Contributions & Benefits
Gurpreet
(Querist) 11 March 2009
This query is : Resolved
I need help from experts...
can u plz guide me that what are the various contributions required frm employer and employee as per ESI and Provident fund act???
And how can they avail the benefit in PF??
PALNITKAR V.V.
(Expert) 12 March 2009
The common contribution is PF. Some times ESI i.e. insurance is also required.
Manish Singh
(Expert) 12 March 2009
I am providing the contributions payable by concerned persons as follows.
Employee --Employer --Government- Total
PF -- 12%- 3.67%- --- -15.67%
Pension
Fund ---- 8.33%- 1.16% -- 9.49%
Insurance
Fund (EDLIS)--- 0.05% ------- -0.05%
Total 12%-- --12.05% ---1.16% -25.21%
Gurpreet
(Querist) 15 March 2009
thanks for 1stt ques answer but 2nd ques was how can they avai athe benefit???
whether they have ti fil any form or sum other thimgs are thr....
plz answer me...
Manish Singh
(Expert) 15 March 2009
if an employee as well the Employer is covered under the limits prescribed under those acts, then the employer shall be liable to give them those benefits otherwise appropiate action can be taken against the employer like filing complaints to the ESIC & EPFO.