Hi ,
This is Vasavi, am working for a manufacturing company as HR Asst am new to this feild and interested to grow in this feild.
I have gone through some discussions in this site reagrding PF and ESI..Lots of and lots doubts arised..
1. Is there any fixed % for adminstrative Fee for PF?
2. What is the Difference between PF and EPF?
3.In my company ESI is limited upto Rs15000 gross salary,but in discussions i had seen it is Rs10000, plz clarify me in this regard?
4. Plz provide me with latest information regarding statuories?
Waiting for your valuable reply..and thanks in advance
Thank You,
Regards,
Vasavi S
From India, Hyderabad
11This is Vasavi, am working for a manufacturing company as HR Asst am new to this feild and interested to grow in this feild.
I have gone through some discussions in this site reagrding PF and ESI..Lots of and lots doubts arised..
1. Is there any fixed % for adminstrative Fee for PF?
2. What is the Difference between PF and EPF?
3.In my company ESI is limited upto Rs15000 gross salary,but in discussions i had seen it is Rs10000, plz clarify me in this regard?
4. Plz provide me with latest information regarding statuories?
Waiting for your valuable reply..and thanks in advance
Thank You,
Regards,
Vasavi S
From India, Hyderabad
Dear Vasavi,
1. Admin. charges are fixed at 1.10% of salary, i.e. Basic+DA.
2. You can call it as Employees' Provident Fund (EPF) and Employees' Pension Scheme (EPS) Entire 12% deducted from employees' salary goes to EPF. Out of 12% contribution from the employer, 3.67% also goes to EPF. Remaining 8.33% ) goes to Pension Scheme. However, there is a salary ceiling of Thus, contribution to Pension Scheme can not be more than When employees voluntarily agree for PF deduction beyond the ceiling limit, then also only 541 goes to EPS and the remaining amount of 12% is added to EPF. (You can refer official website of PF Organisation "www.epfindia.com" for more clarity.
3. Gross salary upto 15000/- per month comes under ESI purview. Earlier it was 10000/-.
4. Very difficult to give everything here. Please check respective websites for more information.
With best regards
Sudhakaran
From India, Bangalore
1. Admin. charges are fixed at 1.10% of salary, i.e. Basic+DA.
2. You can call it as Employees' Provident Fund (EPF) and Employees' Pension Scheme (EPS) Entire 12% deducted from employees' salary goes to EPF. Out of 12% contribution from the employer, 3.67% also goes to EPF. Remaining 8.33% ) goes to Pension Scheme. However, there is a salary ceiling of Thus, contribution to Pension Scheme can not be more than When employees voluntarily agree for PF deduction beyond the ceiling limit, then also only 541 goes to EPS and the remaining amount of 12% is added to EPF. (You can refer official website of PF Organisation "www.epfindia.com" for more clarity.
3. Gross salary upto 15000/- per month comes under ESI purview. Earlier it was 10000/-.
4. Very difficult to give everything here. Please check respective websites for more information.
With best regards
Sudhakaran
From India, Bangalore
Hi Sudhakaran, Thx a lot for ur valuable reply and as of now i cleared with some of my doubts.. can u plz provide me the site address. Thanks Regards Vasavi
From India, Hyderabad
From India, Hyderabad
Really it is good to read this diffecrence. can u please provide that site name as well as some other site which can help to develop this knowledge
From Bangladesh
From Bangladesh
Dear friends,
Following are some of the sites where you can find useful information :
Provident Fund = EPFO
ESI = ESIC Home Page
Statutory = STATUATORY COMPLIANCE FOR H.R &; LABOUR LAWS: Checklist of Statutory Compliances by Employers for Statutory Deposits, Returns & Informations
<link outdated-removed>
As Mr. Bhaskar suggested, please go to Google and search for more information.
With best regards
Sudhakaran
From India, Bangalore
Following are some of the sites where you can find useful information :
Provident Fund = EPFO
ESI = ESIC Home Page
Statutory = STATUATORY COMPLIANCE FOR H.R &; LABOUR LAWS: Checklist of Statutory Compliances by Employers for Statutory Deposits, Returns & Informations
<link outdated-removed>
As Mr. Bhaskar suggested, please go to Google and search for more information.
With best regards
Sudhakaran
From India, Bangalore
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PF clarification on leave encashment.jpg
NO PF Contribution on Leave Encashment - SC judgment-Clarif ication by EPFO.pdf