Amitmhrm
Hr Practices
Prghr
Dy Manager Hr
+1 Other

Hello, Can anyone tell me What is Employer’s contributions in ESI,PF,Gratuity,Bonus/Ex-Gratia etc.? Regards, Priyanka
7th May 2007 From India, Delhi
Hi Priyanka,
Find below the details of the same-
1. Employer's contribution in E.S.I is 4.75%/month of Gross/Month whereas of employee it is 1.75% of gross/Month.
2. PF contribution from both employee's as well as employer's side is 12% of Basic salary, out of this 12% amount 8.33% goes to the pension fund and the remaining 3.67% goes to provident fund only.
Apart from this the employer has to pay .5% more as Administrative charges.
3. Where as Bonus is paid as 8.33% of annual wages or basic salary paid.
Hope now it will be very much clear with you.
Regards,
Amit Seth.
7th May 2007 From India, Ahmadabad
sry sir you said that apart from the this the employer has to pay .5% more as Administrative charges. to who? can u tall m bit confused
16th February 2015 From India, Delhi
Dear Ncks,
Addition to the above points:-
A/c No - 02 - 1.1 % of Total Wages {Administrative Charges}

A/c No - 21 - 0.5 % of Total Wages {Employees Deposit-Linked Insurance Fund}
A/c No - 22 - 0.01 % of Total Wages {Administrative Charges for Employees Deposit-Linked Insurance Fund}
Gratuity Calculation:-
As per the act if any employees completes 5 yrs of continue services, he/she may eligible for the gratuity. The calculations are:-
Last basic pay*No of years in service* (15/26)
16th February 2015 From India, Delhi
Add Reply Start A New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)





About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™