We are going to start a new business. It is a Pvt. Ltd firm, and we have a staff of 10 people. Kindly inform me about the rules for compensation in a Pvt. Ltd. firm, for example, PF, ESI, bonus, and all those rules. Also, I would like to know the style of an appointment letter.
From India, Jalalpur
Acknowledge(0)
Amend(0)
1From India, Jalalpur
Acknowledge(0)Amend(0)
@Neha.Bhatt1988,
Good Evening.....!!!!!
It will be hard to describe all the rules of PF, ESI, Bonus & other things. I believe that your company is coming under the "Shops and Establishment Act Uttar Pradesh 1962".
Following are the suggestions for your query:
1) PF: Not applicable in your case as the number of employees is less than 20.
2) ESIC: Applicable on Gross Salary. 1.75% Employees' contribution & 4.75% employees' contribution.
3) Bonus: Not applicable in your case as the number of employees is less than 20.
For the Appointment letter, you can find 100s of formats available on this site. Just type your query in the "What Do you need?" box.
Hope this will help. Revert if you require more information.
All the best.
From India, Ahmedabad
Acknowledge(0)Amend(0)
Good Evening.....!!!!!
It will be hard to describe all the rules of PF, ESI, Bonus & other things. I believe that your company is coming under the "Shops and Establishment Act Uttar Pradesh 1962".
Following are the suggestions for your query:
1) PF: Not applicable in your case as the number of employees is less than 20.
2) ESIC: Applicable on Gross Salary. 1.75% Employees' contribution & 4.75% employees' contribution.
3) Bonus: Not applicable in your case as the number of employees is less than 20.
For the Appointment letter, you can find 100s of formats available on this site. Just type your query in the "What Do you need?" box.
Hope this will help. Revert if you require more information.
All the best.
From India, Ahmedabad
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
Salary-Note.doc
SALARY SHEET CALCULATION.xls