Dear all,
Presently, we are in the financial year ending, and we are revising the employees' CTC package. For the past 8 months, we have not been engaged in PF and ESI contributions because the employee strength was low. However, within 2 months, our strength is going to increase, so we are in a situation where we need to comply with statutory norms. I need to prepare a breakup for PF and ESI.
Kindly help me with the breakdown from BASIC to ESI percentage value, including where PF should be deducted and information on DA percentage.
This is very urgent. Please assist me in clearing up this confusion.
Thank you.
Presently, we are in the financial year ending, and we are revising the employees' CTC package. For the past 8 months, we have not been engaged in PF and ESI contributions because the employee strength was low. However, within 2 months, our strength is going to increase, so we are in a situation where we need to comply with statutory norms. I need to prepare a breakup for PF and ESI.
Kindly help me with the breakdown from BASIC to ESI percentage value, including where PF should be deducted and information on DA percentage.
This is very urgent. Please assist me in clearing up this confusion.
Thank you.