Epf and esi
Querist : Anonymous
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
*********
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.
Querist : Anonymous
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
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.
Querist : Anonymous
is mandatory in this case..? please help
Click here to login now
Similar Resolved Queries
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Non-Compliance documents have not been submitted by the contractors debited
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Journal entry of busniess expenses
- Invertaded duty struture
- Cash balance limit and property purchases limit
- EXPORT COMMERCIAL INVOICE HSN CODE
- GST not cancelled by tenant
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
