I am working as a HR Executive in SSI unit from last two year (This is was my first job), but now i want to change my job to learn new things in HR Field but wherever i go for an interview i am not able to answer the questions or to face the interview. Because my previous experience was in a SSI unit where the situation are like that I am not able to learn any statutory work in that.
From India, Bangalore
From India, Bangalore
First u need t know more about PF,ESI,PT, LWF and all. Most of interviewers ask repeatedly about all these...
SALARY SPLIT UP (Percentage may depends upon company norms, Sometimes it may change)
- Basic - 60% of salary
- HRA (House Rent Allowance) - 15% " "
- CCA (Compensatory City Allowance) - 15% " "
- DA (Dearness Allowance) - 10% " "
PF (Provident Fund)
- It generally applies to any organisation with employees 20 or above
- Employee Contribution 12%
- Employer Contribution 12%
- The scheme deducts 12% of the employee's basic salary & the same amount is contributed from the employer's end also.
- Employer's (12% = 3.67+8.33) PF Amount divided into two i.e. Employer's PF Amount (3.67% Of basic salary) + (8.33% of Basic Salary).
- The employee gets a pension on his retirement or same is delivered to his untimely death.
- If one's (Basic+ DA ) is more than 6500 in the sense its an optional... we should make PF for less than 6500
- If one is more than 58 old means no pension fund for the person
Fore More Details Please Find The Attachment...
PT (Provisional Tax)
During in a financial year (March 1st - August 31st , September 1st - Feb 28th) we need to make 2 payments (for 6 months)
Fore More Details Please Find The Attachment...
ESI (Employee's State Insurance)
- ESI Limit is 15000 , Means if one's salary is more than 15000 in the sense no need to make ESI for the person
- Employer have to contribute 4.75% on salary
- Employee have to contribute 1.75% on salary
LWF (Labor Welfare Fund)
- Applicable to any organisation with employee strenth of 5 or more
- Rs.20 from employee & Rs. 20 from employer too
- It's not applicable for Team leade / Supervisor
CTC - Cost to the Company
Working Hrs - 8 hrs
Should not exceed 48 hrs/week
From India
SALARY SPLIT UP (Percentage may depends upon company norms, Sometimes it may change)
- Basic - 60% of salary
- HRA (House Rent Allowance) - 15% " "
- CCA (Compensatory City Allowance) - 15% " "
- DA (Dearness Allowance) - 10% " "
PF (Provident Fund)
- It generally applies to any organisation with employees 20 or above
- Employee Contribution 12%
- Employer Contribution 12%
- The scheme deducts 12% of the employee's basic salary & the same amount is contributed from the employer's end also.
- Employer's (12% = 3.67+8.33) PF Amount divided into two i.e. Employer's PF Amount (3.67% Of basic salary) + (8.33% of Basic Salary).
- The employee gets a pension on his retirement or same is delivered to his untimely death.
- If one's (Basic+ DA ) is more than 6500 in the sense its an optional... we should make PF for less than 6500
- If one is more than 58 old means no pension fund for the person
Fore More Details Please Find The Attachment...
PT (Provisional Tax)
During in a financial year (March 1st - August 31st , September 1st - Feb 28th) we need to make 2 payments (for 6 months)
Fore More Details Please Find The Attachment...
ESI (Employee's State Insurance)
- ESI Limit is 15000 , Means if one's salary is more than 15000 in the sense no need to make ESI for the person
- Employer have to contribute 4.75% on salary
- Employee have to contribute 1.75% on salary
LWF (Labor Welfare Fund)
- Applicable to any organisation with employee strenth of 5 or more
- Rs.20 from employee & Rs. 20 from employer too
- It's not applicable for Team leade / Supervisor
CTC - Cost to the Company
Working Hrs - 8 hrs
Should not exceed 48 hrs/week
From India
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