Answer Posted / s.koteeswaran
SI and PF are statutory requirement. Every company or
institution should contribute 12% on the basic wages of the
employees as the employer contribution apart from deducting
the same amount from the employees salary. At the same time
an additional 1.61% is to be contributed by the employer
towards Administration charges, inspection charges and DLI
charges.
Regarding ESI employer has to contribute 4.75% of the gross
salary and 1.75% to be deducted from the employees on the
gross salary.
Payroll is nothing but the salary details of the employees
| Is This Answer Correct ? | 31 Yes | 0 No |
Post New Answer View All Answers
Explain the different advantages and disadvantages of internal audit?
Explain intangible assets?
HOW TO DO LEDGER SCRUTINY?
what are procedure we need to do at the time ACTO VISIT FOR AUDIT OF VAT .
1.tell me five points of check list of an audit. 2.what do you checking in statutory audit.five main points. 3.what do you checking in internal audit five main points. 4.which five major points checking according to caro.
What is non statutory audit?
how to prepare the internal audit sheet ? explain me with example. (take example of LOGISTICS& SUPPLYCHAIN MANGEMENT COMPANY)
Tell me that how I can evaluate the internal control audit?
What was your most rewarding accomplishment of your career and why
what is the steel consumption per sq ft for ground plus 12 floors
why auditors are not true and faire statement of account
How can scope of internal audit help you?
What techniques used during an audit?
Audit strategy based
What are the objectives of internal audit?
