Employer's Contributions In ESI,PF,Gratuity,Bonus/Ex-Gratia

PriyankaDangey
Hello,
Can anyone tell me What is Employer's contributions in ESI,PF,Gratuity,Bonus/Ex-Gratia etc.?
Regards,
Priyanka
Amitmhrm
Hi Priyanka,
Find below the details of the same-
1. Employer's contribution in E.S.I is 4.75%/month of Gross/Month whereas of employee it is 1.75% of gross/Month.
2. PF contribution from both employee's as well as employer's side is 12% of Basic salary, out of this 12% amount 8.33% goes to the pension fund and the remaining 3.67% goes to provident fund only.
Apart from this the employer has to pay .5% more as Administrative charges.
3. Where as Bonus is paid as 8.33% of annual wages or basic salary paid.
Hope now it will be very much clear with you.
Regards,
Amit Seth.
ncks
sry sir you said that apart from the this the employer has to pay .5% more as Administrative charges. to who?
can u tall m bit confused
prghr
Dear Ncks,
Addition to the above points:-
A/c No - 02 - 1.1 % of Total Wages {Administrative Charges}

A/c No - 21 - 0.5 % of Total Wages {Employees Deposit-Linked Insurance Fund}
A/c No - 22 - 0.01 % of Total Wages {Administrative Charges for Employees Deposit-Linked Insurance Fund}
Gratuity Calculation:-
As per the act if any employees completes 5 yrs of continue services, he/she may eligible for the gratuity. The calculations are:-
Last basic pay*No of years in service* (15/26)
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