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Suppose Gross Salary of an EMPLOYEE is incremented from Rs.20000 to Rs.22000 in the month of July, then what will be the ESIC Employer and EMPLOYEE contribution and how long??? Suppose Basic Salary is also incremented from Rs.14000 to Rs.16000 in the month of July.then what will be the PF Employer and EMPLOYEE contribution???
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ESIC= Contribution will continue on Gross upto sept 2018 salary paid in Oct 18
EPFO = 12% of Basic from employee and employer both on the increased basic
On which gross salary amount,esic contribution has to be calculated upto sept???
If salary increased and exceed esic limit more than 21000 , the contribution will be continue upto sept-18, so employee membership will be start upto sept salary.
Pf limit is 15000 if employee not interested to continue their membership in pf they can withdraw their membership.
Dear Pritam,
PF contribution will be on enhanced basic subject to maximum 15,000/- per month if your organization is not interested to pay contribution on basic beyond 15,000/- per month which is statutory limit.
ESIC contribution will be on enhanced monthly gross ( in your case 22,000/- per month) up to Sept,18 payable in Oct,18.
Trust this will satisfy your query.
Thanks & Regds.,
S K Bandyopadhyay
USD HR Solutions
+91 98310 81531

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