1. Welcome to Presentation Legal framework on Compensation Structure

3. Labour is one of the principal factors of production in all kinds of establishments whether big or small, organized or organized, industrial or commercial. With a view to ensure job security and satisfaction the lobour to give them their due wages alongwith certain employment benefits and to prevent exploitation of labour by the capitalists, several legislations have been made covering a number of aspects concerning labour Introduction

8. Terms related to the Act Contribution Employer’s contribution to PF & Pension Fund 12% of wages, etc Employer’s contribution to EDLI Fund 0.5% of wages, etc Employee’s contribution to PF & Pension Fund 12% of wages, etc C. Govts contribution to Pension Fund 1.16% of wages, etc Interest accrued The amount deposited in PF, Pension Funs & EDLI Fund is invested in specified securities. The rate of interest is determined by the C. Govt which is 9% p.a. at present