What Is The Maximum Limit Of Pf & ESIC Deduction

singh_sanjay
Dear Sir
Let me know that any changes in PF & ESIC Maximum Limit on which PF & ESIC Dedution.
Regards
Sanjay
sreekumar.j
you may check ESI FAQand EPF FAQ here. If you wanted to know more about its linkages to salary, please check payroll resources
snswamy
Mr. Sanjay
1. P.F Gross limit is (BASIC + D.A. + VDA + FDA) = RS.6500/-, However, Management can pay P.F Contribution total P.F Gross, but EPS will be paid on Rs.6500/- only,
Ex. One employees draws a P.F. Gross : 7500/-
Then Employee contribution is : 7500 x 12% = goes to EPF Account (A/c No.1)
Employer Contribution is : 8.33% on 6500/- (i.e. Rs.541/-)goes to EPS Account (A/c No.10) rest goes EPF account (A/c No.1)
ESIC Limit is Rs.10,000/- Gross
S.N.SWAMY
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