1. What is a Salary Calculator With PF And ESI?

Definition: This calculator computes the net salary after deducting Provident Fund (PF) and Employee State Insurance (ESI) contributions from the gross salary.

Purpose: It helps employees and employers determine the take-home salary after statutory deductions.

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• Net Salary — Take-home pay after deductions
• Gross — Total salary before deductions
• PF — Provident Fund contribution
• ESI — Employee State Insurance contribution

Explanation: The calculator subtracts both PF and ESI contributions from the gross salary to arrive at the net amount.

3. Importance of Salary Calculation

Details: Accurate salary calculation ensures proper financial planning for employees and compliance with labor laws for employers.

4. Using the Calculator

Tips: Enter the gross salary amount and the respective PF and ESI contributions. All values must be ≥ 0.

5. Frequently Asked Questions (FAQ)

Q1: What is PF in salary?
A: Provident Fund is a retirement savings scheme where both employee and employer contribute a percentage of the salary.

Q2: What is ESI in salary?
A: Employee State Insurance is a social security scheme that provides medical and cash benefits to employees.

Q3: Are PF and ESI mandatory?
A: In many countries, these are mandatory deductions for employees meeting certain salary criteria.

Q4: How are PF and ESI amounts determined?
A: Typically calculated as a percentage of basic salary, with specific rules varying by country.

Q5: Does this include tax deductions?
A: No, this calculator only accounts for PF and ESI. Income tax would be an additional deduction.