Hi sir, I am very much confused with PF & ESIC calculation. Can you please provide the full calculation for PF & ESIC for 2013-14 as per the state wise. Your help in this matter is appreciated.
From India, Kumar
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1From India, Kumar
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Salary Breakup
Salary breakup is as follows:
- Basic: 1000
- DA: 500
- HRA: 400
- Others: 1000
Gross Salary: 2900
For PF Calculation
(Basic + DA) * 12% means: (1000 + 500) / 100 * 12 (same from the company) and other admin. charges 1.61%. Maximum up to 6500/-.
For ESI Calculation
Gross salary * 1.75%. From employee salary deduction means: 2900 / 100 * 1.75. From Employer: 2900 / 100 * 4.25. Maximum up to 15000/-.
From India, Panipat
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Salary breakup is as follows:
- Basic: 1000
- DA: 500
- HRA: 400
- Others: 1000
Gross Salary: 2900
For PF Calculation
(Basic + DA) * 12% means: (1000 + 500) / 100 * 12 (same from the company) and other admin. charges 1.61%. Maximum up to 6500/-.
For ESI Calculation
Gross salary * 1.75%. From employee salary deduction means: 2900 / 100 * 1.75. From Employer: 2900 / 100 * 4.25. Maximum up to 15000/-.
From India, Panipat
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Salary Sheet & PF PT Calculation & Challan.xls