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PF calculation - esi calculation on salary -statutory compliance in HR
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WINHRMPAYROLL CLOUD HRM PAYROLL SOFTWARE
Dec 24, 2019, 5:11:03 AM12/24/19
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Features of PF calculation :
1.Provident fund - PF
2.Employee state insurance - ESI
3.Income Tax -TDS
4.Profession Tax - PT
http://www.winhrmpayroll.com/statutory-compliance-management.html
1.Provident fund - PF
2.Employee state insurance - ESI
3.Income Tax -TDS
4.Profession Tax - PT
http://www.winhrmpayroll.com/statutory-compliance-management.html
WINHRMPAYROLL CLOUD HRM PAYROLL SOFTWARE
Dec 27, 2019, 1:46:59 AM12/27/19
to
Features of PF calculation :
1.Provident Fund: Provident Fund or PF is a compulsory contributory fund for the future of employees. It works as a corpus fund generated through regular and monthly contributions made by an employee and employer. A minimum of 12% is calculated from the basic component of the employee’s salary and contributed as PF is deducted from the CTC. The cumulative contribution of the employer and employee will be added to the PF account of the employee, which can be en-cashed for future purposes. Companies will have to stay EPFO complaints once they have 20 or more employees.
for more information visit us http://www.winhrmpayroll.com/statutory-compliance-management.html
1.Provident Fund: Provident Fund or PF is a compulsory contributory fund for the future of employees. It works as a corpus fund generated through regular and monthly contributions made by an employee and employer. A minimum of 12% is calculated from the basic component of the employee’s salary and contributed as PF is deducted from the CTC. The cumulative contribution of the employer and employee will be added to the PF account of the employee, which can be en-cashed for future purposes. Companies will have to stay EPFO complaints once they have 20 or more employees.
for more information visit us http://www.winhrmpayroll.com/statutory-compliance-management.html
WINHRMPAYROLL CLOUD HRM PAYROLL SOFTWARE
Dec 30, 2019, 1:11:40 AM12/30/19
to
Features of PF calculation :
1.Employee state insurance: ESI fund, maintained by ESIC is a social security scheme that is applicable to employees earning Rs 21,000 or less per month to provide cash and medical benefits to them and their families. ESI is calculated at 4.75% from the employer side and 1.75% from the employee’s side. These amounts will be calculated on monthly gross salary and a limit is a setup. If the gross amount is less than the setup limit amount then those employees will be eligible for ESI. The cumulative contribution from the employer and employee will be deducted from the CTC every month. To ensure the hassle-free operation of Statutory Compliances for PF Deduction and ESI Fund a robust payroll service is much required.
for more information visit http://www.winhrmpayroll.com/statutory-compliance-management.html
1.Employee state insurance: ESI fund, maintained by ESIC is a social security scheme that is applicable to employees earning Rs 21,000 or less per month to provide cash and medical benefits to them and their families. ESI is calculated at 4.75% from the employer side and 1.75% from the employee’s side. These amounts will be calculated on monthly gross salary and a limit is a setup. If the gross amount is less than the setup limit amount then those employees will be eligible for ESI. The cumulative contribution from the employer and employee will be deducted from the CTC every month. To ensure the hassle-free operation of Statutory Compliances for PF Deduction and ESI Fund a robust payroll service is much required.
for more information visit http://www.winhrmpayroll.com/statutory-compliance-management.html
WINHRMPAYROLL CLOUD HRM PAYROLL SOFTWARE
Dec 31, 2019, 5:23:33 AM12/31/19
to
Features of PF calculation :
1.Income Tax: Tax Deducted at Source or TDS is deducted as a means of indirect tax collection as per the Income Tax Act, 1961. TDS rule directs employers to deduct a certain amount of tax before full payment is made to the receiver. TDS is calculated on CTC slabs. It is mandatory to have TDS deductions before payroll is run. Users can check declaration forms multiple times in our payroll management software before the final one is submitted to the management towards the filing of Income Tax.
for more information call us http://www.winhrmpayroll.com/statutory-compliance-management.html
1.Income Tax: Tax Deducted at Source or TDS is deducted as a means of indirect tax collection as per the Income Tax Act, 1961. TDS rule directs employers to deduct a certain amount of tax before full payment is made to the receiver. TDS is calculated on CTC slabs. It is mandatory to have TDS deductions before payroll is run. Users can check declaration forms multiple times in our payroll management software before the final one is submitted to the management towards the filing of Income Tax.
for more information call us http://www.winhrmpayroll.com/statutory-compliance-management.html
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