Query on Provident Fund and ESI Deductions
What are the heads of expenses on which the employer has to deduct Provident Fund (PF) and Employee State Insurance (ESI)? Please provide a detailed list of all the expenses on which Provident Fund and ESI should be deducted. It is very urgent; please reply to the query as soon as possible.
From India, Mumbai
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1What are the heads of expenses on which the employer has to deduct Provident Fund (PF) and Employee State Insurance (ESI)? Please provide a detailed list of all the expenses on which Provident Fund and ESI should be deducted. It is very urgent; please reply to the query as soon as possible.
From India, Mumbai
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Hi Sneha Find enclosed excel sheet which briefs on both ESI 7 PF
From India, Bangalore
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From India, Bangalore
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Thank you, Jeevarathnam Sir, for providing the formulas. I want to know the head of expenses on which PF and ESI should be deducted. In other words, on whose salary and for which payments should ESI and PF be deducted?
From India, Mumbai
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From India, Mumbai
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Hi Sneha, even that's there, right?
Provident Fund (PF) Contributions
PF: 12% on the basic salary of both the employee and employer. Other than that, there are additional charges: 1.1% as admin charges from the employer (ER), 0.5% as EDLI charges from ER, and 0.01% as EDLI admin charges from ER.
Employee State Insurance (ESI) Contributions
ESI: Employee contributes 1.75% on gross salary, while the employer contributes 4.75% on gross salary.
From India, Bangalore
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Provident Fund (PF) Contributions
PF: 12% on the basic salary of both the employee and employer. Other than that, there are additional charges: 1.1% as admin charges from the employer (ER), 0.5% as EDLI charges from ER, and 0.01% as EDLI admin charges from ER.
Employee State Insurance (ESI) Contributions
ESI: Employee contributes 1.75% on gross salary, while the employer contributes 4.75% on gross salary.
From India, Bangalore
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PF & ESI.zip
Presentation PF&ESI.ppt
Exp.and esi pf mis format.xls