HR Audit Query

well.. a queue of question eh?

cant answer all ..

but shall try :)

1. gratuity - 15/26*last drawn salary*length of service (if gratuity Act1972 is applicable to her establishment)

2. limited to my knowlegde..supperannuation is the termination of job of an employee at the attainment of certain age. say 60 yrs. <ppl usually use retirement and supperannuation interchangeably>

3.PF is a payment made by every employee and employee to the fund. employee can contribute @ 10% or above of his basic wages, DA and retaining allowance. However employer is bound to contribute at 10%. the PF fund is administed by Central Govt.

Thanks Aparna

Originally posted by : Aparna Raja K.C
	well.. a queue of question eh? cant answer all .. but shall try :) 1. gratuity - 15/26*last drawn salary*length of service (if gratuity Act1972 is applicable to her establishment) 2. limited to my knowlegde..supperannuation is the termination of job of an employee at the attainment of certain age. say 60 yrs. 3.PF is a payment made by every employee and employee to the fund. employee can contribute @ 10% or above of his basic wages, DA and retaining allowance. However employer is bound to contribute at 10%. the PF fund is administed by Central Govt.