Professional Answers on Investments
Insurance, Mutual Funds, Sensex, Nifty, Financial Planning
PF is calculated at 12% on your basic salary that will be deducted by your employer..
ESI is caluclated at 5% on basic salary if the gross salary is below Rs.10k..
ESI is calculated from gross pay. 1.75% from Employee’s gross pay and 4.75% from Employer’s as management contribution.
Then PF is calculated from Basic pay. 12% from Employee’s contribution. 13.61% from Employer’s contribution.
That is 3.67%+12% is for PPF, 8.33% for FPF and 1.10% +.5%+.01% as management contribution.
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