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Showing posts from January, 2013

ESIC DETAILS

ESIC company has to register for PF & ESIC when company strength is more than 19 cumpulsorily and also mind you that if any of the group companies are already registered then also irrespective of the strength you will have to register...there are many instances where companies had to register though there is no strict guideline on it. ESIC is cut when the gross is below 15,000 accept travelling allowance. PF if the basic is 6500. Per month ESIC deduct the employee's salary as a half payment, the other half payment is paid by company. The benefit of ESI is laid by employee & its family. To added a name list of ESIC, go to your nearest ESIC circular & visit with you & your parents/spouse. After applicable ESIC, any disease will cure at ESIC at free of cost. ESIC CARD Every ESIC candidate should be a valid ESI Card. ESI Card is made instruction of Your company or discussed with your accountant. There will not entry at hospital without a ESI ...

EPF Elligibility & Condition

Every Employee in India should have an  Employee Provident Fund  if He / She has a salary above Rs. 6500/-. If the Employer does not have it, employee has right to ask for EPF in his name. Generally, Employer has to pay the equivalent amount for EPF as much as the employee pays. Who is Eligible for Employee Provident Fund ? For New Entrants: ·           The Service Man is eligible for membership from the day he joins the company who has enrolled for EPF Scheme ·          If Company has equal to or more than 20 employees, it is mandatory for him or to join the Employee Provident Fund Scheme. ·          If the employee’s emoluments exceed Rs. 6,500/- per month, he has the option to join the Scheme(s)  with the consent of employer. ·            Please see in  Form No. 11  to the employer. ·     ...