What is the pf and esi contribute rate?

Question

Accepted Answer

The PF (Provident Fund) and ESI (Employee State Insurance) contribution rates vary depending on the country and specific regulations.

The PF contribution rate is typically a percentage of the employee's salary, with both the employer and employee making contributions.
The ESI contribution rate is also a percentage of the employee's salary, with only the employer making contributions.
These rates can differ based on the income threshold, industry, and government regulations.
For example, in India, the current PF contribution rate is 12% of the employee's basic salary, and the ESI contribution rate is 4% of the employee's gross salary.

Accepted Answer

PF contribution is 12% for employees and also 12% for employer's ( from which 3.67 % in EPF and 8.33% in EPS)

Esic contribution rate is 0.75 % for employees and 3.25 % for employers

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