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TNTET 2017 BREAKING NEWS

TNTET 2017 BREAKING NEWS | ஆசிரியர் தகுதித்தேர்வு நடத்த அனைத்து ஏற்பாடுகளும் தயார்...ஓரிரு நாட்களில் முறையான அறிவிப்பு வெளியாகிறது...| விண்ண...

Sunday, January 24, 2016

Checklist-PF

1. Registration certificate

2. Do you have contracted labour? PF applies to them also.

3. Employees earning <=6,500; PF applicable

4. Employees earning > 6,500; discretionary& Employer’s contribution to Pension Fund limited to Rs 6,500 only

5.  For Workers –  from Date of joining – Act applies

6. @ 12% (Basic + DA + Retaining Allowance) ; Basic means basic only, No DA, No HRA+ No overtime + No Bonus + No Commission.

7. Pension fund @ 8.33%  of Wages- Employer has to contribute 8. DLI @ 1%(Basic+ DA+Retaining Allowance) + Admin. Fund @ .25% of this contribution – Employer has to pay

9. Due Date of payment : 15th of next month

10. For contracted labour – contractor will recover from his employee, add his equal contribution & admin. Charges ,& give to principal employer

11. In case of default-pay damages at rates 17%, 22% , 27% , 37% + Interest @12%

12. File Form 5 within 15 days from EOM- list of new joinings in preceding month +  declaration in Form 2 by new joinees, & employees leaving the Co. in the preceding month in the relevant form

13. Inspection Note book for remarks by PF Inspector visiting the Co. periodically

14. Form No. 5A in duplicate to Regional Commissioner for all other branches , departments ,directors , managers + change in such particulars within 15 days of change

Thank You

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