Hi, everyone, please help me. I have to deploy manpower in the central government, where I have to fulfill the below-mentioned requirements:
1. His daily wage is 617. That means 617*26 = 16042. All the calculations will be done on his gross salary i.e., 16042 because in central wages for those on a daily basis, there is no basic or DA. The calculation of PF or ESIC, etc., will be done on his total gross salary.
2. They require PF & EDLI at 13.36%, Bonus at 8.33%, Retrenchment at 4.82%, Leaves at 5.0%, and National Holiday at 1.0% of basic minimum wages for highly skilled manpower.
Can anyone please send me a salary structure according to the above-mentioned requirements?
From India, Lucknow
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1. His daily wage is 617. That means 617*26 = 16042. All the calculations will be done on his gross salary i.e., 16042 because in central wages for those on a daily basis, there is no basic or DA. The calculation of PF or ESIC, etc., will be done on his total gross salary.
2. They require PF & EDLI at 13.36%, Bonus at 8.33%, Retrenchment at 4.82%, Leaves at 5.0%, and National Holiday at 1.0% of basic minimum wages for highly skilled manpower.
Can anyone please send me a salary structure according to the above-mentioned requirements?
From India, Lucknow
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Dear Varnika Srivastave,
I used to deal with manpower sub-contractors for various plants / projects of our company all over India.
We usually pay as per Minimum Wages Act, as defined by the Appropriate Govt. However, in case of eligible employees we pay more than the MW Act. In order to determine overall costing of a plant/project I prepare a sheet of projected cost for the deployed manpower. This help us making project costing as well.
Pls find attached a format duly showing MW, some allowances, PF (employer 13% instead of 13.36%), ESI Deductions, Take Home Salary, CTC etc. In EPF you can Freeze PF Wages upto Rs. 15,000, and accordingly change the formula at respective place. Since we deploy through third party hence “Contractor Service Charge” also shown.
Also find attached another individual CTC Format.
You can modify the format/s as per your requirement.
Hope this will serve your purpose.
From India, Delhi
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238I used to deal with manpower sub-contractors for various plants / projects of our company all over India.
We usually pay as per Minimum Wages Act, as defined by the Appropriate Govt. However, in case of eligible employees we pay more than the MW Act. In order to determine overall costing of a plant/project I prepare a sheet of projected cost for the deployed manpower. This help us making project costing as well.
Pls find attached a format duly showing MW, some allowances, PF (employer 13% instead of 13.36%), ESI Deductions, Take Home Salary, CTC etc. In EPF you can Freeze PF Wages upto Rs. 15,000, and accordingly change the formula at respective place. Since we deploy through third party hence “Contractor Service Charge” also shown.
Also find attached another individual CTC Format.
You can modify the format/s as per your requirement.
Hope this will serve your purpose.
From India, Delhi
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THANKS FOR YOUR COOPERATION!!!!!!!!!!!!Thanks to Cite HR.....
From India, Lucknow
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From India, Lucknow
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