Salary Slip Deductions: How Do You Ensure PF and ESI Are Clearly Listed?

I want salary slips containing all necessary deductions like PF and ESI.

On the left-hand side, you will find a box with "find information." Type "payslip format" and click "search." You will find a payslip sample in an Excel sheet. I am also enclosing it for your kind perusal.

Regards

Please clarify what you want to know so that seniors can help you. Regarding PF deductions, it is 12% on the Basic Pay from both sides, i.e., Employee and Employer. Concerning ESI, the deductions are based on Gross Salary. The Employees' Contribution is 1.75%, and the Employers' contribution is 4.75%. If you require further help, please provide more details.

The due date for PF challan submission is the 15th of every month, while for ESI, it is the 21st of every month.

Earnings
- Basic: 20,000
- HRA: 10,000
- Conveyance: 800
- Medical Reimbursement: 1,250
- Special Allowance: 17,950
Total Earnings: 50,000

Deductions
- PF
- Professional Tax
- TDS

Regards,
Raj

What percentage are you looking for? Please elaborate so I can provide you with an appropriate answer. Regarding PF & ESI deductions, they do not vary from state to state as they are centrally governed. The contribution towards PF is 12% of the Basic Salary for both the Employee and Employer. Additionally, administrative charges are applicable, which the employer has to contribute, totaling approximately 1.61%.

The contribution towards ESIC is 1.75% of the Gross Salary for the Employee and 4.75% for the Employer. Professional Tax varies from state to state.

I hope this information satisfies your query.

Regards,

The PF percentage is 25.61%, with 12% from employee contribution and 12% from employer contribution, out of which 8.33% is for pension purposes. Additionally, there is a 1.61% charge for administration.

Types of PF:

1) Limited - calculated as 6500*12% = 780
2) Unlimited - calculated as the basic amount multiplied by 12% (Basic Amount * 12% = XY)

Please let me know if you need further clarification. Thank you.

Regards

This has all been discussed a number of times in this forum. Please type your query in the "Find Information" box at the top of this web page, and you will find all the required details explained elaborately. If you are stuck with any particular case where you could not find the answer, please feel free to write to the forum, and seniors will definitely help you.

I have created a payslip for my own company. It's a software and recruitment firm. Please check if I am right with that model. I am awaiting your reply. I am requesting support from my peer professionals.

Thanks in advance.