Hi all,
Employee ESI contribution = 1.75% on gross
Employer ESI contribution = 4.75% on gross
slab for ESI is Rs.10,000/- gross, if an employee's gross is above the mentioned slab, he will not be covered under ESI.
Employee PF contribution = 12% on BASIC
Employer PF contribution = 12% on BASIC
PF slab is Rs.6500/- basic, over and above which no need to pay PF, i.e. maximum contribution is Rs.780/- (12% of 6500)
Actually all the employees must be covered under PF even though their basic is above 6500. However, there is an exception for this, an employee with the prior consent of the employer can exempt himself from PF contribution.
plz do let me know if u have any more doubts or if u dont understand something
warm regards
Sirisha.k