what is the current EPF ND ESI rate
This query is : Resolved
CA Abhishek Sharma
(Querist)
10 April 2016
Sirr..
what is the EPF and ESIC Rate at present. and what is the provision of computation..?
please explain briefly..
thanks
KAVIRAJA ADDANGADI
(Expert)
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%
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Gift to nri relatives residing in usa
- Capital Gains Tax on Inherited Mutual Fund
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
