EPF OverviewIntroduction to the Employees' Provident Fund and Miscellaneous Provisions Act, 1952. Applicability to establishments and employees (threshold: 20+ employees). EPF's role in employee retirement benefits.
Employee contribution: 12% of basic salary + dearness allowance. Employer contribution: 12% of basic salary + DA (divided as 8.33% to Employees’ Pension Scheme and 3.67% to EPF). Calculation of EPF on basic salary and DA. Higher voluntary contributions and their impact on final settlement.
Form 2: Nomination and declaration form. Form 5: Declaration of new employees joining the scheme. Form 10: Declaration for employees leaving service. Form 19: Application for withdrawal of EPF. Form 10C: Application for pension withdrawal. Form 13: Transfer of EPF from one employer to another.
ECR (Electronic Challan cum Return): Monthly submission of EPF contributions online via the EPFO portal. Due date for EPF submission: 15th of every month. Penalties for late payments.
EPF Contribution Calculations
EPF Forms
EPF Challans & Returns
ESI OverviewOverview of the Employees’ State Insurance Act, 1948. Applicability to employees earning ₹21,000 or less (in specified industries). Coverage for sickness, maternity, injury, and death benefits.
Employee contribution: 0.75% of gross salary. Employer contribution: 3.25% of gross salary. ESI calculation based on gross wages (including overtime, allowances, etc.).
Form 1: Declaration Form. Form 6: Register of employees covered under ESI. Form 22: Accident Register (for workplace injuries). Form 16: Application for claiming sickness benefits.
Monthly contribution payment using ESI Challans. Online submission of ESI contributions via the ESIC portal. Filing ESI returns (quarterly and annual returns) and keeping track of compliance dates.
ESI Contribution Calculations
ESI Forms
ESI Challans & Returns
Gratuity OverviewApplicability of the Payment of Gratuity Act to organizations with 10 or more employees. Gratuity as a retirement benefit for employees completing 5+ years of service.
Formula: (Basic Salary + DA) × (15/26) × Number of years of service. Maximum gratuity limit (₹20 lakhs as per current law). Treatment of partial years in service (more than 6 months = full year).
Form I: Application for gratuity by an employee. Form F: Nomination form for gratuity benefits. Form L: Application for gratuity by legal heir in case of death.
Filing returns and maintaining records of gratuity payments. Timeline for payment of gratuity (within 30 days from termination or retirement).
Gratuity Calculation
Gratuity Forms
Gratuity Compliance
Overview of Equal Remuneration ActEnsuring equal pay for men and women doing the same or similar work. Prohibition of gender-based wage discrimination.
Maintaining records of wages paid to male and female employees. Reporting requirements to labor authorities. Penalties for non-compliance.
Compliance with Equal Remuneration Act
Overview of Workmen Compensation ActCompensation for workers injured or deceased due to accidents or occupational diseases in the course of employment. Applicability to employees not covered under the ESI Act.
Factors in calculating compensation: wages of the employee, the extent of injury, and age. Types of compensation: For death, permanent total disability, permanent partial disability, and temporary disability.
Form A: Employer’s report of fatal accidents. Form B: Notice of injury by an employee. Timelines and penalties for delayed or non-payment of compensation.
Compensation Calculation
Forms and Compliance
Factories Act, 1948Compliance with labor standards, including working hours, safety, health, and welfare. Maintaining registers related to wages, attendance, and working hours.
Ensuring benefits like paid maternity leave, protection from dismissal, and health benefits for female employees. Applicability to women employed in factories, shops, and establishments.
Establishment of minimum wage rates for different employment sectors. Ensuring compliance with wage rates prescribed by the state government.
Regulations governing employment terms for employees in shops and commercial establishments. Rules regarding working hours, holidays, and leave policies.
Maternity Benefit Act, 1961
Minimum Wages Act, 1948
Shops and Establishments Act
