Employees provident fund

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sundar (Querist)
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23 December 2013 Dear sir,

kindly give an brief illustration with an example of ESI calcuation for IT companies...

thank you,

TRINATH

TRINATH (Expert)
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23 December 2013 Pf Is Deducted On Basic Salary i.e. Basic + DA is Rs. 6500/- or less ,
(This contribution is only optional because some company may have their own policies )
1) Employee a/c 12% (Basic + DA & food allowance retaining if any )
2) Employer a/c 13.61% (Basic + DA & food allowance & retaining allowance if any)
(PF 3.67% +pension scheme 8.33%+admin charges 1.10% of pf + EDLI 0.5%+ admin charges of EDLI 0.01%)

EPF :
PF IS NORMALLY DEDUCTED FROM THE BASIC & DA
35% ON SALARY AS BAISC
15 % AS DA OUT OF GROSS SALARY
For example gross salary of a person is 10,000/- pm
Basic 35% @ 10,000 - i.e. 3500
DA 15% @ 10,000 - i.e. 1500
Total :- Basic +DA = 5000 /- pm
Employee contribution = 5000*12/100 = 600/-
Employer contribution = 5000*13.61/100= 680.5/-
Employer contribution calculation:-
1. Epf a/c 1 = 5000*3.67/100 = 183.5/-
2. Epf admin charges i.e =5000*1.1/100 = 55.0/-
3. Pension fund a/c no 10 = 5000*8.33/100 = 416.5/-
4. a/c no 21 EDLI =5000*.05/100 = 25/-
5. EDLI ADMIN CHARGES = 5000*.01/100 = .5/-

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sundar

sundar (Querist)
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23 December 2013 thank you sir,

but i have to know the calculation for ESI for IT companies.. whether the 1.75% & 4.75% are the same?

@VaibhavJ

@VaibhavJ (Expert)
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23 December 2013 Yes!!

1.75% from employee salary & 4.75% by employer.

Thanks

sundar

sundar (Querist)
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24 December 2013 thanks a lot sir..

sundar

sundar (Querist)
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24 December 2013 dear sir,

kindly say about the calculation of esi for service rendering units..

thanks

@VaibhavJ

@VaibhavJ (Expert)
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24 December 2013 Hi

Pl refer:

https://www.caclubindia.com/articles/esic-in-detail-16236.asp

Thanks//VaibhavJ

sundar

sundar (Querist)
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19 August 2014 Dear sir,

kindly mention about the documents or the forms like attendance etc. to be maintained for the security guard office under Esi and Epf registration...

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