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

selli

• Apr 26th, 2019

Gratuity= Basic/26*15*41
(41 yr and 6 months =41 yr)
bcz you will have to round up till 6 months

waseer

• Nov 11th, 2017

What is Payroll Disbursements Journal?
What are the steps in Payroll Management?

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anu subramanian

• Jun 14th, 2014

Payroll is a record of company employees and the salary that each of them is paid.

KRISHNA

• Jun 4th, 2014

EMPLOYEE FINANCIAL CALCULATIONS

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Neha

• Aug 26th, 2017

10 Lac

KRISHNA

• Jun 4th, 2014

10 LAKHS ONLY

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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

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Dinu Raj  

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• Member Since Jan-2010 | Jan 23rd, 2010

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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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Sashi

• Jul 7th, 2017

PF,ESI,PT and Advance/Lon if any taken....

Ganesh Shetty

• Sep 23rd, 2015

Provident Fund, Employer state Insurance Corporation, Tax deduct at Source, Professional Tax, Medical Claim. It depends upon company HR rules.

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Srinivasalu R

• May 27th, 2018

Employee has to work minimum 4 years 240 days for gratuity eligible

Achirabhadra

• Jan 18th, 2018

Basic*15/26*no of years.. emp have to work for more than 5 years .

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