What is ESI PF And payroll and is Use and define any body help me monday is my interview E-mail-sagar.radha@rediffmail.com
From India, Delhi
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1From India, Delhi
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Dear Friend,
Kindly click on the following links for the required information:
- [ESIC](https://www.citehr.com/download-list.php?query=ESIC)
- [PF Act](https://www.citehr.com/download-list.php?query=PF+Act)
- [Payroll](https://www.citehr.com/download-list.php?query=Payroll)
Please let me know if this information was useful. If not, I can try to provide more information.
Regards,
Mohamed Sardhar
91 93831 93832
From India, Coimbatore
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Kindly click on the following links for the required information:
- [ESIC](https://www.citehr.com/download-list.php?query=ESIC)
- [PF Act](https://www.citehr.com/download-list.php?query=PF+Act)
- [Payroll](https://www.citehr.com/download-list.php?query=Payroll)
Please let me know if this information was useful. If not, I can try to provide more information.
Regards,
Mohamed Sardhar
91 93831 93832
From India, Coimbatore
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Hi Sagar,
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 contribution from both sides is as follows:
Employee Side - 1.75% of gross per month. So, if the gross salary of an employee is 8,000 per month, the ESI contribution would be 8,000 * 1.75% = 140 Rupees.
Employer Side - 4.75% of gross per month. The ESI contribution would be 8,000 * 4.75% = 380 Rupees.
On the other hand, PF is contributed at a rate of 12% of the basic salary, from both sides - employee and employer.
For more details, you can visit the links provided below:
- http://www.epfindia.com
- http://www.esic.nic.in
Regards,
Amit Seth.
From India, Ahmadabad
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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 contribution from both sides is as follows:
Employee Side - 1.75% of gross per month. So, if the gross salary of an employee is 8,000 per month, the ESI contribution would be 8,000 * 1.75% = 140 Rupees.
Employer Side - 4.75% of gross per month. The ESI contribution would be 8,000 * 4.75% = 380 Rupees.
On the other hand, PF is contributed at a rate of 12% of the basic salary, from both sides - employee and employer.
For more details, you can visit the links provided below:
- http://www.epfindia.com
- http://www.esic.nic.in
Regards,
Amit Seth.
From India, Ahmadabad
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Dear Radha
Greetings!
EMPLOYEES’ STATE INSURANCE
Applicability of the Act & Scheme
Is extended in area-wise to factories using power and employing 10 or more persons and to non-power using manufacturing units and establish-ments employing 20 or more person upto Rs.10000/- per month . It has also been extend-ed upon shops, hotels, restaurants, roads motor transport undertakings, equip-ment maintenance staff in the hospitals.
Coverage of employees
Drawing wages
upto Rs.10000/- per month
engaged either directly or thru’ contractor
Rate of Contribution of the wages
Employers’ 4.75%
Employees’ 1.75%
Benefits
To the employees under the Act
Medical, sickness, extended sickness for certain diseases, enhanced sickness, dependents maternity, besides funeral expenses, rehabilitation allowance, medical benefit to insured person and his or her spouse.
==================================================
EMPLOYEES’ PROVIDENT FUNDS & MISC. PROVISIONS ACT, 1952
& THE SCHEMES
Eligibility
Any person who is employed for work of an establishment or employed through contractor in or in connection with the work of an establishment.
Applicability
· Every establishment which is factory engaged in any industry specified in Schedule 1 and in which 20 or more persons are employed.
· Any other establishment employing 20 or more persons which Central Government may, by notification, specify in this behalf.
· Any establishment employing even less than 20 persons can be covered voluntarily u/s 1(4) of the Act.
Payment of Contribution
· The employer shall pay the contribution payable to the EPF, DLI and Employees’ Pension Fund in respect of the member of the Employees’ Pension Fund employed by him directly by or through a contractor.
· It shall be the responsibility of the principal employer to pay the contributions payable to the EPF, DLI and Employees’ Pension Fund by himself in respect of the employees directly employed by him and also in respect of the employees directly employed by him and also in respect of the employees employed by or through a contractor.
Benefits
Employees covered enjoy a benefit of Social Security in the form of an unattachable and unwithdrawable (except in severely restricted circumstances like buying house, marriage/education, etc.) financial nest egg to which employees and employers contribute equally throughout the covered persons’ employment.
This sum is payable normally on retirement or death. Other Benefits include Employees’ Pension Scheme and Employees’ Deposit Linked Insurance Scheme.
================================================== =============
Payroll:
In a company, payroll is the sum of all financial records of salaries, wages, bonuses, and deductions.
