Hi Prafull,
i am looking for HR position. I have one year experience as HR Generalist and 3 yrs experience as account assistant. If you find any vacancy please let me know. I am residing at Pune.
Regards
aarti
From India, Mumbai
1i am looking for HR position. I have one year experience as HR Generalist and 3 yrs experience as account assistant. If you find any vacancy please let me know. I am residing at Pune.
Regards
aarti
From India, Mumbai
hey professionals plz help me
Im new HR person in my company, my company is manufacturing company. And my sir told me find out what are the benefits of salary structure for employee and for employer also??
From India, Pune
Im new HR person in my company, my company is manufacturing company. And my sir told me find out what are the benefits of salary structure for employee and for employer also??
From India, Pune
Dear Aarti,
You need to be clear on the question first , There is no importanse of 15000/-gross in EPF. PF is based on basic not gross. PF wage celing is 6500/- basic, means 780/- after that employer can get exemption from PF department.
15000/- is the wage celing of ESI.
Khan Feeroze Shams
HRD
+91-9910911621
From India, Delhi
You need to be clear on the question first , There is no importanse of 15000/-gross in EPF. PF is based on basic not gross. PF wage celing is 6500/- basic, means 780/- after that employer can get exemption from PF department.
15000/- is the wage celing of ESI.
Khan Feeroze Shams
HRD
+91-9910911621
From India, Delhi
U. R right prafull hey i want to ask u could i get job in pune as i hv 7 yr. Of exp in same field nw i m in delhi n i want to relocate to mumbai or pune ashish delhi 7838606486
From India, New Delhi
From India, New Delhi
Praful,
In my last company where i was working PF & ESIC used to be deducted every month but the company was not registered under PF & ESIC and they never opened PF account of any employee. I know this since i was working in HR dept. When any employee used to ask for PF account number my manager was always asking me to give the answer that it is in process. But it never happened. Now the company has got shut down.
What can we do to get the amount that was deducted from our salary..
plz suggest
aarti
From India, Mumbai
In my last company where i was working PF & ESIC used to be deducted every month but the company was not registered under PF & ESIC and they never opened PF account of any employee. I know this since i was working in HR dept. When any employee used to ask for PF account number my manager was always asking me to give the answer that it is in process. But it never happened. Now the company has got shut down.
What can we do to get the amount that was deducted from our salary..
plz suggest
aarti
From India, Mumbai
hello my name is gaurav and i want know
i entered my salary in book 12000/- per month
and my employe er have no problem for deduct pf on full amt
pls tellme how i deduct pf on 12000/- and how i deposit
From India, Mumbai
i entered my salary in book 12000/- per month
and my employe er have no problem for deduct pf on full amt
pls tellme how i deduct pf on 12000/- and how i deposit
From India, Mumbai
Dear Aarti,
PF deduction criteria 1) The employer's staff strength should be above 20 nos. 2) For such companies PF deduction is compulsory.
3) PF is deducted on basic+DA. 4) Employer's liability is limited to only 12 per cent of Rs. 6500/-. 5) Even if the basic+da is above 6500/- employees pf can be deducted at the total amount. They can opt for deduction up to 20 per cent of their basic+d a, even if the total amount is above Rs. 6500/-.
Your assumption that employees whose basic+d a is more than 6,500/- are exempted from PF deduction is not correct.
Regards
T S A Padmanabhan
From India, Delhi
PF deduction criteria 1) The employer's staff strength should be above 20 nos. 2) For such companies PF deduction is compulsory.
3) PF is deducted on basic+DA. 4) Employer's liability is limited to only 12 per cent of Rs. 6500/-. 5) Even if the basic+da is above 6500/- employees pf can be deducted at the total amount. They can opt for deduction up to 20 per cent of their basic+d a, even if the total amount is above Rs. 6500/-.
Your assumption that employees whose basic+d a is more than 6,500/- are exempted from PF deduction is not correct.
Regards
T S A Padmanabhan
From India, Delhi
Dear Aarti,
The PF ceiling is of Rs. 6500/- but, if you deduct PF from first day of the job on Rs 6500/- then it can be continued.
But if you deduct pf on 15000/- salary then you have to continue to deduct pf on 15000/-.
