Regarding salary deductions for a software company... do we have to follow any rules in pension schemes. if yes then please any one let know about that?
How should be the income tax deducted. Has the employer have to do it for the employee in his salary break up?
Help friends!!
Thanks in advance...!
From India, Madras
How should be the income tax deducted. Has the employer have to do it for the employee in his salary break up?
Help friends!!
Thanks in advance...!
From India, Madras
Hi Arun,
Our is just 6 months old company and main players are joined in this company and am heading the department HR & Admin.
Since we have already 10, applied for PF code and got the same. Now I am working on to get the ESI code for our company.
We are into manufactuirng composite structural core materials and monopoly in the market and supplying our products to wind sectors.
We are in Irungattukottai SIPCOT Industrial Park, deep backside of Hyundai Motors. I think we are also one of the companies there in the park not supplying to Hyundai. Most of the companies are Hyundai suppliers there. Hence I am finding it difficult to interact with the HR guys there in the park.
How about you? where are you? share your details too.
Stay in touch - MAHA
From India, Mumbai
1Our is just 6 months old company and main players are joined in this company and am heading the department HR & Admin.
Since we have already 10, applied for PF code and got the same. Now I am working on to get the ESI code for our company.
We are into manufactuirng composite structural core materials and monopoly in the market and supplying our products to wind sectors.
We are in Irungattukottai SIPCOT Industrial Park, deep backside of Hyundai Motors. I think we are also one of the companies there in the park not supplying to Hyundai. Most of the companies are Hyundai suppliers there. Hence I am finding it difficult to interact with the HR guys there in the park.
How about you? where are you? share your details too.
Stay in touch - MAHA
From India, Mumbai
Hi arun
Thanks for the information given by you.could you plz provide the information regarding the employer contribution and employee contribution towards the PF( i mean in % or in figures).
Thanks in Advance.
From India, Hyderabad
Thanks for the information given by you.could you plz provide the information regarding the employer contribution and employee contribution towards the PF( i mean in % or in figures).
Thanks in Advance.
From India, Hyderabad
:cool:Dear Maha,
there are lots of Rules in PF. PF is not only deduct the amount 12% from the both side. and ESI is not only deduct 4.75, 1.75%. You have to take care all the accounts into consideration before deducting these amount.
If you need this You can mail me at
09438044166.
Regards
Sangram Baral
From India, Bhubaneswar
there are lots of Rules in PF. PF is not only deduct the amount 12% from the both side. and ESI is not only deduct 4.75, 1.75%. You have to take care all the accounts into consideration before deducting these amount.
If you need this You can mail me at
09438044166.
Regards
Sangram Baral
From India, Bhubaneswar
Dear All,
I am an MD doctor in Ayurveda. I have a good clinical experience. I am pursuing PGDBA from Symbiosis distance learning with specialization in HR. Kindly let me know the areas and sectors where I can utilize both of my qualifications.
looking forward to your response.
regards,
Dr. Vijay Seth
I am an MD doctor in Ayurveda. I have a good clinical experience. I am pursuing PGDBA from Symbiosis distance learning with specialization in HR. Kindly let me know the areas and sectors where I can utilize both of my qualifications.
looking forward to your response.
regards,
Dr. Vijay Seth
Hi Suji..
Both emlpoyer and employee contribution are 12% each.
From employer contribution of 12% 8.33% goes for pension plans.
If employee wants to voluntarily contribute more than 12% he can do that using VPF i.e Voluntary provident fund scheme. Employer can even contribute 100% of his income to PF.
For employer it is enough to contribute max 12%
Hope this information helps.
Anymore queries suji.
From India, Madras
Both emlpoyer and employee contribution are 12% each.
From employer contribution of 12% 8.33% goes for pension plans.
If employee wants to voluntarily contribute more than 12% he can do that using VPF i.e Voluntary provident fund scheme. Employer can even contribute 100% of his income to PF.
For employer it is enough to contribute max 12%
Hope this information helps.
Anymore queries suji.
From India, Madras
Stalin...
Rs 6500/- pm is the upper limit. Upto 6500 pm pf is mandatory however above 6500 pm.. its optional.!!
Cheers.
From India, New Delhi
Rs 6500/- pm is the upper limit. Upto 6500 pm pf is mandatory however above 6500 pm.. its optional.!!
Cheers.
From India, New Delhi
Hi Arun
Jus saw ur reply to Sonam regarding payslip structure.
Your details with relate to pay details was really helpful . But a small correction to this. If an employees basic + DA pay is less than or equal to Rs.6500, then PF is must. Or else it is voluntary. Hope i am correct as i have just dealt with PF for my office.
Rgds
Nithya
From India, Madras
Jus saw ur reply to Sonam regarding payslip structure.
Your details with relate to pay details was really helpful . But a small correction to this. If an employees basic + DA pay is less than or equal to Rs.6500, then PF is must. Or else it is voluntary. Hope i am correct as i have just dealt with PF for my office.
Rgds
Nithya
From India, Madras
Hi Nithya...
Thank you for this information. It was really helpful. Im also new to this salary break up and PF formalities. Could you explain about what are the forms to be submitted regarding opening of PF registration number to my office. Im in a software company in chennai working as a HR-Manager.
In previous post bheshaz said that pf is mandatory till 6500. then it is optional. is it so nithya. clear me on this too.
Thankx in advance
From India, Madras
Thank you for this information. It was really helpful. Im also new to this salary break up and PF formalities. Could you explain about what are the forms to be submitted regarding opening of PF registration number to my office. Im in a software company in chennai working as a HR-Manager.
In previous post bheshaz said that pf is mandatory till 6500. then it is optional. is it so nithya. clear me on this too.
Thankx in advance
From India, Madras
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