What is the wage ceiling for mandatory EPF coverage?
Employees with a basic salary up to ₹15,000 per month are mandatorily covered; those above can opt out at the start of employment if not previously enrolled.
Employee take-home salary after EPF, professional tax and TDS deductions.
Calculates employee take-home pay, employer payroll overhead, statutory provident fund (EPF), ESI, professional tax, and monthly TDS withholdings.
Net Take-Home = Gross Salary - (Employee EPF 12% + ESI 0.75% + PT + TDS Withholding)
Total employer cost equals gross salary plus employer statutory contributions (EPF 3.67%, EPS 8.33%, EDLI 0.5%, ESI 3.25%).
Inputs: Gross Salary = ₹45,000 | Basic Pay = ₹25,000 | Professional Tax = ₹200 | Monthly TDS = ₹1,500
Summary: Gross Salary = ₹45,000 | Statutory Deductions = ₹4,700 | Net Disbursed = ₹40,300
Employees with a basic salary up to ₹15,000 per month are mandatorily covered; those above can opt out at the start of employment if not previously enrolled.
Employee contribution is 0.75% of gross wages; employer contribution is 3.25% of gross wages (for employees earning up to ₹21,000/mo).
Annual taxable salary is estimated after allowable exemptions, annual tax is computed, and divided by 12 equal monthly instalments.