For pension scheme you may split salary of Rs 6500/- as pensionable salary and rest to contribute to PF.
regards,
Brijesh
From India, Mumbai
The PF ceiling is of Rs. 6500/- but, if you deduct PF from first day of the job on Rs 6500/- then it can be continued.
But if you deduct pf on 15000/- salary then you have to continue to deduct pf on 15000/-.
For pension scheme you may split salary of Rs 6500/- as pensionable salary and rest to contribute to PF.
regards,
Brijesh
From India, Mumbai
Dear Aaeti,
In line with topic Please not fallowing rules while calculation the Providet Fund calculations.
Biasc +D.A / VDA /Special Allowance if it exceeds Rs.6500/- it depends on the management part wether to pay the higher employers contribution or not but at the same time it binding on the employeer to pay the eployers contribution up to to or within the limit.
If we consider that Mr. X is your employee and drawing Basic Salary of Rs.10000/- P.M
In case of sealing the Salary for calculation is considered Rs.6500/- and employees contribution is 12% and Employer 12% except Admin Charges.
Employee contribution of 12% will directly goes to Employee Provident Fund and Employers contribution among the 12%, 3.67% will go to Provident Fund and 8.33% will go to Employee Penssion Scheme.
If employer are will to contribute on actuals without considering the sealing then.
Basic + D.A is 10000/-
Employee contribution of Rs.1200/- i.e.@12% on Basic +D.A will go to Provident Fund and Employer`s Contribution 9459 will go to provident fund and Rs.541 will go to EPS because Employee Pension scheme have limit of contibution maximum 541 and the remained balance will got employee provident fund.
Still if you have any query please feel free to ask.
As team we can do it.
___________________
Nilesh Kumar Harge
From India, Pune
In line with topic Please not fallowing rules while calculation the Providet Fund calculations.
Biasc +D.A / VDA /Special Allowance if it exceeds Rs.6500/- it depends on the management part wether to pay the higher employers contribution or not but at the same time it binding on the employeer to pay the eployers contribution up to to or within the limit.
If we consider that Mr. X is your employee and drawing Basic Salary of Rs.10000/- P.M
In case of sealing the Salary for calculation is considered Rs.6500/- and employees contribution is 12% and Employer 12% except Admin Charges.
Employee contribution of 12% will directly goes to Employee Provident Fund and Employers contribution among the 12%, 3.67% will go to Provident Fund and 8.33% will go to Employee Penssion Scheme.
If employer are will to contribute on actuals without considering the sealing then.
Basic + D.A is 10000/-
Employee contribution of Rs.1200/- i.e.@12% on Basic +D.A will go to Provident Fund and Employer`s Contribution 9459 will go to provident fund and Rs.541 will go to EPS because Employee Pension scheme have limit of contibution maximum 541 and the remained balance will got employee provident fund.
Still if you have any query please feel free to ask.
As team we can do it.
___________________
Nilesh Kumar Harge
From India, Pune
Dear Aarti,
In respect of establishments employing 20 or more persons and engaged in industry notified under Section 6 of Act ( other than the Establishments. declared as sick ) 12% of the basic pay DA , Cash value of food concession and retaining allowance , if any, subject to a maximum of Rs.6500/- per month.
It's binding on employer that he has to contribute the PF for basic Rs 6500 irrespective of the higher basic than Rs 6500. PF contribution on excess basic may 0r may not be contributed to PF account based on employer's policy in this regards.
I hope this will help you to have idea about the scheme. Even then you can visit epfindia website for further more info or mail to me.
With regards,
Abhijit Shete.
From India, Hyderabad
In respect of establishments employing 20 or more persons and engaged in industry notified under Section 6 of Act ( other than the Establishments. declared as sick ) 12% of the basic pay DA , Cash value of food concession and retaining allowance , if any, subject to a maximum of Rs.6500/- per month.
It's binding on employer that he has to contribute the PF for basic Rs 6500 irrespective of the higher basic than Rs 6500. PF contribution on excess basic may 0r may not be contributed to PF account based on employer's policy in this regards.
I hope this will help you to have idea about the scheme. Even then you can visit epfindia website for further more info or mail to me.
With regards,
Abhijit Shete.
From India, Hyderabad
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