HI,
I Want to give an increment to lower level staff in my company, his PF and ESIC is been deducted,if i increase the salary...the company will have a liability of more deduction in PF and ESIC.Can anyone please help me how can i keep the employee happy by his increment and the management happy b not increasing their liability..
From India, Delhi
I Want to give an increment to lower level staff in my company, his PF and ESIC is been deducted,if i increase the salary...the company will have a liability of more deduction in PF and ESIC.Can anyone please help me how can i keep the employee happy by his increment and the management happy b not increasing their liability..
From India, Delhi
Dear HR friend Increment is linked with wages/salary, hence u have to deduct ESI and PF. Any how the CTC will be increased. No other way Regards alphonse
From India, Madras
162From India, Madras
Instead of raising Basic wages, you can provide by means of allowances (any name). You can escape from PF but Not from ESI.
From India, Mumbai
From India, Mumbai
Dear friend,
PF has to be calculated on Basic, D.A. But ESI has to be deducted on gross salary except washing allowance or and travelling expenses actually incurred by the employee or and incentive given by once in a three months.
Dear Kunjal Desai,
u may follow this while offering increments 2 ur employee. Pls note that while offering increments by the way of allowances check that the basic, D.A. of ur employee is more than minimum wages.
Regards,
KIRAN KALE
From India, Kolhapur
PF has to be calculated on Basic, D.A. But ESI has to be deducted on gross salary except washing allowance or and travelling expenses actually incurred by the employee or and incentive given by once in a three months.
Dear Kunjal Desai,
u may follow this while offering increments 2 ur employee. Pls note that while offering increments by the way of allowances check that the basic, D.A. of ur employee is more than minimum wages.
Regards,
KIRAN KALE
From India, Kolhapur
Dear Friend,
P.F. & E.S.I. deduction is obligatory on the salary as per the statutory rules prescribed. You can do one thing only that just give voucher payment on monthly basis by naming Mobile Allowance/ Conveyance/ Petrol Allowance/ Subscription etc.
It will aside from obligation and cost to the company.
Thanks with regards,
SUNIL WAGH
HRD
From India, Thana
P.F. & E.S.I. deduction is obligatory on the salary as per the statutory rules prescribed. You can do one thing only that just give voucher payment on monthly basis by naming Mobile Allowance/ Conveyance/ Petrol Allowance/ Subscription etc.
It will aside from obligation and cost to the company.
Thanks with regards,
SUNIL WAGH
HRD
From India, Thana
Hi,
I Have joined in one new organization where in i have to prepare the salary sheet in excel format which is i am not much aware . Can any one help me to provide the salary sheet along with the PF,ESI,and other related things please.
my email ID
.
While sending please send me with formula.
From India, Mumbai
I Have joined in one new organization where in i have to prepare the salary sheet in excel format which is i am not much aware . Can any one help me to provide the salary sheet along with the PF,ESI,and other related things please.
my email ID
While sending please send me with formula.
From India, Mumbai
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