Dear Sr, After completed the degree, we are taking as trainee for a period of 6 months. Whether PF is applicable for the period
From India, Tiruppur
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From India, Tiruppur
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Yes, PF and ESI will be applicable to trainees other than apprentices engaged as per the Apprentice Act 1961. In case the standing orders of the establishment provide for engaging trainees of a certain number for a certain period subject to a specific curriculum, then they can also be excluded from PF.
From India, Kannur
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4769From India, Kannur
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Dear Sir,
Our establishment is in Kozhikode. As per the Kerala Minimum Wages Act, please confirm if the following is correct.
Example Calculation:
Basic: 5655
Variable DA: 4115 (CPI - 323, above 130 @ 21.32 per point -- 323-130=193 * 21.32 = 4114.76 --> 4115)
Service Weightage: 735 (5655 * .13 = 735 --> 13 years of service - 1% per year)
Corporation allowance: 200
Total: 10705.00
Less: ESI Employee contribution @ 1.75% of 10705.00 = 187.00
Net Payable: 10518.00
(Note: Since the employee strength is less than 20, No PF to our firm)
a. What is the yearly increment to be given for the next year? Is there any minimum amount or percentage for yearly increment?
b. Is it compulsory to merge the DA with Basic after 1 year or so?
c. Are there any more deductions or additions on the above workings?
d. Bonus: If the full attendance is 10705 per annum - full 1 month salary or 9770 (only Basic + DA) - which is applicable?
e. Professional Tax as per Corporation Norms - we will deduct & remit on a half-yearly basis. Ours is a Pvt Ltd Company... Are there any other changes in the calculation above or any other applicable laws?
Please help me.
From India,
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Our establishment is in Kozhikode. As per the Kerala Minimum Wages Act, please confirm if the following is correct.
Example Calculation:
Basic: 5655
Variable DA: 4115 (CPI - 323, above 130 @ 21.32 per point -- 323-130=193 * 21.32 = 4114.76 --> 4115)
Service Weightage: 735 (5655 * .13 = 735 --> 13 years of service - 1% per year)
Corporation allowance: 200
Total: 10705.00
Less: ESI Employee contribution @ 1.75% of 10705.00 = 187.00
Net Payable: 10518.00
(Note: Since the employee strength is less than 20, No PF to our firm)
a. What is the yearly increment to be given for the next year? Is there any minimum amount or percentage for yearly increment?
b. Is it compulsory to merge the DA with Basic after 1 year or so?
c. Are there any more deductions or additions on the above workings?
d. Bonus: If the full attendance is 10705 per annum - full 1 month salary or 9770 (only Basic + DA) - which is applicable?
e. Professional Tax as per Corporation Norms - we will deduct & remit on a half-yearly basis. Ours is a Pvt Ltd Company... Are there any other changes in the calculation above or any other applicable laws?
Please help me.
From India,
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Since there is a provision in the minimum wages notification to pay a 1% increment, consider this as the increment rate for the coming years as well.
There is no merger of Basic with DA. Such a merger will only occur when a new series of CPI is adopted by the government to fix the DA, and this will only happen during the revision of minimum wage rates. The employer, in any case, has nothing to do with it. Therefore, until a new notification is made effective, the DA at the prescribed rate will continue to be paid.
Since your establishment is not under the EPF, there are no other deductions. However, there is a payment towards the Kerala Labour Welfare Fund to be made twice a year, payable every January and July 15th. The amount is Rs. 12 per employee per half-year, and of this, Rs. 4 can be deducted from the employee's salary.
Bonus will be based on the minimum wages.
UNQUOTE: Is it possible for you to hire a supervisor in Calicut and pay him only ten thousand rupees when I am unable to find a laborer for fifteen thousand rupees in Cochin!!!!
Madhu T K
From India, Kannur
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There is no merger of Basic with DA. Such a merger will only occur when a new series of CPI is adopted by the government to fix the DA, and this will only happen during the revision of minimum wage rates. The employer, in any case, has nothing to do with it. Therefore, until a new notification is made effective, the DA at the prescribed rate will continue to be paid.
Since your establishment is not under the EPF, there are no other deductions. However, there is a payment towards the Kerala Labour Welfare Fund to be made twice a year, payable every January and July 15th. The amount is Rs. 12 per employee per half-year, and of this, Rs. 4 can be deducted from the employee's salary.
Bonus will be based on the minimum wages.
UNQUOTE: Is it possible for you to hire a supervisor in Calicut and pay him only ten thousand rupees when I am unable to find a laborer for fifteen thousand rupees in Cochin!!!!
Madhu T K
From India, Kannur
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PF not applicable on CTC 18.3.2014.pdf