ESI & PF
This query is : Resolved
10 April 2010
What is the maximum %age of ESI and PF an employer can statutorily deduct from employee's salary ???
CMA Ramesh Krishnan
(Expert)
10 April 2010
Presently (employees contribution) to
PF = 12% of Basic
ESI = 1.75% of basic
PF = 12% of Basic
ESI = 1.75% of basic
10 April 2010
Thank You for your quick response Ramesh Sir ...
But i still have a doubt regarding Employee's contribution to PF ...
Isn't it 10% ?? {Sec 6 as amended by EPF and MP Act, 1988}
However employee can on his discretion contribute more than this %age ..
Right ??
But i still have a doubt regarding Employee's contribution to PF ...
Isn't it 10% ?? {Sec 6 as amended by EPF and MP Act, 1988}
However employee can on his discretion contribute more than this %age ..
Right ??
kartik_somu
(Expert)
11 April 2010
the rate for PF is 12 %. An employee may voluntarily contribute higher % of salary.
PF is calculated on basic and DA.
ESI is calculated on gross salary
PF is calculated on basic and DA.
ESI is calculated on gross salary
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