New to HR? Seeking Clarity on PF, EPF, and ESI Limits – Can You Help?

Hi, this is Vasavi. I am working for a manufacturing company as an HR Assistant. I am new to this field and interested in growing in it. I have gone through some discussions on this site regarding PF and ESI. Lots of doubts have arisen.

1. Is there any fixed percentage for the administrative fee for PF?
2. What is the difference between PF and EPF?
3. In my company, ESI is limited up to Rs 15,000 gross salary, but in discussions, I have seen it is Rs 10,000. Please clarify this for me.
4. Please provide me with the latest information regarding statutory requirements.

I am waiting for your valuable reply and thank you in advance.

Regards,
Vasavi S

Dear Vasavi, Admin charges are fixed at 1.10% of salary, i.e., Basic + DA. You can call it Employees' Provident Fund (EPF) and Employees' Pension Scheme (EPS). The entire 12% deducted from employees' salary goes to EPF. Out of the 12% contribution from the employer, 3.67% also goes to EPF, and the remaining 8.33% goes to the Pension Scheme. However, there is a salary ceiling. Thus, the contribution to the Pension Scheme cannot be more than the ceiling limit. When employees voluntarily agree to PF deduction beyond the ceiling limit, then only 5.41% goes to EPS, and the remaining amount of 12% is added to EPF. For more clarity, you can refer to the official website of the PF Organisation www.epfindia.com.

Gross salary up to ₹15,000 per month comes under the ESI purview, whereas earlier it was ₹10,000.

It's very difficult to cover everything here. Please check the respective websites for more information.

With best regards, Sudhakaran

Thank you very much for your valuable reply. I have cleared up some of my doubts now. Could you please provide me with the site address?

Thanks

Regards,
Vasavi

Really, it is good to read about this difference. Could you please provide the name of that site, as well as some other sites that can help to develop this knowledge?

Useful Websites for HR Information

Dear friends, following are some of the sites where you can find useful information:

- Provident Fund: [EPFO](http://www.epfindia.com)
- ESI: [ESIC Home Page](http://esic.nic.in/)
- Statutory: [STATUTORY COMPLIANCE FOR H.R & LABOUR LAWS: Checklist of Statutory Compliances by Employers for Statutory Deposits, Returns & Informations](http://statuatorycompliance.blogspot.com/2009/06/checklist-of-statutory-compliances-by_26.html) (*link outdated-removed*)

As Mr. Bhaskar suggested, please go to Google and search for more information.

With best regards,

Sudhakaran