Dear Seniors,
I am working in the small organisation & I have no any experience & No any senior on me.Recently we strated pf & ESIC schemes for our workers.My query is that,
1)Monthly deductions are made in employees salary from both employee and employer contribution.means 24% deduction on monthly basic of employee?
2)Is any ESIC leaves are available for employees
3)After how many days employee can receive benefits of ESIC?
4)IS employee can get pension fund if he leave the organisation before completing 10 years?
5)Is Employer contributing to ESIC?
6)After how many days employee can withdraw pf from his A/C
please do the needful
Thanks & Regards,
Amol
From India, Mumbai
I am working in the small organisation & I have no any experience & No any senior on me.Recently we strated pf & ESIC schemes for our workers.My query is that,
1)Monthly deductions are made in employees salary from both employee and employer contribution.means 24% deduction on monthly basic of employee?
2)Is any ESIC leaves are available for employees
3)After how many days employee can receive benefits of ESIC?
4)IS employee can get pension fund if he leave the organisation before completing 10 years?
5)Is Employer contributing to ESIC?
6)After how many days employee can withdraw pf from his A/C
please do the needful
Thanks & Regards,
Amol
From India, Mumbai
Dear Amol,
You need to made monthly deduction from employees salary as mentioned below:
For ESI - 1.75% on Gross Wages till 15000/-after 15000/- employees are not eligible for ESI Scheme.
For P.F - 12% on Basic Wages
ESI Provide only sick leave.
Since his joining, employee are eligible for ESI benefits.
Pension fund only after 10 years by P.F. Yes employees can get the pension certificate for his eps a/c and can get the pension.
employer contribution to ESI @ 4.75%
Your point no. 6 is not clear.
Regards,
Kamesh
From India, Gurgaon
1You need to made monthly deduction from employees salary as mentioned below:
For ESI - 1.75% on Gross Wages till 15000/-after 15000/- employees are not eligible for ESI Scheme.
For P.F - 12% on Basic Wages
ESI Provide only sick leave.
Since his joining, employee are eligible for ESI benefits.
Pension fund only after 10 years by P.F. Yes employees can get the pension certificate for his eps a/c and can get the pension.
employer contribution to ESI @ 4.75%
Your point no. 6 is not clear.
Regards,
Kamesh
From India, Gurgaon
I think it is regarding withdrawal of PF accumulation. Any employee can withdraw his PF accumulation after a wait period of 2 months after leaving the job. Regards Shaukat Hussain
From India, Jaipur
From India, Jaipur
Dear, Kamesh & Hussain sir thanks for giving quick reply. my last query is that any employee can withdraw his pf at any stage without leaving organisation. Regards, Amol
From India, Mumbai
From India, Mumbai
During the service employee can withdraw his p.f(some part) after 7 years only. and for some special circumstances it’s 5 years. Regards, Kamesh
From India, Gurgaon
From India, Gurgaon
Dear Amol
Adding further to what other members have already said, please be aware that the employer's contribution either on P.F or ESIC shall not be deducted from the wages of the employee and only employee's contribution shall be deducted. Aprt from sick ness benefit, ESI also provides for medical bnefit , maternity benefit, disablement benefit etc.
B.saikumar
HR & Labour Law Advisor
Mumbai
09930532927
From India, Mumbai
Adding further to what other members have already said, please be aware that the employer's contribution either on P.F or ESIC shall not be deducted from the wages of the employee and only employee's contribution shall be deducted. Aprt from sick ness benefit, ESI also provides for medical bnefit , maternity benefit, disablement benefit etc.
B.saikumar
HR & Labour Law Advisor
Mumbai
09930532927
From India, Mumbai
Dear Amol
This regarding your last query:
Once an employee is covered under PF act he has to contribute during the whole service period. He can get advances from PF for Housing/childerens education/dependents marriage etc. but complete withdrawal is not allowed while remaining in same employment .He can withdraw full accumulation only if he resign or leave the current job. During the service Full PF can be withdrawn but it depends on your management, if they re-employ after resignation. Thus, a reasonable break in service is required.
Regards
Shaukat Hussain
From India, Jaipur
This regarding your last query:
Once an employee is covered under PF act he has to contribute during the whole service period. He can get advances from PF for Housing/childerens education/dependents marriage etc. but complete withdrawal is not allowed while remaining in same employment .He can withdraw full accumulation only if he resign or leave the current job. During the service Full PF can be withdrawn but it depends on your management, if they re-employ after resignation. Thus, a reasonable break in service is required.
Regards
Shaukat Hussain
From India, Jaipur
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PF query.doc
PF ESIC.xls