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15 June 2012 is PF and ESIC applicable on over time payment??

15 June 2012 Dear Sir/Madam
We have a family business that deals in manufacturing of plush toys in Vashi, Navi Mumbai. I have just joined about 2 years ago and I have come to the understanding that the Accounting and Paperwork of the company is totally out of order. Being from and engineering background I have zero knowledge about taking over and running a private ltd firm. But over the years I have a large understanding of most of the accounting and stocktaking processes.

I am in details help from anyone, who can help me online or offline for running the company properly. The folowing are the fields were I would be requiring assistance.

1. Various Taxes and Government Based Fees that I need to have/check I am already paying them. (VAT/Sales tax/Excise/Cess/Labour Laws/Shop Establishment/etc... if applicable)
2. How to calculate costing of my manufactured products before I can quote to clients and the elements that I need to consider in calculating them.
3. How to calculate various terms like Profit/Loss/Overheads and other applicable to manufacturing
4. Other variable that I may not know about.


Thanking you
Rohan Mehta




15 June 2012 ESIC IS APPLICABLE ON OVERTIME PAYMENT BUT, PF IS NOT APPLICABLE




15 June 2012 ESIC IS APPLICABLE ON OVERTIME PAYMENT BUT, PF IS NOT APPLICABLE

15 June 2012 PF isn't applicable on the OT paid.

Is the OT paid in cash or shown in the pay slip?

If paid by cash, ESIC isn't applicable on OT
otherwise it is applicable.



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