Professional Documents
Culture Documents
19
To be submitted by a member to withdraw his PF dues on leaving service / retirement / termination In the event of death of member, this form is to be used by a
20
accumulation
For the use of PF members to avail advances / withdrawals as provided in the scheme
31
Applicability
Non seasonal Factories using power in and Employing ten (10) or More persons. Non seasonal and non- power using factories and establishments employing twenty(20) or more persons Employees of the Factories and Establishments in receipt of wages not exceeding Rs.7500 /- Per month are covered under this Act. Contribution raised from Insured Employees and their employers
Employees Contribution 1.75% of the Wages Employers Contribution 4.75% of the Wages Employees in receipt of an average daily wage of Rs.40/- or Less, are exempted from Payment of their share of contribution (w.e.f 8.4.00) but are entitled to all social security benefits under the Scheme.
Applicability
The maximum amount payable per year is Rs.2,400/- and in line with your salary, there are predetermined slabs. It is paid by every member of staff employed in private companies. It is subtracted by the employer each month and sent to the Municipal Corporation. It is compulsory just like income tax. You will be eligible for income tax deduction for this payment.
Profession tax are exempted in the following cases, Senior Citizen above 65 years age is tax exempt. Person suffering from permanent physical disability. Parent of a child suffering from physically disability. Parent of a mentally retarded child.
How do I generate PF Form R1, 12A, 5, 10, 3A, 6A, Monthly Statement, Challan Reports?
All PF calculations
Complete ESI including limit checking and changeover period PT slabs of all states pre-built and updated whenever changes occur
PF Configuration
PF Options can be configured as per requirements
Details given here will be linked to the employee PF calculation policy, which will be recorded in the Employee information page.
Professional Tax
PT or Prof Tax refers to a tax levied by the state government on working professionals. This is a nominal tax based on the income of the employee.
Under List of Values > Employee Categories, Location can be mapped with the State
Periodic reports
PF Form 3A, 6A ESI Form 6, 7 Income Tax Form 16 Income Tax Form 24Q , 24 PT Form 5A Labor Welfare Fund - Form D Register of Adult Workers PF contribution card for each employee Annual statement of contribution Half Yearly returns of contribution Half yearly returns - Register of employees Income Tax statement for employees Quarterly Returns of Income Tax Annual Returns of Income Tax Annual Statement Yearly Returns
Statutory Reports
Greytip Online has a comprehensive reports module that enable you to generate all Payroll Statutory Reports.
Select the report and enter the particulars Report can then be downloaded