employer Share of PF, i.e., 3.67%. They can transfer the remaining pension money to another PF account, which may be carried over to another company.
Thank you.
From India, New+Delhi
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Above all, the contents are correct, but employees who leave within 6 months will receive their share of PF + Employer Share of PF, i.e., 3.67%. They can transfer the remaining pension money to another PF account, which may be carried over to another company.
Thank you.
From India, New+Delhi
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ESI & PF Calculations.do c
PF & ESI Common Challan.xls
Esi & pf challan combined.pdf