This Handbook provides an overview of federal laws addressing employer-employee rights and obligations. Information discussed includes wages & hours, discrimination, termination of employment, pension plans and retirement benefits, workplace safety, workers' compensation, unions, the Family and Medical Leave Act, and much more in 25 pages of materials.
Labour Laws For Epfo In Collin
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State:
Multi-State
County:
Collin
Control #:
US-002HB
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Structure of PF Form 11 Name of the employee. Date of birth of the employee. Father's/Husband's name. Gender. E-mail id. Mobile Number. Relationship of the employee with EPS and EPF schemes. Previous employment details such as the UAN, last working day, scheme certificate number.
Fill in the details of your family members, including Aadhaar number, name, gender, date of birth, relation, guardian's details (for minors), and address. Save the family details and use the "Add Row" option if you have more nominees. Select nominees from the list and allocate the total amount share for each nominee.
How to Fill PF Form 11 Member's name. Father's name. Date of birth. Gender. Marital status. Email Id and mobile number. Previous employment details such as the UAN, PF account number, date of exit. KYC details like bank account number, Aadhar number, PAN.
Who Can Contribute SalaryEmployer Contribution Rate (i) Employees aged below 60 years old and earns a salary of more than RM5,000 RM6,250 12% Employees aged 60 and over with a salary of less than RM5,000 RM1,000 4% Employees aged 60 and over with a salary of more than RM5,000 RM6,250 4%1 more row
While the EPF scheme would give you a lump sum retirement benefit, the EPS scheme would give you lifelong income. Both these schemes are, therefore, beneficial for the retirement planning of employees and help them create savings for their retirement.
The main rule for EPF wages is that they are capped at Rs. 15,000 per month. This means that regardless of your actual salary, only the first Rs. 15,000 of your basic salary + DA will be used to calculate your EPF contribution.
To understand how to calculate EPF, let us have an example. Employee basic salary + dearness allowance = Rs 14,000. Employee contribution towards the EPF = 12% 14,000 = Rs 1,680. Employer contribution towards the EPF = 3.67% 14,000 = Rs 514. Employer contribution towards EPS = 8.33% 14,000 = Rs 1,166.
Here's the breakdown for Malaysian citizens and permanent residents as of June 2024: Employees under 60 years old: Employee: 11% of their monthly salary. Employer: 13% of their monthly salary (if they earn RM5,000 or less) or 12% (if they earn more than RM5,000)