Dear All, Plz clarify weather OT will be consider for PF & ESI deduction or Not, Thanx & Regard
From India, Basti
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18From India, Basti
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While calculating the PF, we need not to consider the OT Wages, but for ESI total gross salary to be considered eventhough it exceeds the ceiling.
From India, Kumbakonam
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From India, Kumbakonam
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Sir, Do i need to consider the OT for ESIC deduction as gross salary or not,
From India, Gurgaon
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From India, Gurgaon
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Yes, you must consider all the payments for deducting the ESI, which includes overtime, conveyance allowance, etc. However, if the conveyance is for reimbursement, food, or canteen subsidy, then you do not need to deduct ESI for the reimbursement. To avoid confusion, you can create separate vouchers for canteen subsidy and conveyance expenditure.
From India, Kumbakonam
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From India, Kumbakonam
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PF & ESI.zip
Presentation PF&ESI.ppt
Exp.and esi pf mis format.xls