PF,ESIC,Bonus, P Tax

sonali.bagdare
Dear All,
I just want to get it clear that PF, ESIC, Bonus calculation are done on Gross or net salary n logic behind it.
Like PF is 12% of Employee contribution n 12% is of Employer's contribution in general so the 12% is of which? is it monthly net take home or monthly Gross.
Same is with ESIC & bonus.
Also i want to know that the new limit of ESIC is now 15,000/- per month, so it is also gross or Take home salary amount.
N Last one the slabs for Professional Tax deduction.
mahesh33chimanbhai
Dear ,
Pf is calculate on Basic + da
and
esic calculate on gross salary ( except the washing allowance)
p. tax calculate on gross salary
regards,
Mahesh
mahesh33chimanbhai
slab of p tax in gujarat is
0 to 2999 = 0 rs of p.tax
3000 to 5999 = 20 rs
6000 to 8999 = 80 rs
9000 to 11999=150 rs
12000 and above =200 rs
regards,
Mahesh
bnps57
The contributions towards EPF and ESI are payable on gross amount but not on Net. Simple logic is "the amount payable or due" not the net or actully paid.
EPF @12% is payable on the monthly gross amount of Basic+DA +(retaing allowance+value of food concession, if any). ESI is payable on all monthly gross remuneration payable in cash to an employee, execpt washing allowance and some other special allowances paid to defry any special expense incurred by him, depending upon his nature of employment. The rate is 1.75% & 4.75%, employee's & employer's cont.
Bonus is also calculated on gross basic and DA.
ESI limit w.e.f.1/5/10 is Rs.15000/ pes month. Contributions as explained above.
ssswain4hr
Hello!
I want to know details about ESI including all statutary formalities related to this ESI.
I expect help from you.
CAN you do pls ?
Regards,
S.Shankar
09833961172
mahendra12
Hi, friend, pf is dedected 12% on (basic+d.p.+d.a.) employees contribution & same contribution of employer. Upto 6500/- p.m. Salaried emlpoyees p.f.deduction is compulsary with minimum 12% deduction. Above that is depends on employees.he can deducted more amount for p.f from his salari but emlpoyers contribution is fixed. Regards, mr.mahendra
mahendra12
PF is calculated on BASIC+GRADE PAY+D.A. of 12% monthly salary of employee and contribution of employer is either 12% of 6500 or 12% of above which is less. Mahendra12
mahendra12
PF is calculated on BASIC+GRADE PAY+D.A. of 12% monthly salary of employee and contribution of employer is either 12% of 6500 or 12% of above which is less. Mahendra12
attribution https://www.citehr.com/276883-pf-esi...#ixzz2exaKt6IO
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