How To Deduct Pf And Esi

bbharti_ma@yahoo.com
10.09.2008
Hello Sir,
Iam Bharathi from Chennai,
i got job in hospital.I dont to know how to deduct pf and esi.for whom we have to deduct pf and esi.what is the eligible criteria for PF AND ESI contributionwill you please tell me with calculations.
B.Bharathi
Chennai
chintjagan
PF is calculated on basic @12%
ESI is on gross salary @1.75% of employee share
@4.75% of employers share
PT is calculated on Gross salary based on limits
TDS is calculated on Gross with some standard deduction like PF ESI and PT medical allowance and HRA
UP to One Lakh ten Thousand @ 0%110000 to 150000 @ 10%150000 to 250000 @ 20%250000 and Above@ 30%
On Tax @ 3% edu is additional
Basic 50% HRA 20% Medical 10% Education 1% Conveyance 6% Misc. (13%-P F + ESIC)
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute