Rates of esi & pf

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 December 2014 Sir we want rate of Employee provident fund and Employee state insurance monthly from employer contributions rates and employee contribution rates?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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31 December 2014 The Provident Fund (PF) contribution is 12% of PF Wages from both employee and employer.
PF admin charge = Employer has to pay 1.1 % of pf wages EDLIS: Employer has to pay 0.5% of pf wages EDLIS admin charge:Employer has to pay 0.01% of pf wages. Hence, total additional percentage employer has to pay is rupees : 1.61% of basic so employer has actually to pay 13.61 % of Basic and employee has to pay only 12% of pf wages.
Employee State Insurance Corporation(ESIC) is deducted on gross salary which is 1.75% from the employee contribution & 4.75% from the employer contribution.

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@VaibhavJ

@VaibhavJ (Expert)
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31 December 2014 For PF wages means Basic + DA/Spl Allowances.

And for ESI wages means all Basic + All allowances which are paid regularly and exclude any payment which is made quarterly to employees.

Thanks

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