Startup - PF and ESI exemption reasons?

Nandinihb
Hi Team, I joined new company and its startup my previous HR did PF and ESI deduction mess up for some employees. She deducted PF and ESI for some and not for some. If i ask her she telling they are exempt may i know the reason? I want to stream line every thing can any one help me on this pleas its urgent.
Regards,
Nandini
rocky12
Dear nandini
Esic Slab 21000
Epfo Slab 15000
rg/Dinesh
7401116633
Nandinihb
Hi Dinsesh,
If basic+da less then 6500 they will also come under PF?
Please help me.
Regards,
Nandini
rocky12
Dear nandini,
As Per Act How Would U Pay B+da Below 6500 Go And Check The Labout Act
Rg/Dinesh
7401116633
rocky12
Dear Nandini,
Surely want to deduct
rg/Dinesh
7401116633
Nandinihb
Dear Dinesh,
I don't no about labour Act. Can you please explain me.
Regards,
Nandini
Srinath Sai Ram
Dear Nandini, if you really want to streamline everything, First you have to go through applicable Laws I.e PF & ESI in detail
maniish1311
Dear Nandini,
If basic plus DA of any employee is less than 15000 then you've to deduct pf for that employee.
PF deduction is 12% from employee's salary and 12% will be paid by employer.
For ESIC, if any employees gross salary is below 21000 than you've to deduct ESIC on that
ESIC deduction is 1.75% from employee's salary and 4.75% from employer's contribution.
PT slab will vary according to state, so please check slabs for your state.
This are the basic statutory compliances which needs to be deducted every month, apart from this, you also have to take care of TDS deduction if any employee comes under tax bracket.
Thanks,
Manish
Nandinihb
Dear Manish,
Thank you for the information but is PF optional for employees to opt or its mandatory to deduct?
Here they are showing employee resigned they withdrawing PF but still working how can i correct this? as per my knowledge its wrong.
Please advise me.
Regards,
Nandini
SGMC
Dear Nandini
An employee of the Company to whom both the following two conditions apply at the time of joining the services of the Company
1. He/she does not have any current PF balance at the time of joining a new employer
2. His/her salary (Basic + DA) is more than Rs.15,000/- in his/her new employment.
falls under the purview of Excluded Employee under the EPF & MP Act
P S Lakshmanan
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