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In employer contribution of 12%, 8.33% transfer to EPS (Employee Pension Scheme) and 3.67% transfer to EPF (Employee Provident Fund). Over and above, employer has to bear 0.50% as administrative charges on EPF and 0.50% as EDLI (employer’s Deposit linked Insurance) Charges.
Employees' State Insurance Corporation (ESIC), established by ESI Act, is an autonomous organisation under Ministry of Labour and Employment, Government of India.As it is a legal entity, the corporation can raise loans and take measures for discharging such loans with the prior sanction of the central government and it can acquire both movable and immovable property and all incomes from the ...
Profession tax is the tax levied and collected by the state governments in India. It is a direct tax. A person earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, cost accountant, Software Engineer, lawyer, doctor etc. are required to pay this professional tax.
Bihar is one of the six states where bicameral legislature exists. Other states are Uttar Pradesh, Karnataka, Maharashtra, Telangana and Andhra Pradesh. The Bihar Legislative Council is Vidhan Parishad serves as the upper house and Bihar Legislative Assembly is Vidhan Sabha serves as the lower house of the bicameral legislature of the Indian ...
Entire recruitment to the service is made on the basis of an annual competitive examination conducted by Bihar Public Service Commission called BAS officers. There is no provision for entry into BAS through promotion from Circle Officers of Bihar Revenue Service (BRS) unlike in most states where Tehsildar and equivalent revenue officers are promoted into their state administrative service.
Provident fund is another name for pension fund.Its purpose is to provide employees with lump sum payments at the time of exit from their place of employment. This differs from pension funds, which have elements of both lump sum as well as monthly pension payments.
In the United Kingdom all employers, including self-employed persons, must register with HM Revenue and Customs. [1] In New Zealand, registration is made to the Inland Revenue. [2] In the United States, employers apply to the Internal Revenue Service to receive an Employer Identification Number. [3]
Location of Bihar. The following outline is provided as an overview of and topical guide to Bihar: . Bihar – state in East India. It is the 13th largest state in India, with an area of 94,163 km 2 (36,357 sq mi) and the 3rd largest by population; its population is the fastest-growing of any state.