penalty of late epf aur esi

 5 se 25% tak ki penalty lagti hai isme jo bhi amount hoga agar vo har mahine ki 15 taarik se pahle nahi pay hota hai pf aur eps

what is UAN no.

 uan is 12 digit no.  aloocated to each employee to track epf statement ka pata laga sake ki kitna amount credit hua hai ya debit hua hai

All About gratuty

 gratutiy

koi karmachaari 5 saal ke tahat kaam karta hai to usko gratuty ki suvidha milti hai mean iske formula ke tahat iski rashi ka bhugtaan kiya jata hai ya to aap retired ho ya resign de rahe ho to aapko gratutiy ka bhugtaan diya jata hai

jese aap naukri chodne ya reytirment ke baad kitne time tak gratuttiy ka claim kar sakte hai kisi bhi employee ke naukri chodne par 30 ke andar gratuty ka bhugtaan karna jaroori hai aur employee ko bhi 30 din tak apply kar dena chahiye lekin company ke yah kabhi nahi kah sakti ki aapne out of date apply kra hai aur employee ko 30 ke andar form I bharkar dena hoga aur agar usne nomini kisi ko bhi bana rakha hai to usko form j bharkar dena hoga aur application milne par 15 din ke andar e reply karega lekin isme aapne saari terms and condition full fil karna hoga aur niyokta aapko ek date batayega gratuty ka pesa dene ke liye aur yah time seema 30 din ke andar honi chahiye

ALL PF ACT DETAILS

 PF act and statement

employee provinded act missilineces provdence act 1952

1. 22 section and 4 shedule (1,2,3,4)

allow in all india this act

applcable -  1 section 

every establish factory industries allow for 20 or 20 more employee

and another company employee 20 or 20 more employee specific by central govermant mean koi company register nahi hai to central gov. ke dwara establish main applicable ho jaayega

not applicable- section  16

1912 coperative society employeeing less than 50 employee is act main coperative society khol di to isme apn power ka use nahi kar sakte hai

minister of labor law act (3 schemes here)

EPF 1952

EPS 1995

EMPLOYEE DEPOSITE LINKED INSURANCE INSURANCE SCHEME 1976

DIFINATION- SECTION -2

1. EMPLOYEE

HAMEN KISI EMPLOYEE KIYA HAI WAGES KE LIYE KUCH BHI KAAM KAR RAHA HAI YA MANUAL KAR RAHA HAI YA OTHERWISE KAR RAHA HAI MEAN JO APNI ORGANISATION HAI USKE LIYE KAAM KAR RAHA HAI CHAHE TO KAAM INDRECTLY YA DIRECTLY KAAM KAR RAHA HAI HAMAARI ORGANISATION KE LIYE

AUR AGAR KISI CONTACRACTOR NE KISI BHI EMPLOYEE KO KAAM PAR LAGAYA HAI YA TO CONTRACT NE EMPLOYEE HIRE KARKE DIYA HAI YA INTERN HAI UNDER APPRENTIS ACT 1961.

2. (EXAMPTED EMPLOYEE) MEAN VO EMPLOYEE JO APNA PF KA AMOUNT PURA WITHRAWL KAR CHUKA HO

LIMIT FOR PF=  PAY= BASIC+ DEARLENCE ALLOWENCE UP TO RS. 15K LESS TO PF KATEGA AUR AGAR 15K SE UPAR HAI TO AAPKO ASSISTANT PF COMMISIONAR KI PERMISSION CHAHIYE HOTI HAI

PF RATE= FROM EMPLOYEE SIDE= 12% (BASIC+ DA)

