DETAIL KNOWLEDGE ABOUT ESIC,PF & PT

SEEMAJ
HI, I WANT A DETAIL KNOWLEDGE OF DEDUCTION OF P.F. , ESIC & PROFESSIONAL TAX.
Amitmhrm
Dear Dilip, If you search will get detail in various posts.. For your reference here are few basic details.. PF is contributed 12% of Basic & DA from both employee as well as employer side. ESIC is deducted @1.75% of gross salary per month from employee and 4.75% of Gross from employer. whereas ceiling is 10,000/- per month only. If one's gross is more than 10,000/- then he shall be exempted from the ESIC. Professional tax is deducted on gross salary, here it has some range for the deduction and it varies from State to State. Like for Gujarat upto 3000 gross salary is exempted from PT. upto 5999/- deducts Rs. 20, upto 8999/- deducts Rs. 80, upto 11999/- attracts 150 and above that attracts 200/- rupees. Regards, Amit Seth.
Amitmhrm
Dear Deepak, ESI is deducted from both the sides eployee as well as employer.. All the employees whose gross salary is below rupees 10,000/- per month are covered under ESIC. Calculation is made of - Employee side = Gross Salary *1.75% Employer Side = Gross Salary * 4.75% Total = 6.5% PF contribution is made equally from both the sides employee & employer, 12% of Basic salary. Out of 12% of employer's contribution 8.33% goes to Pension Fund and rest 3.67% goes to Provident Fund. So, total contribution in Provident Fund = 12+3.67 = 15.67% and Pension Fund = 8.33%. Regards, Amit Seth.
vaibhav1983
Can Any one pls share with me the PF yearly return date and all related form of PF & also want esic half yearly return due date and form of correspondance.
Thanks & Regards
Vaibhav
supriyagodithi
i just want to clarify Mr.amith seth description, the ESI is applicable to the people who's gross salary is below 15,000/month.
vaibhav1983
this is the basic knowledge about PF & ESIC but what about PF return what is clauses of esic half yearly return the form no??? need end to end details can any expert pls elaborate the same.
jassi86
Subject - DETAIL KNOWLEDGE ABOUT ESIC,PF & PT
HI, I WANT A DETAIL KNOWLEDGE OF DEDUCTION OF P.F. , ESIC & PROFESSIONAL TAX.
please help me
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