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MDSHAFI003
i am working for a contractor in steel plant in karnataka, i am an engineer and i have to carry out all labor activities. i don\'t know the PF and ESIC rule, i want to know how much we have deduct amount from the labors.?
From India, Bangalore
R B Yadav
114

Dear

If your establishment is covered under the provisions of the ESI Act, 1948, then you are required to deduct 1.75% from the salary of the employees/workers upon their gross salary and apart from this you are further required to pay @ 4.75% towards your own share, total comes out 6.50% towards contribution for all those workers/employees getting gross wages upto Rs. 15000/- PM.

As far as question of Provident Fund belongs, if your establishment is covered under the provisions of section 1 (3), 1(4) and 2A of the EPF and MP Act, 1952, you have to deduct @ 12% contribution on Basic Salary of the employees getting upto Rs. 6500/- PM and the person those are getting more than 6500/- as basic salary will be counted as an exempted employee if from the very first day of their appointment or on the day of applicability of the Act, their B Basic salary were more than Rs. 6500/- PM. You have in addition to the deduction madeout from the employees further required to pay 12% towards your own share and 1.61% towards administration charges.

Now a days, the amount of the contribution is required to be paid online through online creating ECR file and thereafter uploading that file on e-portal of EPFO.

Regards

R B Yadav

From India, Mumbai
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