No Tags Found!


ramakrishnanmba
hi Friends
i now join a HR assistant in artifical buckeye Manufacturing factory. what are the responsibility of hr in this factory. if there any important limitation and responsibility in the HR. please tell me.
For Example
1. How to give a warning Notice of Late Comers
2. How to give a warning Notice for Unusual leave.
3. How to Calculate a EPF & ESI
Warm Regards
S. Rama Krishnan

From India, Madras
bhaktinarang_123
148

WARNING LETTER FOR ABSENCE

To

Mr.

Designation.

Sub. – Warning Letter

Mr.

It has been observed that you have proceeded on leave without prior permission of the concerned authorities, resulting in willful insubordination and gross negligence of duties, in your capacity as Designation.

Absenting yourself from duties without prior intimation is a misconduct for which you are making yourself liable for necessary action.

You are hereby warned to refrain from such activities; failure to do so shall invoke appropriate action.

You are further advised to submit a written explanation on your unauthorized leave as soon as you receive this letter or as soon as you resume duties.

Kindly treat this as very urgent.

For' Company Name

Name:

Designation:

Written Warning

Date:____________________________

Employee:_________________________________________ _____________

Issued By:_______________________________________________ _______

A written warning has been issued to you on the above date.

The reason for the warning is:

















If there are further incidents, we will impose further discipline up to and including dismissal.________________________________________ ________________________

Employee Signature _______________________________

Date _______________________

Supervisor Signature_______________________________

Date ____________________________

From India, Mumbai
bhaktinarang_123
148

Warning Letter
[Company Logo]
[Date]
[Company Name]
[Company Address]
To:
[Employee Name]
Employee number:
Department:
It is reported/alleged against you that, you _______________________ Emp. No ______ have justified having the following complaints levied against you:
1.
2.
3.
These acts as mentioned above constitute misconduct as per the certified Employee Handbook.
Therefore you are hereby required to give your written explanation as to why suitable action should not be taken against you for the said misconduct.
Your written explanation should reach us within 48 hrs of receipt of this notice.
Failing to reply will be understood as having no explanation to offer and accepting of all action deemed fit to be taken against you.
(The signatory)

From India, Mumbai
bhaktinarang_123
148

Major Salary Components

Money that is received under Employer-Employee relationship is called Salary . If one is freelancer or are hired by an organization on contract basis, their income would not be treated as salary income.( In such case your income would be treated as income from business and profession)

The salary consists of following parts

Basic Salary: As the name suggests, this forms the very basis of salary. This is the core of salary, and many other components may be calculated based on this amount. It usually depends on one’s grade within the company’s salary structure.It is a fixed part of one’s compensation structure. And the complete amount becomes a part of your in-hand salary.

Allowances: Apart from basic salary, there are some allowances your CTC will contain. Examples include HRA, conveyance allowance, leave travel allowance. Some of these allowances are tax free up to a certain limit and some of them are dependant on your actual spending. It is the amount received by an individual paid by his/her employer in addition to basic salary to meet some service requirements such as Dearness Allowance(DA), House Rent Allowance (HRA), Leave Travel Assistance(LTA) , Lunch Allowance, Conveyance Allowance , Children’s Education Allowance, City compensatory Allowance etc. Allowance can be fully taxable, partly or non taxable.

Claims or Perquisite: A part of your salary may also be made up of your billed claims. These include components like mobile allowance, medical allowance etc. There is a maximum limit set to these components and are paid when you submit your bills. These are usually tax free. It is any benefit or amenity granted or provided free of cost or at concessional rate such as Rent free unfurnished house, Rent free furnished house, Motor car facility, Reimbursement of Gas, Electricity & Water, Club facility, Domestic Servant Facility, Interest Subsidy on Loan , Reimbursement of medical bills, Reimbursement of Hospital bills, Reimbursement of telephone bills, Benefits derived by employee stock option, and so on.

