siba

"Greetings Mahfooz-ur-Rahman, I would suggest that there is no need to formulate a bonus policy because the policy is framed by the employer. However, in the case of bonuses, you have to adhere to the bonus rules as per The Payment of Bonus Act. For example, the amount of bonus to be distributed is calculate" ... (more)

"Greetings Anajana, The number of leaves purely depends on the company; however, the minimum leave as per the Factories Act will be one leave for every 20 working days of the previous calendar year. Thanks" ... (more)

"Greetings All, As per the Workmen’s Compensation Act, the employer is responsible for compensation as the intention of the employee was towards his workplace. Regards," ... (more)

"Greetings Pragya, Please find the LTA policy. You can change it according to your organization. However, the LTA calculation and tax exemptions will remain the same as defined in the above link. Thanks, Siba Sankar Mishra Assistant Manager-HR mishrasiba1982@gmail.com" ... (more)

"Greetings Pragya, Please find the LTA policy. You can change it according to your organization. However, the LTA calculation and tax exemptions will remain the same as defined in the above link. Thanks" ... (more)

"Greetings Pragya Yadav, Below is a link that might help you: https://www.citehr.com/131668-lta-policy-allowance.html#axzz14rY92EVI" ... (more)

"Greetings Pragya Yadav, Below link might help you. (https://www.citehr.com/131668-lta-policy-allowance.html#axzz14rY92EVI)" ... (more)

"Hi, Assurance Benefit: The benefit provided under the Employees' Deposit Linked Insurance Scheme is called Assurance Benefit. In the event of the member’s death while in service, the nominee or any other person entitled to receive the Provident Fund benefits will, in addition to the Provident Fund" ... (more)

"Hi Sunil Choudhary, Please find the attachment." ... (more)

"Hi Savi_yogita12, Please find the MIS report format." ... (more)

"Hi Promod, The minimum wage you’ve given is the old one. Please provide the new one as minimum wages are revised every six months. PF will be calculated on the whole minimum wage." ... (more)

"Greetings Amit, You can include a bonus (8.33%) of basic in your CTC while recruiting. This is the common method used by most organizations. If you refer to the Bonus Act, 1965, the bonus percentage will be calculated through the set-on and set-off method. Please go through the Payment of Bonus Act fo" ... (more)

"Please find the attachment for your reference. Thanks." ... (more)

"Greetings Soomanighosh, Following are exempted from tax: - Child Education Allowance (up to Rs. 100 per child, maximum of 2 children) - Child Hostel Allowance (up to Rs. 300 per child, maximum of 2 children) - HRA exemption = minimum of 40% (50% for metros) of Basic+DA or HRA or rent paid - 10% of Basic+D" ... (more)

"Hi myadav64, Employers cannot engage laborers who operate machinery directly. They can only assist the machine operator." ... (more)