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Esi & pf

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 January 2015 Whether Managing Director has applicable deduction PF & ESI in his salary?

01 January 2015 Hi

Yes, it is applicable. However since his salary would be more than threshold limit you may not be required to contribute ESI, but you may contribute PF.

For ESI if Gross Salary paid is more than 15K then you are not required to contribute ESI.

For PF if Basic + DA is more than 15K then it is not mandatory to to contribute EPF however as a retirement benefit many company's are contributing towards EPF.

Thanks


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