Labour Insurance
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The system displays the following in the “Access History” group box:
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Effective Period |
From the drop-down list box, select the effective period for the tax rate slab. |
Enter the following details in the multiline:
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Base LI Salary From |
The base salary of labour insurance from which the rate table is to be defined. |
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Base LI Salary To |
The base salary of labour insurance until which the rate table is to be defined. |
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Base LI |
The base salary of the labour insurance. |
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Employee Ordinary Ins % |
The ordinary insurance value of the employee specified in percentage. |
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Employer Ordinary Ins % |
The ordinary insurance value of the employer specified in percentage. |
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Employee Employment Ins % |
The employment insurance value of the employee specified in percentage. |
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Employer Employment Ins % |
The employment insurance value of the employer specified in percentage. |
Enter the following details:
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Modification Option |
Use the drop-down list box to specify the modification option. The combo is loaded with “Select”, “Correct” and “Update”. The system by default displays “Select” on launch of the page.
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New Effective From |
The new effective date of updated records. |
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Remarks |
Any remarks or additional information regarding the rate table details. |
Note: Modification Option: While modifying the rate tables applicable to any fund, you can use one of the two available modification options viz., “Correct” and “Update”. If you choose the Correct option, the changes you make will come into effect in the existing record itself. If you choose the Update option, the system closes the existing version of the record and will create a new record containing the changes you make. You are to specify a new effective date which will become the effective date for the new record.
Click the “Submit” pushbutton.
The system saves the labour insurance details.
