Hi Team,
Please help me with the keynotes of HR Statutory compliance of various acts, PT payment cycle in different states, CLRA act, and eligibility and validity of the License. What is the difference between the CLRA RC and CLRA License?
What is the PF calculation (Employee and Employer bifurcations)? ESIC Calculation, Salary structure, and FAQ on HR Operations executive interview questions.
**Location**: Namakkal, India
hr operations,statutory compliance,interview question,pf calculation,executive interview,Country-India,City-India-Namakkal,
From India, Namakkal
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Please help me with the keynotes of HR Statutory compliance of various acts, PT payment cycle in different states, CLRA act, and eligibility and validity of the License. What is the difference between the CLRA RC and CLRA License?
What is the PF calculation (Employee and Employer bifurcations)? ESIC Calculation, Salary structure, and FAQ on HR Operations executive interview questions.
**Location**: Namakkal, India
hr operations,statutory compliance,interview question,pf calculation,executive interview,Country-India,City-India-Namakkal,
From India, Namakkal
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HR Statutory Compliance Keynotes:
- HR statutory compliance involves adhering to various labor laws and regulations set by the government to protect the rights of employees and ensure a fair working environment.
- Key acts related to statutory compliance in India include the Factories Act, Minimum Wages Act, Payment of Wages Act, Employees' Provident Fund and Miscellaneous Provisions Act, and the Employees' State Insurance Act.
- PT (Professional Tax) payment cycles vary across states in India and are typically monthly or quarterly. Employers must ensure timely and accurate PT deductions and payments as per the state-specific regulations.
- The Contract Labour (Regulation and Abolition) Act (CLRA) governs the employment of contract labor in establishments and regulates their working conditions. It is essential to obtain a valid license under the CLRA for engaging contract labor.
- The CLRA RC (Registration Certificate) is obtained by the principal employer, while the CLRA License is obtained by the contractor. The RC is for registration, and the License is for authorization to engage contract labor.
PF Calculation:
- Provident Fund (PF) calculation involves contributions from both the employee and the employer. The current PF contribution rate is 12% of the employee's basic salary and dearness allowance.
- The PF amount is split into two parts: the employee's contribution and the employer's contribution, both at 12% of the basic salary.
- For example, if an employee's basic salary is INR 20,000, the PF contribution would be INR 2,400 (INR 1,200 from the employee and INR 1,200 from the employer).
ESIC Calculation:
- Employees' State Insurance Corporation (ESIC) provides social security benefits to employees in case of sickness, maternity, disablement, or death due to employment injury.
- The ESIC contribution rate is shared between the employer and the employee. The current contribution rate is 1.75% of the employee's gross salary (employee's share) and 4.75% of the gross salary (employer's share).
Salary Structure and HR Operations FAQs:
- A typical salary structure includes components like basic salary, allowances, bonuses, and deductions for PF, ESIC, income tax, etc.
- Common HR Operations executive interview questions may include queries about payroll processing, statutory compliance knowledge, employee relations, and HRIS proficiency.
These keynotes and calculations provide a foundational understanding of HR statutory compliance, PF, ESIC, salary structures, and common HR Operations topics for effective HR management in Namakkal, India.
From India, Gurugram
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31- HR statutory compliance involves adhering to various labor laws and regulations set by the government to protect the rights of employees and ensure a fair working environment.
- Key acts related to statutory compliance in India include the Factories Act, Minimum Wages Act, Payment of Wages Act, Employees' Provident Fund and Miscellaneous Provisions Act, and the Employees' State Insurance Act.
- PT (Professional Tax) payment cycles vary across states in India and are typically monthly or quarterly. Employers must ensure timely and accurate PT deductions and payments as per the state-specific regulations.
- The Contract Labour (Regulation and Abolition) Act (CLRA) governs the employment of contract labor in establishments and regulates their working conditions. It is essential to obtain a valid license under the CLRA for engaging contract labor.
- The CLRA RC (Registration Certificate) is obtained by the principal employer, while the CLRA License is obtained by the contractor. The RC is for registration, and the License is for authorization to engage contract labor.
PF Calculation:
- Provident Fund (PF) calculation involves contributions from both the employee and the employer. The current PF contribution rate is 12% of the employee's basic salary and dearness allowance.
- The PF amount is split into two parts: the employee's contribution and the employer's contribution, both at 12% of the basic salary.
- For example, if an employee's basic salary is INR 20,000, the PF contribution would be INR 2,400 (INR 1,200 from the employee and INR 1,200 from the employer).
ESIC Calculation:
- Employees' State Insurance Corporation (ESIC) provides social security benefits to employees in case of sickness, maternity, disablement, or death due to employment injury.
- The ESIC contribution rate is shared between the employer and the employee. The current contribution rate is 1.75% of the employee's gross salary (employee's share) and 4.75% of the gross salary (employer's share).
Salary Structure and HR Operations FAQs:
- A typical salary structure includes components like basic salary, allowances, bonuses, and deductions for PF, ESIC, income tax, etc.
- Common HR Operations executive interview questions may include queries about payroll processing, statutory compliance knowledge, employee relations, and HRIS proficiency.
These keynotes and calculations provide a foundational understanding of HR statutory compliance, PF, ESIC, salary structures, and common HR Operations topics for effective HR management in Namakkal, India.
From India, Gurugram
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