ESIC & PF

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 July 2010 If gross salary brk up is:
Basic 9000
HRA 3000
other 2800
total 14800
PF is: 9000*12% (employee contri)
9000*13.61% (employers)
ESIC @ 4.75% & 1.75%

If employee worked only for 20 days then will there be any change in PF & ESIC calc.
Is ESIC calc on gross salary(standard) or gross payable (considering absent days)

pls pls answer with the amts in example.

10 July 2010 ESI & PF is deducted on the amount the company has paid you. In case the company pays you salary for 20 days, then PF & ESI will be deducted on salary of 20 days only.

Amount will be >

Salary paid for 20 days
Basic 9000*20/30 = 6000
HRA 3000*20/30 = 2000
Other 2800*20/30 = 1867
Total = 9867

PF = 12% of 6000 = 720
ESI will be = 6.5% of 9867 = 641

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 July 2010 thanks sir!!


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