FROM EMPLOYER SIDE= 8.33% EPS, 3.67% EPF

KUL MILAKAR DONO KI SIDE SE 12% HONA CHAHIYE EMPLOYEE OR EMPLOYER DONO SIDE SE

AGAR EMPLOYEE 12% SE JYADA CONTRIBUTE KARNA CHAHTA HAI TO VO KAR SAKTA HAI LEKIN EMPLOYER CASE MAIN ESSA NAHI HAI

EMPLOYER (EPS) ACT

RATE= 8.33% IN PANSION AMOUNT

WITHDRAWL AMOUNT KESE LE SAKTA HAI MONEY

1. RETIRMENT AUR DISABLEMENT

IN CASE OF DEATH EMPLOYEE

1. WIFOW/ WIDOWER DUSRI SHAADI SE PAHLE KAR SAKTA HAI

2. CHILDERN UP TO 25 AGE

3. IF PERSONE WAS SINGLE THEN NOMINI

EMPLOYEE DEPOSITE LINKED INSURANCE INSURANCE SCHEME 1976

(THIS IS A LIFE INSURANCE BENEFIT)

RATE= 1% WHICH INCLUDE

aur agar salary 15k se uppar hai to usme 1800 ruapy add on ho jata hai 

lekin agar employer chsahta hai ki jyada benefit lena chahta hai to mean pure employee ko to is condition main aap full epf le sakte hai

lekin full epf main bhi kuch condition hai inke dwara employee katwa sakta hai

1. less than 15k

2. more than 15k mean 1800 add on ho jata hai automatic mean 1800 rupay katega aur 1800 rupay employer daal bhi dega

3. thisri condition main 12% aapka katega aur 12% employer aapki salary main daal dega yah sara pesa to epf main chal jata hai baaki eps ka pesa to 15k ka 8.33% pesa dalna hota hau.. total to 12% hi karna hai yah mtlb cap hoti hai

kulmilalakar 12% kar dega employer aur baaki ka pesa epf account main chal jata hai

Hr roles and responsibilty Notes all about hr payroll

hr payroll and recruiter interview questions

Introduction

Hii 

My name is nikhil kumar i am from ajmer rajasthan and i am completed my Bechlar of arts from d.a.v college ajmer. So i have 2 years of experience as an hr executive at rk marble

Roles and Responsibitlies

Picking up the Candidates from online sources using various channels such as Naukri, monster, and shine.com and Linked

Screening Resumes: Reviewing resumes and according to job descriptions candidates meet the qualifications and skills requirements and conducting Interviews: via phone screenings, in-person interviews, or virtual interviews to assess candidates' skills and schedule the interviews between candidates and hiring managers and Providing Feedback if candidates selected or not and provide the feedback.

After that, I used to do tasks related to candidate onboarding. Onboarding: welcome page, Onboarding form, About company culture, Documentation formalities and provide company devices like ID cards, laptops, sim cards and Making aware of company culture and introducing all employees.

Joining/Exit formalities, retirement date, and resignation are managed in Excel records. Maintaining Recruitment Tracker: 

Attendance Management can be done by employees using an online attendance Biometrick tool named- limpus technology tool Then there is also the payroll portion which covers all the salary components.

Other tasks I looked after were that the office staff looked after the cleanliness of the main office, this included maintenance as well as machine parts, and marble machines. If any fault occurs in the machines I will take care of their maintenance

For Interview Payroll part main bolna

Another roles and responsbilty 

Maintain payroll processing system and records. Process the company payroll every month period. Complete payroll reports. And Solve payments related issues for all employees. Making Pf and Esic challan records of employees through portals, joining and exit formality through pf portals

which software used in hr payroll

Greyhr, zohopayroll, razorpay

What is Esi

ESI Code Number is a 17-digit identification number allotted to each employee of a registered factory or establishment.

ESIC Deduction Limit

This means that if an employee's salary is more than ₹ 21,000 per month, the employee and the employer are not required to contribute to the ESIC fund

Esi Condition after 21kctc

and if employess an employer he wants to get ESIC contrabution, if his salary increament April to September between October and March then its Esic will be cut and also apply

What is Pf

Employee Provident Fund, popularly known as PF is the retirement saving scheme to all salaried employees

sir pf 12% of basic salary is deducted. And esic cuts .75 on gross salary.

salary component:

what is allowyence: fixed amount received from an employee to meet expandature in the name of particular head.

