Dear Friends, I need to learn about the PF and ESI contribution for both employee and employer side. Kindly explain me. Thanks.
From India, Madras
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From India, Madras
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Dear Aiswarya,
Regarding EPF:
1. Employee contribution: 12%
2. Employer contribution: total - 12%; 8.33% subject to a ceiling of 541 p.m will go to EPS. The rest of the amount will remain with EPF.
3. EDLI (also part of EPF): 0.5% from the employer will go to EDLI.
4. Besides the above, the administration charges of 1.1% for EPF and 0.1% for EDLI have to be remitted by the employer. For exempted Trust and in lieu of EDLI, instead of the administration charges, inspection charges of 0.18% and 0.005% will be incurred, respectively, by the employer.
Regarding ESI:
- Employee contribution: 1.75%
- Employer contribution: 4.75%
Abbas.P.S
From India, Bangalore
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530Regarding EPF:
1. Employee contribution: 12%
2. Employer contribution: total - 12%; 8.33% subject to a ceiling of 541 p.m will go to EPS. The rest of the amount will remain with EPF.
3. EDLI (also part of EPF): 0.5% from the employer will go to EDLI.
4. Besides the above, the administration charges of 1.1% for EPF and 0.1% for EDLI have to be remitted by the employer. For exempted Trust and in lieu of EDLI, instead of the administration charges, inspection charges of 0.18% and 0.005% will be incurred, respectively, by the employer.
Regarding ESI:
- Employee contribution: 1.75%
- Employer contribution: 4.75%
Abbas.P.S
From India, Bangalore
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PF Wages and Contribution Adjustment
Please inform me about PF wages. If an employee wishes to reduce his PF contribution in writing, stating that his Basic+DA is ₹5000 and gross is ₹9000 per month, and he wants to reduce his Basic+DA to ₹4109 (as per the State Govt. Minimum Wage Act), can the employer change his contribution? If yes, kindly explain the procedure and the relevant clause of the Act.
Thank you.
Regards
From India, Bhopal
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Please inform me about PF wages. If an employee wishes to reduce his PF contribution in writing, stating that his Basic+DA is ₹5000 and gross is ₹9000 per month, and he wants to reduce his Basic+DA to ₹4109 (as per the State Govt. Minimum Wage Act), can the employer change his contribution? If yes, kindly explain the procedure and the relevant clause of the Act.
Thank you.
Regards
From India, Bhopal
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PF Contribution on not less than Minimum Wage.pdf
Minimum Wages, ESI & PF.pps