p.f and esi

imran ahmed (Querist) 14 October 2012 This query is : Resolved
Dear Sir,
P.F and ESI fall under labour law.
could you please tell me current rate of P.F
and ESI . To my knowledge P.F is 12% of salary . what is defination of salary.
and what is defination of salary for ESI.
Employer and employee contribution.
Please tellme in detail about those.

Thanking you
Imran Ahmed

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Sudhir Kumar, Advocate (Expert) 15 October 2012
Please consult section 2 of EPF Act 1952 and section 2 of ESI Act 1952

RK Agrawal (Expert) 15 October 2012
1. fall in labour law
2.current rate of pf on wages of rs 6500 . THAT IS 12 % of wages contribution by employee and 12% by employer.
as per pf wages definition includes- basic wages + da+ retaining allowance + cash value of food concession.
3. current rate of esi on wages on rs 15000/-
contribution -Employer : 4.75 % Wages,Employee : 1.75 % Wages
wages definition as per esi act
SEC 2(22) WAGES;- ALL REMUNERATION PAID OR PAYABLE, IN CASE TO AN EMPLOYEE
and payment made for
AUTHORISED LEAVE
LOCKOUT,
STRIKE WHICH IS NOT ILLEGAL
LAY OFF

BUT DOES NOT INCLUDE
PF
TRAVELLING ALLOWANCE
GRATUITY PAYABLE

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