Easy Office

Epf and esi


Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
08 October 2015 please provide me your valuable info.

my query is
if a call centre business registered in india(pvt ltd) then when the epf and esi will b applied,
as i know pf and esi is applicable if a co. is having 20 or more employees and getting below 15000 emoluments.


please help

thank you in advance

14 October 2015 ESI & EPF
*********
The ESI Act applies to non-seasonal factories or manufacturing units, shops & establishments, Private Medical & Educational Institutionsemploying 10 or more persons. Under the enabling provisions of the Act, a factory or establishment, located in a geographical area, notified for implementation of the scheme falls in the purview in the Act. Employees of the aforesaid categories of factories and establishments and drawing wages o upto Rs.15,000/- a month are entitled to health Insurance cover under the ESI Act. The wage ceiling for purpose of coverage is revised from time to time to keep pace with rising cost living and subsequent wage hikes. The present ceiling of Rs.15,000/- has been effective from 1.5.2010.

The Employees Provident Fund Organization (EPFO) has hiked the minimum salary limit to Rs. 15,000 from Rs. 6,500. The changed rules will be applicable from 1st September 2014.



Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 October 2015 Thank you sir for being ao helpful. And one more thing...
So how to calculate epf and esi for both employer and employee cont. if an employee is getting salary of ₹20000pm and ₹12000 pm(in both circumstances) as i know pf rate is 12% for both and esi= employee:-1.75% and employer:- 4.75% please advice




15 October 2015 ESI is contributed from both the sides Employee as well as Employer.

Employee Side- 1.75% of gross/month
So if gross of an employee is 15000/month then ESI contribution would be 15000*1.75% = Rs. 262.50 Rupees

Employer side- 4.75% of gross/month
ESI contribution would be 15000* 4.75% = Rs.712.50 Rupees.

Whereas, PF is also been paid from both the sides.. Both the employer as well as employee is required to pay the 12% of basic salary..

Out of this 12% of employer's contribution 8.33% goes to Pension fund.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 October 2015 if a pvt ltd co. having 20 or more employees and everyone is getting 30000 plus salary except peon .. then esi and epf is applicable or not
is mandatory in this case..? please help



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries