Understanding PF and ESIC Benefits: What Are the Maximum Limits and How Do They Work?

Hi,
Can anyone let me know about the PF, PF, ESIC, ESI, and other benefits that are available? Also, are there maximum limits for all of these?
Sudhanshu

For ESI, the maximum limit is Rs. 10,000 (BA+DA+SPL ALL+CONV).

For PF, it depends on the mutual consent of both the employee and the employer. The employer can contribute 12% of the total of basic+DA, but it must not exceed the limit of Rs. 6500 of BA+DA.

Dear Sender,

The limit for ESIC is up to Rs. 10,000 per month.
The limit for PF is up to Rs. 6,500 per month.

Regards,
Bhushan

For PF, the ceiling limit is 6500 (Basic & DA) per month. If anyone exceeds the limit of 6500, we can deduct the PF for the whole amount of the employee's Basic & DA. However, for Pension, we can contribute only Rs 541.00, i.e., 8.33% of 6500. For ESI, it is 10000 inclusive of all allowances.

Regards,
Edward G. Lawrence

Dear Sir,

I want to know whether I come under ESI Act. The limit for ESIC is up to Rs. 10,000 per month. However, my CTC is Rs. 10,938 per month.

My salary is given (all in Rs):

EARNING
Basic pay - Rs. 4,375
HRA - Rs. 1,313
DA - Rs. 2,188
Conveyance - Rs. 875
Washing allowance - Rs. 569
Show allowance - Rs. 328
L.T.A (quarterly pay) - Rs. 875

DEDUCTIONS
E.P.F - Rs. 780
1.75% of E.S.I - Rs. 156
4.75% of E.S.I - Rs. 415
Total - Rs. 936

Total Salary: Rs. 10,938

Have a nice day.

S. Vijayakumar

Hi,

You will be covered under ESI. I have also given a detailed breakdown of CTC. If in doubt, ask me.

Basic: 4375
PF on Basic: 525

HRA: 1313

DA: 2188
PF on DA: 262.56

Con: 875

Washing: 569

Shoe: 328

Total: 9648
ESI on Total: 458.28

LTA(Q): 875

Gross: 10523
ESI and PF Company contribution: 1245.84

CTC: 11768.8 (Does not include bonus or gratuity)

Siva

Dear Sir,

Thank you for the information, but I have a question to ask. In my salary, Rs 458 is deducted from my account. If I am not covered under ESI, will my basic, HRA, D.A., and other allowances change?

Real CTC per month is calculated as 10523 + 458.28 = Rs 10,981 per month, which amounts to Rs 131,256 per year. If you deduct the LTA amount of Rs 875, the adjusted amount becomes Rs 10,106. Therefore, the gross amount is Rs 10,106.

Now, could you please confirm if I come under the ESI Act?

Thank you.

Dear friend,

Your question is not clear. Just add the following: Basic DA, HRA, Washing, Shoes, and any allowance paid to you on a monthly basis. Don't worry about deductions. If all these amounts, when added, total 10,000 or less, then you come under ESI. The way you are calculating is incorrect.

From the facts you have given me the first time, I am clear that you fall under ESI.

Siva

Dear Sir,

Basic
HRA
DA
Conveyance
LTA
Medical Allowance
Food Allowance
Travelling Allowance
Overtime Pay
Bonus Pay
Shoes Allowance
Washing Allowance
Other Allowance

I want to know which amount of salary comes under ESIC for Rs. 10,000?
If you come under which part, the amount that will come under ESI is 1.75% of the total salary.

Please let me know, sir.
Have a nice day.

S. Vijayakumar
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