How are perquisites taxed? Since these are non-cash components, they cannot be taxed directly. So the income tax laws attach a certain value to each of these components and charges a tax on them. The calculation of this value varies from category to category. Nevertheless, the thumb rule across all categories is that only those benefits that you use for personal purpose will be considered as perquisites.

Deductions: A major part of your CTC comprises compulsory deductibles. These include deductions for provident fund, medical insurance etc. They form a part of your compensation structure but you do not get them as part of your in-hand salary. As such, although it increases your CTC, it does not increment your net salary. Compulsory deduction such as Provident Fund, Income tax,Professional Tax (where applicable) . Optional deduction such as recovery for advance or loan if taken, voluntary contribution to P.F etc

Provident Fund Contribution: Provident fund contribution has two sides – the employer’s contribution and employee’s contribution. This is usually 12 per cent of the basic salary. However, this contribution is not paid out . It is directly deposited in Provident Fund(PF) account and paid to employee when he retires or resigns.There is also employee’s contribution to PF. This amount is deducted from his monthly salary and deposited in his PF account. For details on provident fund you can read Provident Fund (PF) and Voluntary Provident Fund (VPF)

Performance linked pay: Linking a part of the salary to productivity and performance has become a trend today. You get the complete amount only on 100% achievement of target, but it forms a part of your CTC, fattening it up.

Different types of salary:

Gross Salary: is the amount of salary paid after adding all benefits and allowances and before deducting any tax.

Net Salary: is what is left of your salary after deductions have been made.

Take Home Salary: Is usually the Net Salary unless there are some personal deductions like loan or bond re-payments.

Cost to Company: Companies use the term “Cost to Company” to calculate the total cost to to employ . i.e. all the costs associated with an employment contract. Major part of CTC comprises of compulsory deductibles. These include deductions for provident fund, medical insurance etc. They form a part of your compensation structure but you not get them as a part of in-hand salary. As such, although it increases your CTC, it does not increment your net salary.

Taxes: Taxes are an unavoidable evil and they eat up a large chunk of your salary. Taxes are obviously never mentioned in your offer letter. So, ensure that you calculate your tax liabilities with the new income in accordance with tax policies to figure out the amount you will receive in your pay cheque.

The Salary structure varies company to company based on their policies. Some of the common Pay heads used are

1) Basic – 35% – 50% of Gross

2) HRA – 40% of Basic for Non metro & 50% of basic for Metro(Delhi, Mumbai, Chennai or Kolkata)

3) Con – Max Rs. 800/ P M which is Max of Rs. 9600 P A

4) Medical Reim – Max Rs. 1250 / PM which can be max of Rs 15000 PA

5) Spl Allow – Balance of Gross will be provided as Spl Allow

Statutory

1) PF

Emp Contribution – 12% on Basic (can be subjective to 780, which is 12% of the min basic salary i.e. 6500)

Emp’r Contribution - ( EPS – 8.33% (subject to a ceiling of Rs. 541)

PF – Rest of the amount out of 12% (can be subjective to 780, which is 12% of the min basic salary i.e. 6500)

PF administration charges – 1.1%

EDLI – 0.5% (subject to a ceiling salary of Rs. 6500)

EDLI administration charges 0.01% “

2) ESI – Applicable to employees whose Gross Salary is less than or equal to Rs.15000

Emp Contribution – 1.75% on Grorss

Emp’r Contribution – 4.75% on Gross

PT – It Varies State to state

From India, Mumbai
kannanmv
256

Dear Ramakrishnan,
I would recommend that you subscribe to Labour Law Journal a monthly magazine that gives you host of information relating to HR profession. The various formats are also furnished which you can customise based on your needs.
M.V.Kannan

From India, Madras
Anonymous
thank you Friends
Your Ideas will be working in my management.
but now i have cleared this but i have doubt in annual return calculations
that is number of man-days worked during the year
men=1/1/2011 (39) Men=31/12/11(52)
Number of Man-days during the year is 11590(this will be calculated by Past HR) how will find this average of men they put average is (38) how i find this average(38)
Warm Regards
S. Rama Krishnan

From India, Madras
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.