If you are in the HR Stream and working, it is imperative that you put in a little effort and read and understand the basic labour laws.
If you do this you will have a strong foundation in terms of subject knowledge.
Vasant Nair
From India, Mumbai
90If you do this you will have a strong foundation in terms of subject knowledge.
Vasant Nair
From India, Mumbai
Dear Arvind,
Pls go through that, hope this small information will help you alot.
1. Basic Salary – This component amount will be calculated as 50% on CTC. This % will vary from company to company . Minimum 30 % and Maximum 60%. It depends on company norms.
2. HRA – It will be 50% of basic in case of Metro Cities and 40% in case of Non Metro Cities. It is fixed.
3. Conveyance Allowance – Rs. 800 P.M is exempted (9600 P.A), above 800 is Taxable.
4. Medical Allowance – Rs. 1250 P.M (15000 P.A) is fixed and fully Taxable.
5. Special allowance – It is the balancing figure of CTC.
Regards
Jai~~
From India
Pls go through that, hope this small information will help you alot.
1. Basic Salary – This component amount will be calculated as 50% on CTC. This % will vary from company to company . Minimum 30 % and Maximum 60%. It depends on company norms.
2. HRA – It will be 50% of basic in case of Metro Cities and 40% in case of Non Metro Cities. It is fixed.
3. Conveyance Allowance – Rs. 800 P.M is exempted (9600 P.A), above 800 is Taxable.
4. Medical Allowance – Rs. 1250 P.M (15000 P.A) is fixed and fully Taxable.
5. Special allowance – It is the balancing figure of CTC.
Regards
Jai~~
From India
Hay,
The maximum
From India, Delhi
The maximum
Salary Rs.15000 /- limit to be cover under ESI
& above 15001 /- p.m. will not cover ESI
Employee: Esi Deduction is 1.75%
Employer: Esi is 4.75%
And Pf IS deducted at 12% and upto 6500/ is the limit, but still it can excess if employees wish to contribute more. But Normally it only 12%
& above 15001 /- p.m. will not cover ESI
Employee: Esi Deduction is 1.75%
Employer: Esi is 4.75%
And Pf IS deducted at 12% and upto 6500/ is the limit, but still it can excess if employees wish to contribute more. But Normally it only 12%
From India, Delhi
Dear
If a person's gross salary excluding his food allowance and any ex-gratia/incentive payment is more than Rs.15000/- per month (i.e., Rs.15001 & above) then the ESI is not applicable.
Food / tea / snacks provided to an employee will not form a part of his salary.
Food subsidy and peformance linked compensation is not wages under EPF Act.
Regional Provident Fund Commissioner, T.N. & Pondicherry
State Employees' Provident Fund Organisation vs. Wipro Ltd.
& Anr. 2009 LLR 816 ( Madras H.C.) ; 2009 LLR 416
With warm regards
S. Bhaskar
9099024667
From India, Kumbakonam
If a person's gross salary excluding his food allowance and any ex-gratia/incentive payment is more than Rs.15000/- per month (i.e., Rs.15001 & above) then the ESI is not applicable.
Food / tea / snacks provided to an employee will not form a part of his salary.
Food subsidy and peformance linked compensation is not wages under EPF Act.
Regional Provident Fund Commissioner, T.N. & Pondicherry
State Employees' Provident Fund Organisation vs. Wipro Ltd.
& Anr. 2009 LLR 816 ( Madras H.C.) ; 2009 LLR 416
With warm regards
S. Bhaskar
9099024667
From India, Kumbakonam
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NOTICE GO 4 ESI LIMIT 15000[1].pdf