10th September 2008
Hello Sir,
I am Bharathi from Chennai. I have recently secured a job in a hospital. I am unsure about how to deduct PF and ESI. Could you please advise me on whom we need to deduct PF and ESI for, and what the eligibility criteria are for PF and ESI contributions? Additionally, I would appreciate it if you could provide me with the calculations.
Thank you,
B. Bharathi
Chennai
From India, Madras
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Hello Sir,
I am Bharathi from Chennai. I have recently secured a job in a hospital. I am unsure about how to deduct PF and ESI. Could you please advise me on whom we need to deduct PF and ESI for, and what the eligibility criteria are for PF and ESI contributions? Additionally, I would appreciate it if you could provide me with the calculations.
Thank you,
B. Bharathi
Chennai
From India, Madras
Acknowledge(0)Amend(0)
PF is calculated on basic at 12%. ESI is on gross salary at 1.75% of the employee's share and 4.75% of the employer's share. PT is calculated on gross salary based on limits. TDS is calculated on gross salary with some standard deductions like PF, ESI, PT, medical allowance, and HRA.
Up to One Lakh ten Thousand @ 0%
110000 to 150000 @ 10%
150000 to 250000 @ 20%
250000 and above @ 30%
On Tax @ 3%, education is additional.
Basic 50%
HRA 20%
Medical 10%
Education 1%
Conveyance 6%
Misc. (13% - PF + ESIC)
From India, Bangalore
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Up to One Lakh ten Thousand @ 0%
110000 to 150000 @ 10%
150000 to 250000 @ 20%
250000 and above @ 30%
On Tax @ 3%, education is additional.
Basic 50%
HRA 20%
Medical 10%
Education 1%
Conveyance 6%
Misc. (13% - PF + ESIC)
From India, Bangalore
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ESI & PF CALCULATION.xls