Salary design for pvt. ltd firm - rules for compensation? - CiteHR
Maulik Dave
Hr Professional
Neha.bhatt1988
Hr Executive

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We are going to start a new business it is an Pvt. Ltd firm we got a staff of 10 people. kindly inform me what are the rules for compensation in pvt.ltd. firm for example pf, esi, bonus all those rules and a style of appointment letter
@ Neha.Bhatt1988,
Good Evening.....!!!!!
It will be hard to describe all the rules of PF, ESI, Bonus & other things. I believe that your company is coming under "shops and establishment act Uttar-pradesh 1962".
Following are the suggestions for your query.
1) PF : Not applicable in your case as number of employees are less then 20.
2) ESIC : Applicable on Gross Salary. 1.75% Employees contribution & 4.75% employees contribution.
3) Bonus : Not applicable in your case as number of employees are less then 20.
For Appointment letter you can find 100 of formats available on this site . Just type your query on the "What Do you need?" box.
Hope this will help. Revert if your require more information.
All the best

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