Esic and pf calculation


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 June 2018 Dear sir,

I am a bit confused about the calculation of ESIC and PF it needs to be calculated on earned salary or the total gross monthly fixed salary. Please clarify. If a employee is having salary 20000 monthly only esic is applicable but if he works only 15 days of the month than we need to pay pf also on the same. please clarify.

15 June 2018 PF is calculated on Salary comprises BASIC + DA + Special allow, As per rules PF applicable 12% on basic salary up to Rs.15000/-. Beyond employer may restrict PF upto Rs.15000/- of Basic or he can exempt from PF deduction.

ESI is calculated on Gross Salary ceiling limit Rs.21000/-, above Rs.21000/- ESI not. Applicable.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 June 2018 sir but it will be calculated on earned salary or fixed gross monthly salary.

16 June 2018 Definitely parameters is applied on gross salary for apply of act but calculation done based on earned salary . If you exempt from ESI or PF as per gross salary, than ESI and PF not applicable earned salary is not criteria for limit its consider actual basic +da and gross earned.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details