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Showing posts from May, 2020

Impact of PF Contribution's Relief to Employers and Employees

In May'2020. Government has announced to reduce PF contribution's from 12% to 10% for both the Employees and Employers. It will be applicable only for 3 months. Employer contribution will be paid by Government. Whereas Employee contribution will be paid by Employee themselves.  Now, how it will increase your inhand salary.  Eg. 1st case- If your old PF Contribution was 1800(12% of 15000). Now it will be 1500(10% of 15000). So in hand salary will increase by 300.  [Note-If in the Appointment Letter or Offer Letter mention about Gross Salary. And there is nothing mentioned about Employer Contribution or the Salary break up is not in the form of CTC.] 2nd Case-If in the Appointment Letter or Offer Letter mention about CTC. And there is mentioned about Employer Contribution also. Then taking the same above example your in hand salary will increase by 600. To calculate the same as per government announcement. Goto PF Deduction Column of Salary Slip.  《{(Old PF amount / 12)*100}*10%》

Government Support for Employees Regarding Salary Not been Paid for March'20 & April'20

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During this COVID-19 many Employees are not been paid salary for the month of March & April,2020. Government has provided the following mail id & phone number. Employees can directly connect with them and resolve their issue regarding salary if not paid or there is irrelevant deduction. For March'20 every employee should be paid 31 Days. Whether there was lock down from 23rd March,2020. For Reference click on this link- Lock Down Complaint Centre Details [Note-If your city is not mentioned kindly connect with capital of your state or nearby city.] Kindly give your feedback/suggestions/query in Comment Section below.