I am working as an HR Executive in an SSI unit for the past two years (this was my first job). Now, I want to change my job to learn new things in the HR field. However, whenever I go for an interview, I am unable to answer the questions or face the interview. This is because my previous experience was in an SSI unit where the situations were such that I was unable to learn any statutory work.
From India, Bangalore
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From India, Bangalore
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Firstly, you need to know more about PF, ESI, PT, LWF, and all. Most interviewers repeatedly ask about all these.
SALARY SPLIT UP (Percentage may depend 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 organization with 20 or more employees
- Employee Contribution 12%
- Employer Contribution 12%
- The scheme deducts 12% of the employee's basic salary, and 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 the same is delivered to his untimely death.
- If one's (Basic + DA) is more than 6500, in the sense it's optional... we should make PF for less than 6500.
- If one is more than 58 years old, there is no pension fund for the person.
For More Details Please Find The Attachment...
PT (Provisional Tax)
During a financial year (March 1st - August 31st, September 1st - Feb 28th), we need to make 2 payments (for 6 months).
For More Details Please Find The Attachment...
ESI (Employee's State Insurance)
- ESI Limit is 15000. If one's salary is more than 15000, there is no need to make ESI for the person.
- The employer has to contribute 4.75% of the salary.
- The employee has to contribute 1.75% of the salary.
LWF (Labor Welfare Fund)
- Applicable to any organization with 5 or more employees.
- Rs.20 from the employee & Rs. 20 from the employer as well.
- It's not applicable for Team leaders / Supervisors.
CTC - Cost to the Company
Working Hours - 8 hrs
Should not exceed 48 hrs/week.
From India
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21SALARY SPLIT UP (Percentage may depend 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 organization with 20 or more employees
- Employee Contribution 12%
- Employer Contribution 12%
- The scheme deducts 12% of the employee's basic salary, and 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 the same is delivered to his untimely death.
- If one's (Basic + DA) is more than 6500, in the sense it's optional... we should make PF for less than 6500.
- If one is more than 58 years old, there is no pension fund for the person.
For More Details Please Find The Attachment...
PT (Provisional Tax)
During a financial year (March 1st - August 31st, September 1st - Feb 28th), we need to make 2 payments (for 6 months).
For More Details Please Find The Attachment...
ESI (Employee's State Insurance)
- ESI Limit is 15000. If one's salary is more than 15000, there is no need to make ESI for the person.
- The employer has to contribute 4.75% of the salary.
- The employee has to contribute 1.75% of the salary.
LWF (Labor Welfare Fund)
- Applicable to any organization with 5 or more employees.
- Rs.20 from the employee & Rs. 20 from the employer as well.
- It's not applicable for Team leaders / Supervisors.
CTC - Cost to the Company
Working Hours - 8 hrs
Should not exceed 48 hrs/week.
From India
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