what is the current EPF ND ESI rate
This query is : Resolved
10 April 2016
Sirr..
what is the EPF and ESIC Rate at present. and what is the provision of computation..?
please explain briefly..
thanks
10 April 2016
Epf is calculated on Basic +DA @12% is employee share employer has to contribute @12% +1.61% towards administration and EDLI total @13.61%.
ceiling limit is Rs.15000/- employer can contribute any amount of basic or maximum upto 15000/- it depends on employer. Out of 12%. 8.33% towards pension and 3.67% towards PF is apportioned.
ESI is deducted on gross salary ceiling limit is Rs. 15000/- , above 15000/- Salary not eligible to cover under ESI, Employee contribution @ 1.75% and employers contribution @4.75% total contribution @6.50%
ceiling limit is Rs.15000/- employer can contribute any amount of basic or maximum upto 15000/- it depends on employer. Out of 12%. 8.33% towards pension and 3.67% towards PF is apportioned.
ESI is deducted on gross salary ceiling limit is Rs. 15000/- , above 15000/- Salary not eligible to cover under ESI, Employee contribution @ 1.75% and employers contribution @4.75% total contribution @6.50%
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