⚡ Payroll & Compliance • Step-by-Step
PF & ESIC Calculation
Complete guide with explanations, formulas, and salary calculations.
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payments
1. Provident Fund (PF/EPF)
Mandatory for employees with Basic Salary + DA ≤ ₹15,000.
Employee Share
12%
Employer Share
12%
EPS (Pension Scheme)8.33%
EPF (Provident Fund)3.67%
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2. ESIC (Employee State Insurance)
Mandatory for employees with Gross Salary ≤ ₹21,000.
Employee Share
0.75%
Employer Share
3.25%
ESIC provides medical & healthcare benefits for employees and their dependents.
Salary Sheet Example (May 2025)
| Employee Name | Basic (₹) | DA (₹) | Gross (₹) | PF 12% (₹) | ESIC 0.75% (₹) | Net Salary (₹) |
|---|---|---|---|---|---|---|
| M. AHAMAD | 15,000 | 10,500 | 25,500 | 2,652 | 191 | 19,257 |
| NIRAJ N. | 15,000 | 10,500 | 25,500 | 2,652 | 191 | 19,257 |
Formulas
- Employee PF: Basic Salary × 12%
- Employee ESIC: Gross Salary × 0.75%
- Net Salary: Gross - PF - ESIC
Key Reminders
- PF calculated on Basic Salary according to days.
- ESIC calculated on Gross Salary according to days.
- Statutory compliance must be processed by the 15th of next month.
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