Tax rate
This query is : Open
02 September 2011
Sir
What is the rate of Employer & Employee contribution in EPF AND ESIC. Please describe the limit of wages and salary in which case ded is mandatory. Pl also describe tax implication on non ded of it on both employee and employer under which sec of it act.
What is the rate of Employer & Employee contribution in EPF AND ESIC. Please describe the limit of wages and salary in which case ded is mandatory. Pl also describe tax implication on non ded of it on both employee and employer under which sec of it act.
02 September 2011
In EPF - Employer contribution
8.33% pension fund on Basic and DA
3.67% provident fund on basic and DA
In ESI Employer contribution
4.75% on gross salary
for ESI enployee having gross more then Rs.15000 then ESI not apply
8.33% pension fund on Basic and DA
3.67% provident fund on basic and DA
In ESI Employer contribution
4.75% on gross salary
for ESI enployee having gross more then Rs.15000 then ESI not apply
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