WebSep 30, 2024 · As per labor laws of the Government of West Bengal, the Applicant claims Minimum Wage + Employer Portion of 13% EPF plus 3.25% ESI and charges tax at the rate of 18% leviable under the Central Goods and Services Tax Act, 2024 ( “the CGST Act”) on gross bill amount in every month for providing said services to the Government … WebApr 7, 2024 · We out source our cabling work to individual persons and deduct TDS on payments made to them. We dont have 10 people in our organisation but to fullfil the tender conditions, registered under ESI/EPF. The inspector inspected our balance sheet and told to pay esi and epf on following heads. 1. Repair and Mainteance 2. Installation Chages 3.
PF / ESIC rate of deduction for both Employee & Employer contrib…
WebJul 6, 2024 · ESI calculation The ESIC act, 1948, has fixed the percentage contribution of the employer at 3.25% of the wages and that of the employee at 0.75% of the wages. ESI calculation formula ESI is calculated on total … WebJan 27, 2024 · Who is eligible for ESI? According to the FAQs on the ESIC website, with effect from January 1, 2024, the monthly wage ceiling for coverage of an employee is Rs. 21,000 per month. It is the employer's responsibility to enrol eligible employees in … blue ribbon fire
PF / ESIC rate of deduction for both Employee & Employer …
WebJan 28, 2024 · EPF Contribution Rate 2024-21 PDF. EPF Contribution Rate 2024-21 PDF Download for free using the direct download link given at the bottom of this article. The employer makes a contribution of 8.33% towards the EPS (Employees’ Pension Scheme) account of the employee. Another 3.67% is added to the EPF account of the employee. WebFor EPF – 3.67% For EPS –8.33% or Rs. 1,250/- For EDLI – 0.50 or max Rs. 75/- The chief motive of the EDLI scheme is to offer financial security to the family members of the policyholder (deceased person). Family members mean spouse, unmarried daughter or male child up to 25 years of age. WebAug 31, 2024 · The rates of contribution are revised from time to time. Currently, the employee’s contribution rate is 0.75% (Earlier it was 1.75%) of the wages and that of … blue ribbon fish co inc