Hi, everyone , please help me....i have to deployed manpower in central government, where i have to fulfil these below mentioned requirement...
1. his daily wages is 617...that means 617*26= 16042, All the calculations will be done on his Gross salary i.e 16042, because in central wages those who are on daily basis, there is no basic or da.... calculation of pf or esic etc will be done on his total gross salary.
2. they required PF &EDLI @13.36%, Bonus @8.33%, Retrenchment @4.82%, Leaves @5.0% and National Holiday @1.0% of basic minimum wages for highly skilled manpower.
Can anyone please send me salary structure according to this above mentioned requirements
From India, Lucknow
1. his daily wages is 617...that means 617*26= 16042, All the calculations will be done on his Gross salary i.e 16042, because in central wages those who are on daily basis, there is no basic or da.... calculation of pf or esic etc will be done on his total gross salary.
2. they required PF &EDLI @13.36%, Bonus @8.33%, Retrenchment @4.82%, Leaves @5.0% and National Holiday @1.0% of basic minimum wages for highly skilled manpower.
Can anyone please send me salary structure according to this above mentioned requirements
From India, Lucknow
Dear Varnika Srivastave,
I used to deal with manpower sub-contractors for various plants / projects of our company all over India.
We usually pay as per Minimum Wages Act, as defined by the Appropriate Govt. However, in case of eligible employees we pay more than the MW Act. In order to determine overall costing of a plant/project I prepare a sheet of projected cost for the deployed manpower. This help us making project costing as well.
Pls find attached a format duly showing MW, some allowances, PF (employer 13% instead of 13.36%), ESI Deductions, Take Home Salary, CTC etc. In EPF you can Freeze PF Wages upto Rs. 15,000, and accordingly change the formula at respective place. Since we deploy through third party hence “Contractor Service Charge” also shown.
Also find attached another individual CTC Format.
You can modify the format/s as per your requirement.
Hope this will serve your purpose.
From India, Delhi
223I used to deal with manpower sub-contractors for various plants / projects of our company all over India.
We usually pay as per Minimum Wages Act, as defined by the Appropriate Govt. However, in case of eligible employees we pay more than the MW Act. In order to determine overall costing of a plant/project I prepare a sheet of projected cost for the deployed manpower. This help us making project costing as well.
Pls find attached a format duly showing MW, some allowances, PF (employer 13% instead of 13.36%), ESI Deductions, Take Home Salary, CTC etc. In EPF you can Freeze PF Wages upto Rs. 15,000, and accordingly change the formula at respective place. Since we deploy through third party hence “Contractor Service Charge” also shown.
Also find attached another individual CTC Format.
You can modify the format/s as per your requirement.
Hope this will serve your purpose.
From India, Delhi
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CTC Calculator.xls
Central-Governm ent- of-India-Holida y-List 2016.pdf
Central-Governm ent- of-India-Holida y-List 2016-page-001.j pg