[edit] Paycheck
A paycheck is traditionally a paper document issued by an employer to pay an employee for services rendered. While most commonly used in the United States, recently the physical paycheck has been increasingly replaced by electronic direct deposit to bank accounts.
In most countries with a developed wire transfer system, e.g. in Europe, using a physical check for paying wages and salaries has been uncommon for the past several decades. However, vocabulary referring to the figurative "paycheck" does exist in some languages, e.g. German (Gehaltsscheck), partially due to the influence of US popular media but this commonly refers to a payslip or stub rather than an actual check.
Pay slip
A pay stub, paystub, pay slip, pay advice, or sometimes paycheck stub, is a document that an employee receives either as a notice that the direct deposit transaction has gone through, or as part of their paycheck. It will typically detail the gross income and all taxes and any other deductions such as retirement plan contributions, insurances, garnishments, or charitable contributions taken out of the gross amount to arrive at the final net amount of the pay, also including the year to date totals in some circumstances.
Rgds,
John N
From India, Madras
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Greetings!
EMPLOYEES’ STATE INSURANCE
Applicability of the Act & Scheme
Is extended in area-wise to factories using power and employing 10 or more persons and to non-power using manufacturing units and establish-ments employing 20 or more person upto Rs.10000/- per month . It has also been extend-ed upon shops, hotels, restaurants, roads motor transport undertakings, equip-ment maintenance staff in the hospitals.
Coverage of employees
Drawing wages
upto Rs.10000/- per month
engaged either directly or thru’ contractor
Rate of Contribution of the wages
Employers’ 4.75%
Employees’ 1.75%
Benefits
To the employees under the Act
Medical, sickness, extended sickness for certain diseases, enhanced sickness, dependents maternity, besides funeral expenses, rehabilitation allowance, medical benefit to insured person and his or her spouse.
==================================================
EMPLOYEES’ PROVIDENT FUNDS & MISC. PROVISIONS ACT, 1952
& THE SCHEMES
Eligibility
Any person who is employed for work of an establishment or employed through contractor in or in connection with the work of an establishment.
Applicability
· Every establishment which is factory engaged in any industry specified in Schedule 1 and in which 20 or more persons are employed.
· Any other establishment employing 20 or more persons which Central Government may, by notification, specify in this behalf.
· Any establishment employing even less than 20 persons can be covered voluntarily u/s 1(4) of the Act.
Payment of Contribution
· The employer shall pay the contribution payable to the EPF, DLI and Employees’ Pension Fund in respect of the member of the Employees’ Pension Fund employed by him directly by or through a contractor.
· It shall be the responsibility of the principal employer to pay the contributions payable to the EPF, DLI and Employees’ Pension Fund by himself in respect of the employees directly employed by him and also in respect of the employees directly employed by him and also in respect of the employees employed by or through a contractor.
Benefits
Employees covered enjoy a benefit of Social Security in the form of an unattachable and unwithdrawable (except in severely restricted circumstances like buying house, marriage/education, etc.) financial nest egg to which employees and employers contribute equally throughout the covered persons’ employment.
This sum is payable normally on retirement or death. Other Benefits include Employees’ Pension Scheme and Employees’ Deposit Linked Insurance Scheme.
================================================== =============
Payroll:
In a company, payroll is the sum of all financial records of salaries, wages, bonuses, and deductions.
[edit] Paycheck
A paycheck is traditionally a paper document issued by an employer to pay an employee for services rendered. While most commonly used in the United States, recently the physical paycheck has been increasingly replaced by electronic direct deposit to bank accounts.
In most countries with a developed wire transfer system, e.g. in Europe, using a physical check for paying wages and salaries has been uncommon for the past several decades. However, vocabulary referring to the figurative "paycheck" does exist in some languages, e.g. German (Gehaltsscheck), partially due to the influence of US popular media but this commonly refers to a payslip or stub rather than an actual check.
Pay slip
A pay stub, paystub, pay slip, pay advice, or sometimes paycheck stub, is a document that an employee receives either as a notice that the direct deposit transaction has gone through, or as part of their paycheck. It will typically detail the gross income and all taxes and any other deductions such as retirement plan contributions, insurances, garnishments, or charitable contributions taken out of the gross amount to arrive at the final net amount of the pay, also including the year to date totals in some circumstances.
Rgds,
John N
From India, Madras
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hey amit wat ever u post it is very clear and informative. keep posting............. :lol: :lol: :lol: :lol: Veena.
From India, Hyderabad
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From India, Hyderabad
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