Do not use short forms or initials for anything what is plain to one person is meaningless to another. Get out of the accounting and bookkeeping business if you cannot tell the difference between and expense and a liability.
how i can write the application of late submission of pf form bcoz already 3 times already submitted but company refuse my pf form almost 7 year past when i left the company
== == Cost to company in brief means all the cost which the company incurrs for maintaining the employee. This generally includes not just the salary which the employee draws at the end of the month but also includes all the other components like 1. Employer contribution to PF 2. Employer contribution for insurance / pension schemes 3. meal subsidies 4. travel subsidies etc. This may not neccessarily form part of the salary slip, but are taken into consideration for computing cost to company
Salary a/c Dr.12,000 Salary Payable 9,600.00 PF Employee Contbn. 2,400.00 (being Salary Payable for the month of May 2012). Salary Payable A/c Dr. 9,600.00 to Bank 9,600.00 (being Salary Paid for the month of May 2012) PF Employee Cotbn. 2,400.00 PF Employer Contbn 2,600.00 To Bank 5,000.00 (Being the PF Amount Paid for the month of May 2012) Contact SGC Management Services - ESI PF Consultant For Best Consult
A PF account is a long term savings account that employees of an Indian company may contribute to. In most cases the financial institute can provide balance information in house. You may also be able to check it online.
That would be a breach of their fiduciary duties.
ER Stands for the Employer Contribution in your PF Amount.
no!
Contribution refers to the amount of money that gets deposited into the pf account
Every year company will provide PF Statement which contains your PF Contribution amount, Company's Contribution amount, total amount and Interest
12% of the basic salary
No. The only thing you can do online with respect to PF is - check your current balance.
No. It is set at a minimum of 12% of the employees basic salary
It allows for the estimation of the greenhouse effect and the formation of clouds.
many millions of dollars & a big, compassionate heart.
An employee whose drawing wage or basic salary has upto rs 6500/- responsible to pay pf contribution 12 % from employer & employee respectively.
Measure the voltage, current and power. The PF is power/(volts x amps).
Power factor measures the phase difference between voltage and current. If they are in phase the Power Factor is one. If the current and voltage are out of phase the power factor is between zero and one. You can describe the PF by saying the current lags the voltage with a PF = .8 or the voltage leads the current with a .8 PF.