So overall 4% of employee gross salary will be paid towards ESIC account in every month.Įvery employee whose monthly basic wage + Dearness Allowances (DA) is below 15000 Rs will become eligible for the EPF scheme.
ESI Calculation Formula Percentages 2021 ESI calculated on Note: If there is no DA then only basic wage is considered to calculate the EPF monthly contributions. So total employee will contribute 12% of basic wage + DA for PF and employer will pay 13% towards employee PF and pension accounts together. PF Calculation Formula Percentages 2021 PF calculated on
Not only employees even employers can also use the above format to calculate the monthly contributions of employees towards PF and ESI. The above excel format is updated as per the latest EPF and ESIC calculation formulas. Download PF & ESI Calculation Excel Format 2021
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