Provisions for pf, esi,profession tax
This query is : Resolved
Seema Kalyani
(Querist)
10 July 2013
Please Give me detailed information on Employees' contribution to ESI, P.F., and Profession Tax. How to calculate them? What are the tax provisions?
CMA Ramesh Krishnan
(Expert)
11 July 2013
1. PF- employee contribution 12%, employer contribution 8.33% for pension 3.67% of PF. all are in basic salary
2. ESI- employer contribution- 4.75% on gross salary & employee contribution -1,75% on gross salary
3. PT depends on your state PT act & slab
2. ESI- employer contribution- 4.75% on gross salary & employee contribution -1,75% on gross salary
3. PT depends on your state PT act & slab
Message likes :
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CMA Ramesh Krishnan
(Expert)
11 July 2013
1. PF- employee contribution 12%, employer contribution 8.33% for pension 3.67% of PF. all are in basic salary
2. ESI- employer contribution- 4.75% on gross salary & employee contribution -1,75% on gross salary
3. PT depends on your state PT act & slab
2. ESI- employer contribution- 4.75% on gross salary & employee contribution -1,75% on gross salary
3. PT depends on your state PT act & slab
Message likes :
1 times
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