Applicablity of employees pt pf and esic
prasadmalani (a) (42 Points)
03 May 2016
i wanted to know applicablity of Employees PT PF and ESIC
prasadmalani (a) (42 Points)
03 May 2016
Kumar Sushank
(General Manager - Finance)
(1040 Points)
Replied 15 June 2019
For PF : Basic + DA should be less than 15,000/- to join as PF Member, whereas if basic is exceed to Rs. 15,000/- and he is registered as PF Member then you can continue his deduction (Deduction will be 12 % of Basic in all case)
Employer have to deposit (Total 12% + 12%) in PF as additional on behalf of their employees.
For ESI : Payable amount should be less than 21,000/- and total employee of employer should be at least 10. (Deduction will be 1.75 % of payable)
Employer have to deposit (Total 1.75 % + 4.75 %) in ESI as additional on behalf of their employees.
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