What Is The Ceiling Limit For ESI & PF

Hi.... can anyone let me know , what is the latest ceiling limit for ESI & PF. Thanks ...

The Employee Provident fund is deducted from the Employee’s monthly salary. The employer also contributes to the PF fund. From 1st September 2014, the EPFO has revised the basic wage limit on which PF contribution will be done from Rs. 6500 to Rs. 15000. Employers have to revise the PF deductions from September 2014 onward for all employees whose basic salary is less than or equal to Rs. 15000.

The maximum/ ceiling limit of PF is 15000 ( Basic Salary). Note that here basic salary is 50% of CTC. A employee who is having basic + DA less than or equae to 15000 as basic salary may cover under PF deductions. If it is more than 15000 than employer is having a option to pay on ceiling amount (15000*12%)=180.

PF CEILING 15000/- (BASIC+DA)
=15000*12/100=1800
ESI CEILING 15000/- (GROSS SALARY)
EMPLOYER CONTRIBUTION=15000*4.75/100 = 712.5
EMPLOYEE CONTRIBUTION=15000*1.75/100 = 262.5
REGARDS
V.NAGARAJU