Understanding PF and ESIC Deductions: How Will It Affect My Salary in a Software Company?

Please tell me about PF and ESIC. I am working in a software company. My company is starting PF and ESIC, so please give me an answer on how employee PF can be deducted from their salary.

Thanks & Regards,
Toshi Srivastava

Hi Buddy,

Please find the attachment and clarify your doubts.

With Regards,

Mr. Thumbs Up

Hi! Very good morning to all my seniors. Have a great day.

I am a little bit confused about PF.
1) Is PF deducted from the employee's basic salary or gross salary?
2) Is the employee's basic salary INR 15000 per month or is the gross salary INR 15000 per month for PF deduction?

Thanks & Regards,
Toshi Srivastava

Dear Toshi,

PF is deducted on the basic salary of the employee or (Basic+DA) at 12% per annum. The limit is 15000, and after 15000/-, PF is not mandatory. Gross salary does not have any relation with PF; only PT & ESIC have.

Thank you.

My employer, Kore Security, has provided me with my PF number, but no details are shown in the Wave portal. My PF number is 00028680010005797. How can I access my details?