#Anonymousno need to pay PF if ur showing basic more than 6500 but u have to pay for esic as the limit for esic is below 15000 of gross
12th October 2011 From India, Mumbai
13th October 2011 From India, Jaipur
EPF ceiling limit is Rs.6500 (Basic +DA). If your employees are getting more Rs.6500 basic & DA then those employees are not applicable but you have to take Form11 (If you are registered in EPF) & you have to pay some administrative charges.
ESI ceiling limit is Rs.15000 (Gross Salary)
13th October 2011 From India, Delhi
Just to correct you Mitesh, ESIC is applicable for those whose salary is less then 15000/-.Deduction is as follows 1.75% from employee side, 4.75% from employer side , ESIC is on gross salary( all the deduction). And company also provide an ESIC card ( worked as a medical card for specific medical centers/dispensaries )
14th October 2011 From India, Delhi
EPF should pay on Minimum Wages ,just simple you cant take decision factor on Basic component.Recently Delhi high court clearly said splitting of minimum wage is not permissible under payment of EPF.
some companies takes advantage to avoid EPF ,showing Basic component more than Rs.6500/-but it is unlawful.
Please read EPF Wage Definition clearly you can understand.
14th October 2011 From India, Hyderabad