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· KekaPayOfficial

PF and ESIC rates and thresholds

Summary

PF is 12% each from employee and employer, ceiling ₹25,000. ESIC applies at ₹21,000 a month or less: employee 0.75%, employer 3.25%.

Key points
  • PF at 20+ staff, ESIC at 10+ (20 in some states)
  • Register within 15 days of crossing the threshold
  • Once covered, it continues even if headcount falls
What it means for Korean companiesPlan the registration date around the month you'll cross the threshold.

More

· ShifteePayOfficial

The 50% wage rule

Wages are basic pay, DA and retaining allowance. If the 11 excluded items, such as HRA, overtime and commission, add up to more than 50% of total pay, the excess is added back to wages.

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PF and ESIC rates and thresholds · Adullam HR & Legal