Practicing Company Secretary/Tax Consult
403 Points
Joined July 2008
A) Provident Fund : Total PF is 25.61% on the basic salary/wages and D.A. Employees contribution is 12% and 13.61% contribution is from the employer. Employer contribution includes 8.33% as EPF, 3.67% as EPF, 1.10% as adm.charges, 0.50% as insurance premium of employees, 0.01% other charges.
B) ESIC : Total ESIC is 6.50% on the gross wages+overtime+performance allownace, etc. But does not include the bonus. employees contribution is 1.75% and employer contribution is 4.75%.