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Gratutity Calculation
If Gratuity Calculation :Gratuity=Last Basic Pay*15 Days* Number of Year ServiceA person works for 41 year & 6 months in a company.Calculate the Number of the service year
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Preparing Salary Sheet
Explain about salary sheet preparation process using MS Excel file as the base source of employee daily attendance record.
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Reverse Accrued Bonus
How to reverse an accrued bonus provision made on Y1. But not paid in Y2. Reversing the entries, the expenses bonus account is negative, is it right? what are the entries to be booked?
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What is pf and esi compliance work details in bpo
Partap Singh
- Jan 25th, 2017
Dear Sir/Madam,
if someone is resigned the company/organisation and withdraw his PF and then after 1 year he rejoins the same company. Now his ESI registration number will be the same as earlier or it will change? Please adviseyesvijay2004
- Jun 11th, 2008
provident fund process:form-2 - tobe collected from new joinee for pf nomination & declarationform-5 - tobe filed every month ( addition of employee for the month)form-10 - tobe filed every month ...
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Gratuity Calculation
On what basis is the Gratuity of an Employee is calculated and How?
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Employee Errors and Warnings in PS Global Payroll
What are commonly sited Employee Errors and Warnings during PS Global Payroll execution? How can we see Employee Errors and How to resolve them?
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Pension and gross earning
Question # 1 ABC Company sponsors a contributory pension plan for which the company contributes 3% of salaries for exempt employees, and the employees have contributed a total $245,000.00 . If hourly employees have earned a total of $380,000.00, and salaried employees have earned a total of $420,000.00 this year,what is the pension expense for the year?A. $7,350.00 B. $11,400.00 C. $12,600.00...
Atoosa
- May 27th, 2015
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dbmalipatil
- Mar 30th, 2008
Q2: Devon is hired at a salary of $78,000.00 annually and begins work on Wednesday July 7th . If payroll is processed semi- monthly for periods ending on the 15th and the final day of the month, What ...
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How payroll works?
stellalauren
- Jan 3rd, 2015
Payroll, at its most basic, is the process by which an employer pays an employee for work performed. If you own your own business, but don't have any employees, then you don't have to worry about payr...
Harshini
- Nov 13th, 2014
While calculating salary, we should consider the following
1. upload attendance
2. LOP of employees
3.Increment
4.Deductions like TDS,PT,PF,ESI,etc -
What are the benefits achieved by computerized payroll system?
stellalauren
- Jan 3rd, 2015
Every business needs a payroll computation or an expert. No doubt in that, but when the business expands into numerous workforce paperwork calculation does not help and computerized payroll become one...
Harshini
- Nov 13th, 2014
Benefits
1 Accuracy
2.Speed
3.Time save
Disadvantages
1. Unemployment problem(This system is reduce the manpower, so it cause to unemployment.
2.Risky(sometimes difficult to find out errors) -
Who is contingent worker? can we run payroll for a contingent worker?
Harshini
- Nov 13th, 2014
In that situation, we can take them as daily wage basis.
kashiffakih
- Nov 15th, 2010
Contingent or temporary workers have little or no job security as their employment is based on a temporary Contingent workers are not committed to the organization for a long run, as they know that they will be out of there in very short period of time
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What report are provided to accounting dept. from payroll every month? What reports are generate at end month, qtr & year end in payroll dept?
Harshini
- Nov 13th, 2014
Every month the following are the details given to Accounts Dept regarding payroll
1. Total amount of salary credited to Employees
2. total PT
3.Total PF amount(Employees & Employers)
4.ESI amount (Employees & Employers)
5. salary payable through cheque, cashShrigayathri
- Dec 16th, 2009
For making accounting entries the accounting dept will need the total transactions of the particular payroll run grouped into various expenditure/liability/Income items like salary,loans,ees pension,e...
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Provident Fund Payment
What are the rates (Percentages) paid as Employer's Share of PF in A/C No.1, A/C No.10 & A/C NO.21
Read Best Answer
Editorial / Best Answer
Dinu Raj- Member Since Jan-2010 | Jan 23rd, 2010
PF Employer contribution
12% of Basic+DA+1.61%
Out of this 12%
3.67% will go to Povident Fund (Ac No: 1)
8.33% will go to Pension Fund ( Ac No: 10)
And
1.61% on PF contribution is Bifurcated into 3 parts
1.1% Admin charges
0.01% Admin on EDLI
0.5% EDLI
PF Employee Contribution
12% of Basic+DA
Entair amount will deposited to PF (Ac NO: 1)
Employee can make higher contribution but he can't contribute less than employers contribution.
Harshini
- Nov 13th, 2014
There is no splits in Employee contribution, but there is a split up in Employees contribution. that is Employer contribution splits into: EPF(Employees Provident Fund )(Basic ACT 1) is 3.67%, ...
Arvapally K
- Sep 10th, 2011
Provident Fund Payment from employ 2.5 and employer 2.5 on basic salary totally 5%
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Wage Revision
What is the minimum period to revise the Basic Salary of Employees?
Harshini
- Nov 13th, 2014
Changes in Basic salary depends on designation and According to the Minimum wages ACT.
sresresrek
- Jun 7th, 2010
Wage Revisions as per wage policy every finanical year means April of the every year will revised.at the same time Basic is revised as per appointment order like we are given probation period to every...
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What is the process in end to end payroll
When u say you do end to end payroll.. can you explain it in brief
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Payroll Interview Questions
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