For learning PF process click below link
Provident fund Calculation:
It divided into two types:
1.Employer(company) contribution
2.Employee contribution
Let us discuss briefly
Total PF contribution: 25%
Employer contribution: 13% on basic
Like this : 8.33% for provident fund + 3.67% for pension scheme
and 0.5% Admin charges + 0.5%EDLI(Employee deposit lined insurance)
Employee contribution: 12% on basic
For login pf portel management will provide you UAN number.
ESIC Calculation:
ESIC contribution 6.5% on gross
Employee contribution = 1.75%
Employer contribution = 4.75%
Eligibility: Total earnings < 21000(gross)PM
management will provide ip number for login in ESIC portel
Some Abbreviations
UAN: universal authentication number
IP: insured person
TIC - Temporary Identity card or E-pehachan card
PF - Provident Fund
ESIC - Employee State Insurance Corporation
EDLI - Employee Deposit Linked Insurance Scheme
Which Document need for PF & ESIC
1. Aadhar
2. PAN
3. Bank Account
4. DOB
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