i m working in a co as a HR Exc.we have got PF/ESI consultants who are working with us on contract basis.please let me know in steps the process involved with deducting PF/ESI
From India, Calcutta
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From India, Calcutta
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Hi,
PF is deducted at 12% of the basic salary from both the employee and the employer. Out of this 12% of the employer's contribution, 8.33% goes to the pension fund, whereas the remaining 3.67% is deposited into the PF fund only. Additionally, the employer is required to pay some administrative charges as well.
Regards,
Amit Seth.
From India, Ahmadabad
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508PF is deducted at 12% of the basic salary from both the employee and the employer. Out of this 12% of the employer's contribution, 8.33% goes to the pension fund, whereas the remaining 3.67% is deposited into the PF fund only. Additionally, the employer is required to pay some administrative charges as well.
Regards,
Amit Seth.
From India, Ahmadabad
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Thanx Amit , you have explained PF in a very simple manner, and it is good and easy to understand for new HR professional , Regards Mustafa
From India, Mumbai
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From India, Mumbai
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You have to deposite PF Challan on or before 15th of every month and ESIC challan on or before 21st of every month. Pallavi :D
From India, Mumbai
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From India, Mumbai
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Hello,
This is to inform you that the PF office submission copy has to be kept with you, and there is a three-month time frame for it. Even if you are on a contract basis, you are eligible.
Thank you for further queries at
. We welcome advice and suggestions.
From India, Bangalore
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This is to inform you that the PF office submission copy has to be kept with you, and there is a three-month time frame for it. Even if you are on a contract basis, you are eligible.
Thank you for further queries at
From India, Bangalore
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hi, If there is no pension plan in the company then what will be the procedure of deductions of PF/ESI regards deepika
From India, New Delhi
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From India, New Delhi
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Hello,
The first thing to consider is that when there is no pension plan, one can opt for alternative procedures to be adopted in that situation. The individual has to decide which option is better suited to their needs and circumstances. For example, they can directly apply to the PF office or form a trust for depositing in the company itself. There are many ways to handle this, and the choice depends on your circumstances.
For contact, please email [heddurshettarkpl@gmail.com](mailto:heddurshettarkpl@gmail.com). We welcome any suggestions and advice.
From India, Bangalore
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The first thing to consider is that when there is no pension plan, one can opt for alternative procedures to be adopted in that situation. The individual has to decide which option is better suited to their needs and circumstances. For example, they can directly apply to the PF office or form a trust for depositing in the company itself. There are many ways to handle this, and the choice depends on your circumstances.
For contact, please email [heddurshettarkpl@gmail.com](mailto:heddurshettarkpl@gmail.com). We welcome any suggestions and advice.
From India, Bangalore
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Dear All,
For more information on PF and ESI, you can visit the websites www.epfindia.com for PF and www.esic.ac.in for ESI. I hope it will be useful for all of you.
Regards,
Amith R.
From India, Bangalore
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For more information on PF and ESI, you can visit the websites www.epfindia.com for PF and www.esic.ac.in for ESI. I hope it will be useful for all of you.
Regards,
Amith R.
From India, Bangalore
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Steps to transfer PF amount.jpg
Employer-PF-res trict to wages of Rs 6500.pdf