Dear All,
I have lot of confusion on ESI and PF Matters:-
1) If Employee salary is Rs. 14,000/- (assuming Basic + DA and no other component) and he took leaves for 5 days. In this case his Gross Salary is Rs. 14,000 whereas after considering leaves his salary will be Rs 11,667/-. Now ESI will be deducted on 11,667 or Rs. 14,000/-???? and Why?? PF also liable to deduct on Basic +DA. In this case PF will be deduct on 15,000 or 11,667 or 14,000/- (Plz reply ASAP)
2) If in the above case his salary will be 16,000/- then what will be the deduction amount for ESI and PF?
3) Our Management has decided to deduct employee nd employer share from employee salary only. What will be the consequences of this case?
4) Our accountant calculate every month salary on the basis of 30 days even such month belongs to 28 or 31?? Is it correct?
I am waiting for your response.
Thanks in Advance,
Garima
I have lot of confusion on ESI and PF Matters:-
1) If Employee salary is Rs. 14,000/- (assuming Basic + DA and no other component) and he took leaves for 5 days. In this case his Gross Salary is Rs. 14,000 whereas after considering leaves his salary will be Rs 11,667/-. Now ESI will be deducted on 11,667 or Rs. 14,000/-???? and Why?? PF also liable to deduct on Basic +DA. In this case PF will be deduct on 15,000 or 11,667 or 14,000/- (Plz reply ASAP)
2) If in the above case his salary will be 16,000/- then what will be the deduction amount for ESI and PF?
3) Our Management has decided to deduct employee nd employer share from employee salary only. What will be the consequences of this case?
4) Our accountant calculate every month salary on the basis of 30 days even such month belongs to 28 or 31?? Is it correct?
I am waiting for your response.
Thanks in Advance,
Garima