what is the meaning of salary for calculating ESI & PF of employee.?

10 Answers

  • 1 decade ago
    Best Answer

    In India following are considered as salary for calculation of :

    ESI : Basic + HRA + DA + Other Allowances + LTA + Conveyance and everything that makes your gross salary not exceeding Rs.10,000/- per month.

    PF : Basic + DA only Employees contribution will be 12% of his emoluments.12% of emoluments (basic wages, dearness allowance, cash value of food concession and retaining allowances if any,) in the case of 175 establishments.

    Rate of contribution shall be 10% in the case of the following:

    Brick, beedi, jute, guar gum factories, coir industry other than spinning sector.

    A matching contribution is to be collected from the emoluments of the employees.

    Out of 12% (or 10% as the case may be) of the employer’s share of contribution, 8.33% is to be remitted towards pension fund.

    Employer is also required to pay a contribution of 0.5% of the emoluments towards EDLIS’1976

    Source(s): esic.nic.in/coverage.htm for ESIC epfindia.com
  • Anonymous
    4 years ago

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    what is the meaning of salary for calculating ESI & PF of employee.?

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  • 5 years ago

    ESI means Employee state insurance,actually its providing a self-financing social security and health insurance scheme for Indian workers

  • Erika
    Lv 4
    3 years ago

    What Is Esi

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  • tro
    Lv 7
    1 decade ago

    I don't know what your terms refer to but

    in the US when we calculate the Social Security, Medicare and State Disability taxes that are required withholdings it is based on the gross amount of money.

  • 4 years ago

    Is extended in area-wise to factories using power and employing 10 or more persons and to non-power using manufacturing units and establish-ments employing 20 or more person upto Rs.25000/- per month . It has also been extend-ed upon shops, hotels, restaurants, roads motor transport undertakings, equip-ment maintenance staff in the hospitals.

  • Anonymous
    5 years ago

    full form of ESI and meaning of that

  • Lorene
    Lv 4
    4 years ago

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  • 4 years ago

    1.75 of 10000

  • 16000

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