Epf and esi deduction basis?

Others 5076 views 3 replies

Hi friends!!!

Please guide me on the following matters:

1. I read the new rules of PF deduction according to which EPF is deductible on gross instead of basic. From when are they applicable from?

2. Is EPF deductible on actual basic or earned basic(i.e., after LOP)?

3. Is ESI deductible on actual gross salary or earned gross salary(i.e., after LOP)?

4. Will Employee contribution to EPF and ESI form part of CTC?

Thanks in advance....

 

 

 

Replies (3)

Hi Guddi,

 

1. I read the new rules of PF deduction according to which EPF is deductible on gross instead of basic. From when are they applicable from?

Ans: It is not applicable yet!!

2. Is EPF deductible on actual basic or earned basic(i.e., after LOP)?

Ans: Earned Basic

3. Is ESI deductible on actual gross salary or earned gross salary(i.e., after LOP)?

Ans: Earned Gross Salary

4. Will Employee contribution to EPF and ESI form part of CTC?  
Ans: Yes


Thanks//VaibhavJ

thanks vaibhav can you tell me from when are the new pf rules applicable from?

No dates communicated by department yet.


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