Академический Документы
Профессиональный Документы
Культура Документы
The concerned department gives the proceedings order for claiming the bill. The
department will submit the remuneration bill in the PAO (If the employee working in
the HOD) or any subordinate office of Treasury STO/DTO (If the employee working in
the subordinate offices). The treasury department will process the bill for payment
and the salary will deposit in the account of the agency. The agency will pay the
remuneration/salary from their account to the AP outsourcing employee bank account.
The salary should pay in the shape of Cheque only.
How much % of salary will deduct by the agency in the shape of EPF, ESI?
Here are two types of deducts and credits will be done. First one is Employee share
and the second one is Government share. The agency deducts 12% of EPF as employee
share in the salary of the employee and 13.61% of EPF will add by the agency share
(That means Government share). The employee share for ESI is 4.75% and the
Government share is 1.75%. The agency will charge service tax.