Dear Sir,
Can you please suggest me about the below queries?
1. Basic knowledge about PF, EPF & ESI.
2. Rates of the above (both Employee & Employer).
3. Basic rules and regulations (Maximum 5 or 6 important points).
4. About sales tax (both central & local).
Actually, I am a fresh accountant, and I have an interview today. So kindly help me and give me some knowledge about the above.
I am waiting for your reply.
Thanks,
Sambit
From India, Lucknow
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Can you please suggest me about the below queries?
1. Basic knowledge about PF, EPF & ESI.
2. Rates of the above (both Employee & Employer).
3. Basic rules and regulations (Maximum 5 or 6 important points).
4. About sales tax (both central & local).
Actually, I am a fresh accountant, and I have an interview today. So kindly help me and give me some knowledge about the above.
I am waiting for your reply.
Thanks,
Sambit
From India, Lucknow
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Hi Sambit,
ESI is contributed from both sides, by the Employee as well as the Employer. It is calculated based on the Gross salary per month, with a maximum ceiling of 10,000 Rs. per month. The contributions from both sides are as follows:
Employee Side - 1.75% of gross per month. So, if an employee's gross salary is 8,000 per month, the ESI contribution would be 8,000 * 1.75% = 140 Rupees.
Employer Side - 4.75% of gross per month. Therefore, the ESI contribution from the employer would be 8,000 * 4.75% = 380 Rupees.
Regards,
Amit Seth
From India, Ahmadabad
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508ESI is contributed from both sides, by the Employee as well as the Employer. It is calculated based on the Gross salary per month, with a maximum ceiling of 10,000 Rs. per month. The contributions from both sides are as follows:
Employee Side - 1.75% of gross per month. So, if an employee's gross salary is 8,000 per month, the ESI contribution would be 8,000 * 1.75% = 140 Rupees.
Employer Side - 4.75% of gross per month. Therefore, the ESI contribution from the employer would be 8,000 * 4.75% = 380 Rupees.
Regards,
Amit Seth
From India, Ahmadabad
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Hi Sambit, To know about PF and EPF, go through the link given below... Regards, Amit Seth.
From India, Ahmadabad
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From India, Ahmadabad
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Hi Mueen84,
You can get basic information on PF & ESI from a payroll angle at GreytipOnlineWiki: PF FAQs. Hope this helps.
Regards,
Girish
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You can get basic information on PF & ESI from a payroll angle at GreytipOnlineWiki: PF FAQs. Hope this helps.
Regards,
Girish
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Hello All,
I want to ask one question about EPF and ESI. Are there any alternatives or rules to avoid EPF and ESI in organizations with more than 20 employees? Please suggest something as soon as possible.
Waiting for a reply!
From India, Delhi
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I want to ask one question about EPF and ESI. Are there any alternatives or rules to avoid EPF and ESI in organizations with more than 20 employees? Please suggest something as soon as possible.
Waiting for a reply!
From India, Delhi
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Hi Sambit,
Since you are going for an interview, I believe the following information will be helpful. Fundamentally, the Provident Fund is a retirement benefit for employees, while ESI provides medical insurance facilities. Both schemes are social benefit schemes governed by central acts. The Government of India mandates that in the absence of a comprehensive social security system in India, employers must provide these benefits to employees subject to conditions.
Best of luck,
Vineet
eVetan.com
From India, Pune
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Since you are going for an interview, I believe the following information will be helpful. Fundamentally, the Provident Fund is a retirement benefit for employees, while ESI provides medical insurance facilities. Both schemes are social benefit schemes governed by central acts. The Government of India mandates that in the absence of a comprehensive social security system in India, employers must provide these benefits to employees subject to conditions.
Best of luck,
Vineet
eVetan.com
From India, Pune
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Calcu. pf Emp.eps.epf sample sheet for HR site..xls
PF & ESI.zip