Dear Friends,
I am new to HR field and very new to statutory compliances, infact i can say i dont have any knowledge about statutory compliances, please can anybody help me out.
Regards,
V.Vinutha.
From India, Bangalore
3I am new to HR field and very new to statutory compliances, infact i can say i dont have any knowledge about statutory compliances, please can anybody help me out.
Regards,
V.Vinutha.
From India, Bangalore
hi dear...
Statutory compliance is one very important aspect of HRD...
We have lot many good posting on citehr related to this...
it includes all labour laws plus legal and income tax/tds and all...
Kindly be specific with your questin...so that our friends could answer your queries.....and do go through earlier posting as wel...
Regards,
Chaitali
From India, Vadodara
Statutory compliance is one very important aspect of HRD...
We have lot many good posting on citehr related to this...
it includes all labour laws plus legal and income tax/tds and all...
Kindly be specific with your questin...so that our friends could answer your queries.....and do go through earlier posting as wel...
Regards,
Chaitali
From India, Vadodara
Hi...
The statutory compliance is really a very important aspect of HRD and one with generalist profile must have informations about the same.. For some help i am describing regarding ESI and PF Act.....
The formalities for ESI is you must have a strength of 20 employees, no matter whether they are getting salary more than 10000/- or lesser. As maxcimum ceiling of ESI contribution is upto 10000/- Gross/Month only. Those getting 10001/- will be exempted from the ESI.
Yes ESI and ESIC is same. ESIC stands for Employee State Insurance Corporation..
The Employer should get the Factory or Establishment registered with the ESI Corporation within 15 days of the applicability of ESI Act. The declaration of registration is to be filled in form 01, along with a separate sheet containing the name and address of the Establishment, number of employees, nature of duty and name, designation and address of the manager controlling such persons, in respect of office situated outside. After been satisfied with the application the ESI regional office will allot a code number to the employer.
After that only you can register your emplyees with the ESI. They have to fill up a declaration form FORM 1, written clearly Male or Female. All the declaration forms should be counter signed by the employer.
Then prepare a return of declaration in form 3 separate for Male & Female within 10 days of filling of declaration form.
Then every employee shall be alloted an temporary identification number.
To get registered with the PF department also the minimum number of employee should be 20.
Every employer of an establishment to which the Employee Provident Fund Act applies, should submit in Form 5A(in duplicate) to the commisioner, particulars of all the branches and departments, owners, directors, partners if any or any other person who is controlling its affair within 15 days of its applicability of the scheme.
On receipt of Form 5A, the commisioner shall verify the particulars submitted and after been satisfied shall allot an Establishment Code No.
Regards,
Amit Seth.
From India, Ahmadabad
The statutory compliance is really a very important aspect of HRD and one with generalist profile must have informations about the same.. For some help i am describing regarding ESI and PF Act.....
The formalities for ESI is you must have a strength of 20 employees, no matter whether they are getting salary more than 10000/- or lesser. As maxcimum ceiling of ESI contribution is upto 10000/- Gross/Month only. Those getting 10001/- will be exempted from the ESI.
Yes ESI and ESIC is same. ESIC stands for Employee State Insurance Corporation..
The Employer should get the Factory or Establishment registered with the ESI Corporation within 15 days of the applicability of ESI Act. The declaration of registration is to be filled in form 01, along with a separate sheet containing the name and address of the Establishment, number of employees, nature of duty and name, designation and address of the manager controlling such persons, in respect of office situated outside. After been satisfied with the application the ESI regional office will allot a code number to the employer.
After that only you can register your emplyees with the ESI. They have to fill up a declaration form FORM 1, written clearly Male or Female. All the declaration forms should be counter signed by the employer.
Then prepare a return of declaration in form 3 separate for Male & Female within 10 days of filling of declaration form.
Then every employee shall be alloted an temporary identification number.
To get registered with the PF department also the minimum number of employee should be 20.
Every employer of an establishment to which the Employee Provident Fund Act applies, should submit in Form 5A(in duplicate) to the commisioner, particulars of all the branches and departments, owners, directors, partners if any or any other person who is controlling its affair within 15 days of its applicability of the scheme.
On receipt of Form 5A, the commisioner shall verify the particulars submitted and after been satisfied shall allot an Establishment Code No.
Regards,
Amit Seth.
From India, Ahmadabad
Dear Vinutha,
Statutory Compliances is very big subject and required continous reading the act, labour reports & practical knowledge. By overnight , you can not become expert.
Keep on reading material & get exposed in day to day activites.
regs
Bhushan
From India, Mumbai
Statutory Compliances is very big subject and required continous reading the act, labour reports & practical knowledge. By overnight , you can not become expert.
Keep on reading material & get exposed in day to day activites.
regs
Bhushan
From India, Mumbai
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