Please,tell me about ESI & PF deduction rate from sallary from sallary per month.
From India, Ahmadabad
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From India, Ahmadabad
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Hi,
First of all, both ESI and PF will be considered from both the employer and employee sides. Let me clarify about the employee contributions:
1) ESI - This will be 1.75% of your total earnings. For example, if your total earnings are Rs 5000, then it will be 1.75% of Rs 5000.
2) PF - This will be 12% of your Basic Salary. For example, if your Basic is Rs 2100, then it will be 12% of Rs 2100.
Hope this is clear.
Regards,
Amith R.
From India, Bangalore
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17First of all, both ESI and PF will be considered from both the employer and employee sides. Let me clarify about the employee contributions:
1) ESI - This will be 1.75% of your total earnings. For example, if your total earnings are Rs 5000, then it will be 1.75% of Rs 5000.
2) PF - This will be 12% of your Basic Salary. For example, if your Basic is Rs 2100, then it will be 12% of Rs 2100.
Hope this is clear.
Regards,
Amith R.
From India, Bangalore
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If the employee's gross salary is less than Rs 10,000, then he will be covered under the ESI Act. ESI contributions are as follows:
- For Employer: 4.75%
- For Employee: 1.75%
For detailed rules on PF, you can visit the website www.epfindia.com.
Regards,
Abhishek
From India, New Delhi
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- For Employer: 4.75%
- For Employee: 1.75%
For detailed rules on PF, you can visit the website www.epfindia.com.
Regards,
Abhishek
From India, New Delhi
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Dear Kushawaha
Greetings!
Coverage of employees
Drawing wages
upto Rs.10000/- per month
engaged either directly or thru' contractor
Rate of Contribution of the wages
Employers' 4.75%
Employees' 1.75%
Penalties
Different punishment have been prescribed for different types of offences in terms of Section 85: (I) (six months imprisonment and fine Rs.5000), (ii) (one year imprisonment and fine), and 85-A: (five years imprisonment and not less to 2 years) and 85-C(2) of the ESI Act, which are self explanatory. Besides these provisions, action also can be taken under section 406 of the IPC in cases where an employer deducts contributions from the wages of his employees but does not pay the same to the corporation which amounts to criminal breach of trust.
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PF - This will be 12% of your Basic Salary
Penal Provision
Liable to be arrested without warrant being a cognisable offence.
Defaults by employer in paying contributions or inspection/administrative charges attract imprisonment upto 3 years and fines upto Rs.10,000 (S.14). For any retrospective application, all dues have to be paid by employer with damages upto 100% of arrears.
Rgds,
John N
From India, Madras
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Greetings!
Coverage of employees
Drawing wages
upto Rs.10000/- per month
engaged either directly or thru' contractor
Rate of Contribution of the wages
Employers' 4.75%
Employees' 1.75%
Penalties
Different punishment have been prescribed for different types of offences in terms of Section 85: (I) (six months imprisonment and fine Rs.5000), (ii) (one year imprisonment and fine), and 85-A: (five years imprisonment and not less to 2 years) and 85-C(2) of the ESI Act, which are self explanatory. Besides these provisions, action also can be taken under section 406 of the IPC in cases where an employer deducts contributions from the wages of his employees but does not pay the same to the corporation which amounts to criminal breach of trust.
================================================== ============================================
PF - This will be 12% of your Basic Salary
Penal Provision
Liable to be arrested without warrant being a cognisable offence.
Defaults by employer in paying contributions or inspection/administrative charges attract imprisonment upto 3 years and fines upto Rs.10,000 (S.14). For any retrospective application, all dues have to be paid by employer with damages upto 100% of arrears.
Rgds,
John N
From India, Madras
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ESI deduction.doc
SALARY with out PF Deduction.xls