5 component of salary

1. basic salay

2. da and ta

3. HRA

allowence is fixed amount that you r provide next month

 Allowence are taxtable or not there is a provision under 10(13A) that is a income tax mention in form 16

allowence name: tifin, servant, warden, dearnes allowence....thats is a fixed amount allowence

2. Perquisistes...mean perks (thats is non monitory)

and that is a low taxable rates like electicty bills and water bills

perk main ya to aapko pay karna pada ya to rembrutment mil gaya ya fir company ne pay kar diya

3. Retirement Benefit

PF,ESIC,Gratuaty

fully taxable allowence: deaerlence allowence, overtime allowence, city compositary allowence, transport allowence, oroject allowence, servant allowence, warden allowence

partially taxable: house rent, fixed medical allowence, leave travel allowence, convency allowence, special allowence

HRA- actuall hra amount received

1. 40 to 50% of Basic salary+ DA

2. Rent- 10% of salary 

fixed medical allowence is taxable above 15k

Convence Allowence- Above 1600 rupay this is taxable

statuattary compliance: (rules and regulation) ya (legal processors)

like main kisi ko hire kar raha hu to uske liye kya kya provision ho sakte hai,, kya payment candidate ko deni jaroori hai aur kya working hour hone chahiye

and isme saare hiring related mean recruitment aa jata hai ki kese recuirt karna hai.

What is form 16

Form 16 is a certificate (issued under section 203 of the Income Tax deducted at source (TDS) by the employer and submitted by them to the Income Tax Department (IT Department).

Form 16 used for

Primarily, Form 16 acts as proof of tax paid on time. It also verifies the authenticity of the income earned by an employee

What is bonus and how to calculate

Mention what is Payroll?

Payroll is the term used for the compensation a business must pay to its employees for a set period of time or on a given date.

Mention what are the methods to manage Payroll?

The methods to manage Payroll includes,

1. Doing it yourself by hand
2. Using employee payroll software
3. Outsourcing payroll
4. Assisted payroll

Mention what comes under Non-taxable wages?

Health or retirement benefits that are paid before taxes known as Non-taxable wages.

Mention what all people involve in Payroll Processing?

• Timekeeper: Responsible for ensuring that attendance and time is submitted by the reporting deadline. The employee acts as the timekeeper in the case of web time entry
• Approver: Responsible for ensuring that time and attendance are approved and submitted by the reporting deadline.
• Proxy: In the absence of approver’s, authorized time and attendance
• Department Administrator: Responsible for certifying that the process for gathering and maintaining the data needed, along with completing and reviewing the payroll report.
• Financial Manager: Responsible for monitoring and verifying the accuracy of the payroll.

Mention what are the common mistakes happen during Payroll process?

Common mistakes happen during Payroll process,

• Setting up Payroll Incorrectly
• Paying or deducting more money to employees account
• Forgetting to Record Paper Checks
• Submitting Deposits Late or Incorrectly
• Ignoring to run payroll on time

Mention what is CTC?

CTC stands for Cost to Company.  It includes all the costs related to an employment contract and covers all compulsory deductibles including deductions for provident fund, medical insurance, etc.  These deductibles form a part of your compensation structure, but you do not get them as a part of the in-hand salary.

What is minimum wages

what is form 24q

Form 24Q. It is used for preparing eTDS returns for the TDS deducted on salary under Section 192 of the Income Tax Act, 1961. It has to be submitted on a quarterly basis by the deductor.

what is form 12ba

Form 12BA is an income tax statement which gives all the details of the perquisites, amenities and other fringe benefits provided by the employer, and profits in lieu of salary.

Why are you leave your past job

Sir its a career move ans i learnt lot of in my last job and enhance my skills


Your strengh

My greatest strengh is my ability to focus on my work and i am not easily distracted


Weekness

I can continousaly many hour.so this is my overconfidence noone easily distracted me


Jab hr pyche to batana

I can do this work so this is confidence
And only i can do this work so this is overconfidence



Do you yave any quiestion for me

I would to like what are the next steps sir



Can you describe one word only

 learnt lew things