Regarding PF employer’s contrbution can be reflected in payslip.In employer contribution 8.33% goes to pension. Regarding gratuity i,m not sure about it. Can any one help on this friends.!
From India, Madras
From India, Madras
Thanks for your useful information.
Regarding this EDLI i have a small doubt, should all employees come under EDLI. If they come come under EDLI shouldn't they contribute? Please clear me on this.
From India, Madras
Regarding this EDLI i have a small doubt, should all employees come under EDLI. If they come come under EDLI shouldn't they contribute? Please clear me on this.
From India, Madras
Hey Arun, Jst click on the EDLI link u’ll get the whole details.. It’ll give u more clarity on it.
From India, Pune
26From India, Pune
Vivek
Thanks for your kind correction. I did not mention about that. Actually there is a scheme in Employee Provident Fund Organisation here after called as EPFO, called VPF ie Voluntary Provident Fund. In this Employee can contribute more than 12% of his maximum as contribution. Regarding employer max 12% in the limit.
Any more corrections regarding this please feel free to have your valuable corrections friends.
Bye.
From India, Madras
Thanks for your kind correction. I did not mention about that. Actually there is a scheme in Employee Provident Fund Organisation here after called as EPFO, called VPF ie Voluntary Provident Fund. In this Employee can contribute more than 12% of his maximum as contribution. Regarding employer max 12% in the limit.
Any more corrections regarding this please feel free to have your valuable corrections friends.
Bye.
From India, Madras
Hi neetu, could you please state clearly what your problem is? Have you been in notice period or what?
From India, Madras
From India, Madras
Salary deductions consists of, Provident Fund Professional Tax Income Tax Transportation (if Provided) Salary Advance (If Taken) Any one have more ideas please Kindly let know. Thank you
From India, Madras
From India, Madras
Dear friends, Ihave attached another MNC payslip in next post. Please all have a look at that also and give your valuable comments.
From India, Madras
From India, Madras
Hi
According to my Knowledge,the following is the PF Calculation:
Employee Contribution: 12% on Basic+DA
Employer Contribution: 12%
Employer Contribution:
8.33% (Pension)
3.67% (PF)
Total PF:(15.67%)
Employee Contribution for PF: 12%
Employer Contribution for PF: 3.67%
Other Charges:(1.61%)
Admin Charges: 1.10% on Gross
PF Charges: 0.01% on Gross
EDLIS: 0.5% on Gross
With Regards
Rupa
From India, Hyderabad
According to my Knowledge,the following is the PF Calculation:
Employee Contribution: 12% on Basic+DA
Employer Contribution: 12%
Employer Contribution:
8.33% (Pension)
3.67% (PF)
Total PF:(15.67%)
Employee Contribution for PF: 12%
Employer Contribution for PF: 3.67%
Other Charges:(1.61%)
Admin Charges: 1.10% on Gross
PF Charges: 0.01% on Gross
EDLIS: 0.5% on Gross
With Regards
Rupa
From India, Hyderabad
thank you rupa for the information. I have also mentioned the same explanation when the thread was started. What about EDLI and PT. Should all employees get deducted by professional tax and EDLI. please anyone clear this ques? Expecting your answers at the earliest.!!!
Thankx in advance!
From India, Madras
Thankx in advance!
From India, Madras
Superannnuation Pension
Superannuation pension is granted to employee who is retired on his attaining the age of compulsory retirement. The age of compulsory retirement for all employees was 55 years before 1.12.1962. Class-IV employees superannuated at the age of 60 years. With effect from 1.12.1962 the superannuation age of Group 'A', Group 'B', and Group 'C' was raised from 55 years to 58 years. The age of superannuation in respect of all employees is 60 years w.e.f. 13.05.1998.
Retiring Pension
Retiring pension consists of various cases as mentioned below.
The appropriate authority shall have absolute right to retire employee in the public interest after he has attained the age of 50 years by giving him notice of not less than 3months or three months pay & allowances in lieu of such notice, if he is, in Group 'A' or Group 'B' service or post and had entered Govt. service before attaining the age of 35 years and in any other case after he has attained the age of 55 years.
if any one has more valid info please provide.
Thanks in advance.
From India, Madras
Superannuation pension is granted to employee who is retired on his attaining the age of compulsory retirement. The age of compulsory retirement for all employees was 55 years before 1.12.1962. Class-IV employees superannuated at the age of 60 years. With effect from 1.12.1962 the superannuation age of Group 'A', Group 'B', and Group 'C' was raised from 55 years to 58 years. The age of superannuation in respect of all employees is 60 years w.e.f. 13.05.1998.
Retiring Pension
Retiring pension consists of various cases as mentioned below.
- Retiring Pension (age based)
- Retiring pension(service based)
- Voluntary retirement (20 years of service)
- Retirement on being declared surplus
- Premature Retirement (Age Based):
The appropriate authority shall have absolute right to retire employee in the public interest after he has attained the age of 50 years by giving him notice of not less than 3months or three months pay & allowances in lieu of such notice, if he is, in Group 'A' or Group 'B' service or post and had entered Govt. service before attaining the age of 35 years and in any other case after he has attained the age of 55 years.
if any one has more valid info please provide.
Thanks in advance.
From India, Madras
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