Dear Seniors,
Please let me help on the topic. I'm working in a security agency and I have to quote rates to clients with the breakup of salary payable and statutory compliance. The mandatory components include EPF, ESI, Bonus, Leave with wages, and Gratuity. Additionally, there are other charges for weekly off (reliever charges).
Some agencies are quoting rates for 12 hours (with an extra charge for an additional 4 hours at normal rates, not as per overtime rules).
I am unsure about what percentage to charge for Leave with wages and gratuity, which are typically 4.17% and 4.81% respectively. I do not know the calculation behind these percentages.
I have attached the calculation for your reference. Please confirm the salary pattern as well. In a month, there are 30 days. Can any employee work 30 days straight in the attendance sheet or muster roll? I have seen cases where they mark 30 days of full attendance with no weekly off but have charged reliever charges, claiming to have paid extra salary to the guard.
Please confirm the ethical way for both sides, on the employer's part as well as the employee's part. I am waiting for your reply.
Thank you.
From India, Patiala
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3Please let me help on the topic. I'm working in a security agency and I have to quote rates to clients with the breakup of salary payable and statutory compliance. The mandatory components include EPF, ESI, Bonus, Leave with wages, and Gratuity. Additionally, there are other charges for weekly off (reliever charges).
Some agencies are quoting rates for 12 hours (with an extra charge for an additional 4 hours at normal rates, not as per overtime rules).
I am unsure about what percentage to charge for Leave with wages and gratuity, which are typically 4.17% and 4.81% respectively. I do not know the calculation behind these percentages.
I have attached the calculation for your reference. Please confirm the salary pattern as well. In a month, there are 30 days. Can any employee work 30 days straight in the attendance sheet or muster roll? I have seen cases where they mark 30 days of full attendance with no weekly off but have charged reliever charges, claiming to have paid extra salary to the guard.
Please confirm the ethical way for both sides, on the employer's part as well as the employee's part. I am waiting for your reply.
Thank you.
From India, Patiala
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Statutory Compliance of a Industrial or Commercial Unit.xls
Statutory-compl iance.pdf
Typical salary breakup.jpg