Hi
i am working in outsourcing company as recruiter .is pf deducting based on the monthly based or working days ?because i saw pf and esi calculation sheet ,in that sheet different amount there are deducted .in that sheet their salary levels are same .
Can any one help me .
thanks and regards
Ramesh
From India, Bangalore
i am working in outsourcing company as recruiter .is pf deducting based on the monthly based or working days ?because i saw pf and esi calculation sheet ,in that sheet different amount there are deducted .in that sheet their salary levels are same .
Can any one help me .
thanks and regards
Ramesh
From India, Bangalore
Dear Ramesh,
PF and ESI is deducted on(PF on Basic and ESIC on Gross )wages paid to employee on daily basis or monthly basis.But submission of return and deposits of PF ESIC contribution is statutorily on monthly basis based on total wages/salary sheet/paid for the month.It does'nt matter salary levels are same or different.
Regards
Shaukat
From India, Jaipur
6PF and ESI is deducted on(PF on Basic and ESIC on Gross )wages paid to employee on daily basis or monthly basis.But submission of return and deposits of PF ESIC contribution is statutorily on monthly basis based on total wages/salary sheet/paid for the month.It does'nt matter salary levels are same or different.
Regards
Shaukat
From India, Jaipur
Dear shaukat hussain,
Please let me know if employee is applying for PF withdrawal after three months of resignation,when he has not completed ten year of duration with EPF, in that case will he get his full amount that is Employer (12%)+ Employee (12%) contribution or he will get Employer (3.67%)+ Employee (12%) contributio
Regards
Ramesh D
From India, Bangalore
Please let me know if employee is applying for PF withdrawal after three months of resignation,when he has not completed ten year of duration with EPF, in that case will he get his full amount that is Employer (12%)+ Employee (12%) contribution or he will get Employer (3.67%)+ Employee (12%) contributio
Regards
Ramesh D
From India, Bangalore
Hi Ramesh
If employee left his job before completing 10 yrs of service ,he is eligible to get full accumulated PF withdrawal which include Employers share too. But after 10 yrs he will get pension certificate from EPFO for employers contribution 8.33%towards pension fund. After age of 50 yrs.he became eligible for pension from EPFO.
Thanks and regard
Shaukat
From India, Jaipur
If employee left his job before completing 10 yrs of service ,he is eligible to get full accumulated PF withdrawal which include Employers share too. But after 10 yrs he will get pension certificate from EPFO for employers contribution 8.33%towards pension fund. After age of 50 yrs.he became eligible for pension from EPFO.
Thanks and regard
Shaukat
From India, Jaipur
Ramesh, the very first thing is that you need to go thru the rules of deduction of ESIC & EPF if you are not well familiar with it.
Second, there are numbers of sample sheets and material available which you can use for your practice and to understand the calculation and for that i request you to please use "reSearch' option to find out the same.
Also you can see many related post at right side bar of our CiteHR page under "Similar Post" which will automatically bring you the details, please go thru it once..
Third, please go to the links posted below
https://www.citehr.com/104521-esi-pf...cel-sheet.html
https://www.citehr.com/104428-pf-esi...alculator.html
https://www.citehr.com/70854-pf-pt-esi-calculation.html
https://www.citehr.com/94146-pf-esi-...culations.html
From India, Gurgaon
Second, there are numbers of sample sheets and material available which you can use for your practice and to understand the calculation and for that i request you to please use "reSearch' option to find out the same.
Also you can see many related post at right side bar of our CiteHR page under "Similar Post" which will automatically bring you the details, please go thru it once..
Third, please go to the links posted below
https://www.citehr.com/104521-esi-pf...cel-sheet.html
https://www.citehr.com/104428-pf-esi...alculator.html
https://www.citehr.com/70854-pf-pt-esi-calculation.html
https://www.citehr.com/94146-pf-esi-...culations.html
From India, Gurgaon
Thank you Mr Ak Arora.
it is very helpfull for me.
and i have one more doubt regarding Esic Number
1)One of my friend having Previous company Esic paychana card number and present company also given another esic number.Is it correct ?
i am waiting for your valuable reply.
Thanks in Advance.
Ramesh
From India, Bangalore
it is very helpfull for me.
and i have one more doubt regarding Esic Number
1)One of my friend having Previous company Esic paychana card number and present company also given another esic number.Is it correct ?
i am waiting for your valuable reply.
Thanks in Advance.
Ramesh
From India, Bangalore
Thanks Ramesh and for your present question i request you to please make a visit to the weblink below :
https://www.citehr.com/95189-can-emp...ld-esi-no.html
https://www.citehr.com/52969-esi-reg...ob-change.html
and to complete official details on the same (ESIC Pahchan), please go to weblink below :
http://esic.nic.in/CIRCULARS/ppwipro.pdf
From India, Gurgaon
https://www.citehr.com/95189-can-emp...ld-esi-no.html
https://www.citehr.com/52969-esi-reg...ob-change.html
and to complete official details on the same (ESIC Pahchan), please go to weblink below :
http://esic.nic.in/CIRCULARS/ppwipro.pdf
From India, Gurgaon
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls