TOP 250+ Statutory Compliance Interview Questions and Answers 20 July 2019 - Statutory Compliance Interview Questions - Wisdom Jobs India

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Compliance is comes with many elds like HR,
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Questions
university/blue-
Question 1. What Is Pf Year?
prism-interview-
Answer : PF accounting is done questions.html)
from March to
February of every year. This period is called as
Bootstrap 4 PF
Interview
Year. This is applicable only to PF and does not
questions
have any effect in any other modules.
university/bootstrap-
Question 2. Does Every Employee Contribute To
4-interview-
Pf?
questions.html)
()
Answer :
Business
According to the PF rules (as of 2004), all
☰ employees who draw a PF Basic of less than Rs.
administration
Interview
15000 have to contribute to PF. This is mandatory.
questions
For employees having PF Basic more
(https://www.wisdomjobs.com/) than Rs.
15000, the deduction/contribution will be on
university/business-
Search for Jobs... 15000. However in most companies,
administration-
PF is 
interview-
applicable to all employees. There are exceptions
questions.html)
(people who do not contribute) but these are few.
Business Analyst
Interview
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questions.html) analyst-interview-
questions.html)
Question 3. What Is Pf Basic Or Pf Business

Gross? Finance
Interview
Answer : This is the amount on which the PF
questions
contribution or deduction is calculated. Generally
in 95% of the companies this is Basic + Basic
Arrears + DA + DA Arrears. However,nance-interview-
there are
questions.html)
always exceptions and some companies want it
Chartered
to be a little different. In that case, we can change
accountant
the PF Basic formula to cater to the client's
Interview
requirements. questions
Question 4. What Are The Various Reports
university/chartered-
Associated With Pf? accountant-
interview-
Answer : PF Monthly report: This is a
questions.html)
report that needs to be generated
Data analyst
every month and it contains the
Interview
details of Employee PF, Employer PF,
questions
VPF, and PF Basic for the employee.
university/data-
Based the numbers appearing in this
analyst-interview-
report, the company needs to make
questions.html)
payments to the government every ()
month.
Datareport
PF - Form 5: This is a monthly science
☰ giving a list of all employees who
Interview
questions
have joined the company in the
current month. Based on anuniversity/data-
(https://www.wisdomjobs.com/) option
setting, this report can also science-interview-
indicate
Search for Jobs... questions.html)
all the employees whose payroll has 
been processed for the rstDatabase

time in
Interview
this month.
questions
PF - Form 10: This is a monthly
report giving a list of all employees
university/database-
who have left/resigned the company
interview-
in the current month. Basedquestions.html)
on an
option setting, this report can
EMCalso
Interview
questions
indicate all the employees whose PF
has been settled in this month.
university/emc-
PF - Form 12A: This is a monthly
interview-
report giving a summary of questions.html)
the
number of employees currently
DevOps Interview
covered under PF, total contribution
Questions
for the month, and other details.
university/devops-
interview-
report giving a summary of questions-
all the PF
deductions (employee and employer)
answers.html)
done for the employee in a given PFInterview
Ethernet
Year. questions
university/ethernet-
report giving a summary of Form 3A
interview-
per employee. This report gives the
questions.html)
total deductions done for each
Ethical Hacking
employee in a given PF Year.Interview
questions
university/ethical-
hacking-interview-
()
questions.html)
ERP Tools
☰ HR Management Tutorial Interview
questions
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69.html)
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tools-interview-
Search for Jobs... Question 5. What Are The Various Options
questions.html)
For Pf 
Form 10? ETL Testing

