P.F. AND ESI RETURN
This query is : Resolved
05 May 2011
how calculated the ESI or P.F.
and how to send return of P.F.& ESI
pls suggest me
thanks
and how to send return of P.F.& ESI
pls suggest me
thanks
07 May 2011
Hi Mr. Shivashanker my reply may be useful to you.
PF : Provident fund is calculated @ 12% on the basic
salary+DA+Food Allowence+Cash Allowence (Upto Rs.6,500/-and
above of the limit, Company can decide), which indeed is
deducted from Employee's salary and deposit in PF A/c No.1
and the same plus 12% on the basic is contributed by the
employer and deposit 3.67% in the A/c No.1 and remaining
8.33% in A/c No.10 of Pension fund (which is calculated on
the maximum limit of PF Rs.6500/-). So the aggreate 12% +
12% is remitted to the Provident fund Department
ESI : Employee State Insurance is calculated at 1.75% on
the gross salary of the employees whose salary is below Rs.
10000/-permonth (w.e.f 2008) and Employer contributes 4.75%
on the gross salary of the employee and the agreegate 1.75%
+ 4.75% is remitted to the ESI Department
PF : Provident fund is calculated @ 12% on the basic
salary+DA+Food Allowence+Cash Allowence (Upto Rs.6,500/-and
above of the limit, Company can decide), which indeed is
deducted from Employee's salary and deposit in PF A/c No.1
and the same plus 12% on the basic is contributed by the
employer and deposit 3.67% in the A/c No.1 and remaining
8.33% in A/c No.10 of Pension fund (which is calculated on
the maximum limit of PF Rs.6500/-). So the aggreate 12% +
12% is remitted to the Provident fund Department
ESI : Employee State Insurance is calculated at 1.75% on
the gross salary of the employees whose salary is below Rs.
10000/-permonth (w.e.f 2008) and Employer contributes 4.75%
on the gross salary of the employee and the agreegate 1.75%
+ 4.75% is remitted to the ESI Department
07 May 2011
ESI is contributed from both the sides Employee as well as Employer.
It is been calculated on the basis of Gross salary per month and the maximum ceiling is 10000 Rs./Month.
The contribution from both the sides is as below-
Employee Side- 1.75% of gross/month
So if gross of an employee is 8000/month then
ESI contribution would be 8000*1.75% = 140 Rupees
Employer side- 4.75% of gross/month
ESI contribution would be 8000* 4.75% = 380 Rupees.
PF is also contributed from both the sides @ 12% of Basic salary only. Out of employer's 12%, 8.33% goes to Pension Fund and rest 3.67% goes to PF fund.
ESIC challans are deposited at every month on or before the 21st of the month, where as return is submitted half yearly along with the copy of challans deposited.
It is been calculated on the basis of Gross salary per month and the maximum ceiling is 10000 Rs./Month.
The contribution from both the sides is as below-
Employee Side- 1.75% of gross/month
So if gross of an employee is 8000/month then
ESI contribution would be 8000*1.75% = 140 Rupees
Employer side- 4.75% of gross/month
ESI contribution would be 8000* 4.75% = 380 Rupees.
PF is also contributed from both the sides @ 12% of Basic salary only. Out of employer's 12%, 8.33% goes to Pension Fund and rest 3.67% goes to PF fund.
ESIC challans are deposited at every month on or before the 21st of the month, where as return is submitted half yearly along with the copy of challans deposited.
Message likes :
1 times
07 May 2011
but how to be deposited the deducted amount in pf or esi a/c
is it deposited through of by any challan or by bank
how to be filled PF return or ESI return
is it deposited through of by any challan or by bank
how to be filled PF return or ESI return
Message likes :
1 times
07 May 2011
Dear Concern
Pf return send through Form 12 and also enclosed form 5 & 10 in form 12 all the details of pf mentioned accordingly
for Esic Online is required Form 5OF eSIC CHALLAN THAT WILL BE SUBMITED TO SBI BANK
ESIC MAXIMUM CEILING FOR NON DEDUCTION IS RS 15000/- NOT 10000/-
IF ANY QUERY IS REMAINING SO PLS REPLY
Pf return send through Form 12 and also enclosed form 5 & 10 in form 12 all the details of pf mentioned accordingly
for Esic Online is required Form 5OF eSIC CHALLAN THAT WILL BE SUBMITED TO SBI BANK
ESIC MAXIMUM CEILING FOR NON DEDUCTION IS RS 15000/- NOT 10000/-
IF ANY QUERY IS REMAINING SO PLS REPLY
Message likes :
7 times
24 July 2013
I DON'T HAVE PRACTICAL KNOWLEDGE OF PF AND ESI RETRUN . WHERE I CAN LEARN THIS E RETURN
IN NEW DELHI AREA.
IN NEW DELHI AREA.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Itr 1 processing
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- ITR 2 Short Term gain & Long term gain
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Query regarding TDS on EPFO Higher Pension Arrears*
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
