Pf and esic

Save Share

This query is : Resolved

varad (Querist)

03 March 2013 hey guys please lemme know the contributions made by the Employer and Employee for the following-(For Assessment Year 2013-14)
1. Provident Fund
2. ESIC

and also the administration charges made by the Employer for the following-
1. Provident Fund
2. ESIC.

Its very urgent guys so please tell me.

Regards,
Varad Agrawal

Santosh Mishra

Santosh Mishra (Expert)

03 March 2013 Both employer and employer contribute 12% of basic salary towards provident & Pension fund. Employers are require to pay 1.1% of basic as administration charges, .0.5% of pension basic as EDLI and .01% of pension basic towards EDLI admin charges.

Rate of contributions for ESI are 1.75% and 4.75% of total salary by employee and employer respectively.

@VaibhavJ

@VaibhavJ (Expert)

03 March 2013 Agree with expert!!

Also if you take Insurance from any other company you are eligible to get exemption from contributing for Ins. Charges of PF Scheme.

Thanks!!

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