Free HR Generalist Training Seminar at i4best HR Institute in Kolkata.

Free #HR Generalist Training Seminar at #i4besthrtraining in Kolkata. Exciting Opportunity for Freshers & Experienced in HR to get exposure about practical Knowledge on PF,ESI,Gratuity, labour laws, payroll, PMS, etc

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Annual Leave and Holidays

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Paid Vacation / Annual Leave The Factories Act has provided annual/earned leave of 12 working days for all the workers who have worked at least 240 days in a year. However, the duration of earned/annual leave differs for the adult and young workers. An adult worker is entitled to one day of earned leave for every 20 days of service while a young worker (under the age of 15 years) is entitled to one day of earned leave for every 15 days of service. Thus, the annual leave duration is 15 working days and 20 working days for adult and young workers respectively.  Workers are paid their usual daily wage rates for the days of earned leave. A worker is paid his full daily wages during the term of annual leave. Daily wages are the average of his total full time earnings for the day on which he actually worked during the months immediately preceding his leave, exclusive of any overtime and bonus but inclusive of dearness allowance and the cash equivalent of advantage accruing th...
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What is Payroll Processing?

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I4BEST  Education will give you the practical indepth knowledge about the payroll concepts . in simpler terms it is processing the salary of the employees and the process involved is: Joining Formalities Updating Employee Database Taking care of employee database with regard to their date of appointment, address telephone numbers, references, employee department / code number, PF no, ESI no, performance parameters and incremental due dates. Monitoring employees leave eligibility, leave availed, leave availability and deductions wherever necessary. Taking care of employee’s corporate salary accounts with regard to filling account opening forms, along with PF, ESI and employment registration forms. Preparation of pay slips with regard to designing break-up of gross salary and taking care of statutory deductions such as PF, ESI, PT, TDS and other viz leave deductions and misc etc. along with conveyance and travel claims and salary disbursements. Preparation of summary ...
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