New to Salary Procedures? Need Guidance on PF, ESIC, and PT Steps!

Hello Everyone,

This is Dakshesh Naik. I am new to the complete salary procedure in a company, including PF, ESIC, and PT. Can anyone guide me or provide me with some steps or formats? I would be grateful.

Regards,
Dakshesh Naik

Hi Dakshesh,

Here is the document attached - Registration Procedure for all acts.

If an employee has completed his 5 years of service in a company, he is now eligible for his gratuity payment. Can anyone please explain whether the company is responsible for paying the total amount or if it is paid by the government? What is the proper procedure to receive the gratuity amount? Please explain to me.

And Mr. Dakshesh Naik, I have enclosed a sample salary structure for you. I hope this will help you. Please feel free to contact me if you have any questions in your mind.

Hello sir,

I am really sorry for that, but I am new to this site and didn't know the actual procedure. Thanks a lot for explaining about gratuity and solving my confusion.

Complete knowledge of salary structure format in MBA institutes, i.e., calculation from the employer's side and employee's side. Give brief details on salary structure.

Gratuity Calculation

For gratuity eligibility criteria, employees who have served 5 years or more are eligible. If an employee has served 6 years, 7 months, and 15 days, it is calculated as 7 years for those whose basic salary is more than 3500.

ESI Eligibility

Only permanent employees are eligible for ESI. The deduction for ESI is 1.75% from the employee's side and 4.75% from the employer's side.