Hi, can any one let me know about the PF, POOF ESIC, ESI and other benefits are there, and is there max limits of all this sudhanshu
From India, Mumbai
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From India, Mumbai
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For ESI, the maximum limit is Rs. 10,000 (BA+DA+SPL ALL+CONV).
For PF, it depends on the mutual consent of both the employee and the employer. The employer can contribute 12% of the total of basic+DA, but it must not exceed the limit of Rs. 6500 of BA+DA.
From India, Madras
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2For PF, it depends on the mutual consent of both the employee and the employer. The employer can contribute 12% of the total of basic+DA, but it must not exceed the limit of Rs. 6500 of BA+DA.
From India, Madras
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Dear Sender, The limit for ESIC upto Rs. 10,000/- per month. The limit for PF upto Rs. 6500/- p.m. regs Bhushan
From India, Mumbai
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From India, Mumbai
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For PF, the ceiling limit is 6500 (Basic & DA) per month. If anyone exceeds the limit of 6500, we can deduct the PF for the whole amount of the employee's Basic & DA. However, for Pension, we can contribute only Rs 541.00, i.e., 8.33% of 6500. For ESI, it is 10000 inclusive of all allowances.
Regards,
Edward G. Lawrence
From India, Madras
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Regards,
Edward G. Lawrence
From India, Madras
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Dear Sir,
I want to know whether I come under ESI Act. The limit for ESIC is up to Rs. 10,000 per month. However, my CTC is Rs. 10,938 per month.
My salary is given (all in Rs):
EARNING
Basic pay - Rs. 4,375
HRA - Rs. 1,313
DA - Rs. 2,188
Conveyance - Rs. 875
Washing allowance - Rs. 569
Show allowance - Rs. 328
L.T.A (quarterly pay) - Rs. 875
DEDUCTIONS
E.P.F - Rs. 780
1.75% of E.S.I - Rs. 156
4.75% of E.S.I - Rs. 415
Total - Rs. 936
Total Salary: Rs. 10,938
Have a nice day.
S. Vijayakumar
From India, Madras
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I want to know whether I come under ESI Act. The limit for ESIC is up to Rs. 10,000 per month. However, my CTC is Rs. 10,938 per month.
My salary is given (all in Rs):
EARNING
Basic pay - Rs. 4,375
HRA - Rs. 1,313
DA - Rs. 2,188
Conveyance - Rs. 875
Washing allowance - Rs. 569
Show allowance - Rs. 328
L.T.A (quarterly pay) - Rs. 875
DEDUCTIONS
E.P.F - Rs. 780
1.75% of E.S.I - Rs. 156
4.75% of E.S.I - Rs. 415
Total - Rs. 936
Total Salary: Rs. 10,938
Have a nice day.
S. Vijayakumar
From India, Madras
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Hi,
You will be covered under ESI. I have also given a detailed breakdown of CTC. If in doubt, ask me.
Basic: 4375
PF on Basic: 525
HRA: 1313
DA: 2188
PF on DA: 262.56
Con: 875
Washing: 569
Shoe: 328
Total: 9648
ESI on Total: 458.28
LTA(Q): 875
Gross: 10523
ESI and PF Company contribution: 1245.84
CTC: 11768.8 (Does not include bonus or gratuity)
Siva
From India, Chennai
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You will be covered under ESI. I have also given a detailed breakdown of CTC. If in doubt, ask me.
Basic: 4375
PF on Basic: 525
HRA: 1313
DA: 2188
PF on DA: 262.56
Con: 875
Washing: 569
Shoe: 328
Total: 9648
ESI on Total: 458.28
LTA(Q): 875
Gross: 10523
ESI and PF Company contribution: 1245.84
CTC: 11768.8 (Does not include bonus or gratuity)
Siva
From India, Chennai
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Dear Sir,
Thank you for the information, but I have a question to ask. In my salary, Rs 458 is deducted from my account. If I am not covered under ESI, will my basic, HRA, D.A., and other allowances change?
Real CTC per month is calculated as 10523 + 458.28 = Rs 10,981 per month, which amounts to Rs 131,256 per year. If you deduct the LTA amount of Rs 875, the adjusted amount becomes Rs 10,106. Therefore, the gross amount is Rs 10,106.
Now, could you please confirm if I come under the ESI Act?
Thank you.
From India, Madras
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Thank you for the information, but I have a question to ask. In my salary, Rs 458 is deducted from my account. If I am not covered under ESI, will my basic, HRA, D.A., and other allowances change?
Real CTC per month is calculated as 10523 + 458.28 = Rs 10,981 per month, which amounts to Rs 131,256 per year. If you deduct the LTA amount of Rs 875, the adjusted amount becomes Rs 10,106. Therefore, the gross amount is Rs 10,106.
Now, could you please confirm if I come under the ESI Act?
Thank you.
From India, Madras
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Dear friend,
Your question is not clear. Just add the following: Basic DA, HRA, Washing, Shoes, and any allowance paid to you on a monthly basis. Don't worry about deductions. If all these amounts, when added, total 10,000 or less, then you come under ESI. The way you are calculating is incorrect.
From the facts you have given me the first time, I am clear that you fall under ESI.
Siva
From India, Chennai
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Your question is not clear. Just add the following: Basic DA, HRA, Washing, Shoes, and any allowance paid to you on a monthly basis. Don't worry about deductions. If all these amounts, when added, total 10,000 or less, then you come under ESI. The way you are calculating is incorrect.
From the facts you have given me the first time, I am clear that you fall under ESI.
Siva
From India, Chennai
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Dear Sir,
Basic
HRA
DA
Conveyance
LTA
Medical Allowance
Food Allowance
Travelling Allowance
Overtime Pay
Bonus Pay
Shoes Allowance
Washing Allowance
Other Allowance
I want to know which amount of salary comes under ESIC for Rs. 10,000?
If you come under which part, the amount that will come under ESI is 1.75% of the total salary.
Please let me know, sir.
Have a nice day.
S. Vijayakumar
From India, Madras
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Basic
HRA
DA
Conveyance
LTA
Medical Allowance
Food Allowance
Travelling Allowance
Overtime Pay
Bonus Pay
Shoes Allowance
Washing Allowance
Other Allowance
I want to know which amount of salary comes under ESIC for Rs. 10,000?
If you come under which part, the amount that will come under ESI is 1.75% of the total salary.
Please let me know, sir.
Have a nice day.
S. Vijayakumar
From India, Madras
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