New to HR? Seeking Guidance on ESI, Payroll, Performance Evaluation, and More

Dear Friends,

I am a complete novice or a starter in the field of Human Resources. The only thing I am good at presently is recruitment. I would surely expect from the CiteHR community to help me with this; I would really appreciate all your responses.

Regards,
Vishal

Please help me with the questions below:

Question:
- If someone could help me understand what ESI and PF mean and how they are calculated?
- What is payrolling? How is it done?
- What is performance evaluation? How is it carried out?
- What are MIS reports with respect to Human Resources? How is it done? What are the types of MIS reports?
- What are labor laws? Where can I learn and understand them?

My questions are as above; please help me increase my knowledge if possible. This is the only source through which I would be able to learn better through HR experts/seniors.

Hi Vishal,

PROVIDENT FUND -

1. PF Challan –

(a) A/c No. 1 – 12 % of total Wages (Employee) & 3.67 % of total wages (Employer)
(b) A/c No. 2 – Administrative Charges on wages i.e. 1.1 %
(c) A/c No.10 – Pension Contribution from Employer i.e. 8.33 %
(d) A/c No.21 – EDLI Charges on wages i.e. 0.5 %
(e) A/c No.22 – Admin Charges on EDLI i.e. 0.01%

2. If monthly wages (Basic + DA) is more than Rs. 6500/- then Pension contribution (Employer) would be 8.33% of Rs.6500/-. Rest amount would be paid in PF A/c No.1.

Example –

Total Wages (Rs.) PF Contribution of Employee PF Contribution of Employer Remarks
A/c No.1 (3.67%) A/c No.10 (8.33%) Pension A/c
6271 753 231 522
34356 4123 3582 (4123-541) 541 (paid on Rs.6500/-)

3. Return Dates – PF Challan date – 15th every month
PF Return date – 21st every month (12 A – R)
PF Yearly Return date – 31st March (Form 6A & 3A – R)

4. PF Calculation – 12% (Basic + DA)


ESIC –

1. Eligibility for ESIC – Gross Salary of Member up to Rs.10000/-
2. Contribution – Member (1.75% of gross)
Employer (4.75% of gross)
3. Half yearly returns – Oct to March
April to Sept.
4. Challan Date – 21st of every month

& also find attachment as forms which use in EPFO & ESIC

hope something is clear now,

There some PPT attached please look at them they will answer your questions in a better manner, if you want to ask anything please feel free to ask