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Could friends clarify the position on PF deductions. Is it necessary or mandatory for a private enterprise engaging on FTE/FTA basis (i.e. for one/two years) superannuated employees, who have already withdrawn their pf accumulations with previous employer? If it is recoverable, whats the position of its deposit to RPFC contributions of personnel posted at customer project sites - can it be sent to the RPFC at the firm's HQ?
From India, New Delhi
Gratuity ceiling raised to Rs 10L Buzz Up Share

Twitter Delicious Myspace Digg Stumble Upon Facebook Fri, Mar 5 02:25 AM

The Cabinet on Thursday approved an amendment to the Gratuity Act to raise the ceiling from Rs 3.5 lakh to Rs 10 lakh. The Bill to amend the Act will now go to Parliament, a government official told FE.

Every salaried person, who has completed five years of government or private sector service, is eligible for half a month's salary as gratuity for every completed year of service. But the gratuity pay of those with higher salaries is now limited at Rs 3.5 lakh. The proposed amendment raises this to Rs 10 lakh. Every employer with more than ten salaried workers is mandated to provide gratuity to the eligible employees. Many companies, however, do not keep the gratuity liability adequately funded. That is, they make provisions for future payment, but do not set aside funds towards the future payment. Listed companies are expected to disclose their gratuity liability.

Meanwhile, the Cabinet Committee on Economic Affairs (CCEA) approved a proposal of India Infrastructure Development Fund Ltd (Mauritius) to raise contributions from international investors and invest in the India Infrastructure Development Fund. The proposal, earlier approved by the FIPB, will result in FDI exceeding Rs 750 crore.

The Cabinet approved the proposal of the shipping ministry to declare Andaman and Nicobar set of ports as major port and establish the Andaman and Nicobar Port Trust with its headquarters at Port Blair.

From India, Bangalore
Hi
Can you clarify the below :
PF is optional on and over Rs. 6500 ( Basic Salary)
Eg: If Basic sal of employee is 8100 ; PF deducted is 12% of employee contribution that is 972 /- . In the above will the employer contribution be 780 ( 12% of 6500) or 972 (12% of 8100).. Pls clarify.
Giri

From India, Bangalore
Dear Sanjay, Greetings for the day:) If i m not wrong then adm charges are 1.61 % Pls check
From India, New Delhi
Dear Mr. Giri, Greetings for the day :) It is on the employer whether he wants to contribute on whole basic or as per prescribed limit
From India, New Delhi
PF Contributions : 1. Employee 12% 2. Employer 12% PF is optional on and over Rs. 6500 ( Basic Salary) ESI Contributions: 1. Employee 1.75% 2. Employer 4.75 % ESI limit is Rs. 10000 gross Salary
From India, Pune
hey i hope this helps u Regards Richa
From India, Mangaluru

Attached Files
File Type: ppt EPF, EDLI, EPS Full.PPT (230.5 KB, 510 views)
File Type: ppt esic.ppt (183.0 KB, 347 views)
File Type: doc esi.doc (67.0 KB, 238 views)

Dear Mr, Kapil Dev yes we all are read about that but no one get the notification by govt. If you have it please disply it for all. Thanks & Regards Abhijit
From India, Mumbai
Dear Shiva,
As soon asan employee meets an accidents, An accident report(Form 16) is sent to the ESI local office by the employer. Without the accident report, the employee would not be able to collect his cash benefits from the ESIC.
Regards
Rajesh Singh

From India, Pune
Hi Heena I would be interested for the position but freelancer recruiter... Can contact on this number +91-9986638453
From India, Delhi

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