Interview
Answer : Form 10 can be generated based on
Questions
either Leaving Date or Settlement Date. This can
be set in the General Options. The option name is
university/etl-
testing-interview-
USE_SETTLEDATE_IN_FORM10. If you set this
questions.html)
option to YES then the Form 10 report will list all
Finance
employees who are settled in the given Interview
date
questions
range. Otherwise, it will pick up all employees who
have resigned in the given date range.
university/ nance-
interview-
questions.html)
HR Management Interview Questions
GitHub Interview
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university/github-
interview-
Question 6. What Is The Link Between Pf And
questions.html)
Income Tax?
Hadoop Interview
Answer : As per Indian Tax laws,Questions
any
contribution done by the employee (https://www.wisdomjobs.com/e-
towards PF
university/hadoop-
can be considered for Section 88 rebate.
interview-
In Folklore, any deduction done for PF and VPF is
questions.html)
automatically considered for Section 88 rebate in
Housekeeping
the Income Tax module.
Interview
questions
Question 7. What Are The Various Esi Reports?
Answer : ESI Monthly report: thisuniversity/housekeeping-
report is
interview-
generated monthly. This gives the total
questions.html)
deductions/contribution (employee and employer) ()
done for each employee for a month.
HTML 5 Interview
ESI Form 6: this is a half yearly report.
☰ questions
ESI Form 7: this is also a half yearly report.
university/html-5-
(https://www.wisdomjobs.com/) interview-
Performance Management Tutorial
questions.html)
university/performance-management-
IBM Cognos
tutorial-2597.html) Interview
questions
Time Management Interview Questions
university/ibm-
cognos-interview-
university/time-management-interview-
questions.html)
questions.html)
Interior Designing
Interview
Question 8. What Are The Other Rules Governing
questions
Esi? (https://www.wisdomjobs.com/e-
university/interior-
Answer : ESI contribution stops when the
designing-
employee's gross income crosses Rs. 15000/- (up
interview-
to May 2010 this was 10000) questions.html)
This stoppage of ESI cannotInsurance

happen
Interview
in any month. The change over from
questions
ESI deduction to No ESI deduction
can happen only in 3rd (March) or 9th
university/insurance-
(September) month i.e. eveninterview-
if an
questions.html)
employee's salary crosses, 10000 in
Inventory planning
July, the ESI deduction will continue
until August. Interview
questions
In the September payroll, the
employee's ESI deduction will be zero
university/inventory-
(as has crossed Rs. 10000/-).
planning-
The comparison of income interview-
is done
questions.html)
with Full Income and the calculation
of ESI is done on the actual Java Interview
payout
Questions
(income).
()
university/java-
interview- But
Question 9. An Employee Has Esi Deduction
☰ Is Not Appearing In The Esi Report. What Could
questions.html)
Be The Issue? Jenkins Interview

Questions
Answer : ESI report considers a (https://www.wisdomjobs.com/e-
eld called ESI
Eligibility. An employee name will display in the
university/jenkins-
interview-
ESI report only if marked as ESI Eligible in
questions.html)
employee information.
JMeter Interview
Verify if PF Eligible and ESI Eligible are selected in
Questions
the Employee Information page of your
application. university/jmeter-
interview-
questions.html)
O ce Management Interview Questions
Joomla Interview
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university/o ce-management-interview-
university/joomla-
interview-
Question 10. What Is Esi Rules?
questions.html)
Answer : ESI. Scheme being contributory in
Legal Interview
nature, all the employees in the factories or
questions
establishments to which the Act applies shall be
insured in a manner provided by theuniversity/legal-
Act. The
interview-
contribution payable to the Corporation in respect
questions.html)
of an employee shall comprise of employer’s
Linux Interview
contribution and employee’s contribution at a
questions
speci ed rate. The rates are revised(https://www.wisdomjobs.com/e-
from time to
time. Currently, the employee’s contribution rate
university/linux-
interview-
(w.e.f. 1.1.97) is 1.75% of the wages and that of
questions.html)
employer’s is 4.75% of the wages paid/payable in
Marketing
respect of the employees in every wage period.
Interview
Employees in receipt of a daily average wage up
questions
to Rs.70/- are exempted from payment of
contribution. Employers will however contribute
university/marketing-
their own share in respect of these interview-

employees.
questions.html) ()
Maven Interview
Question 11. What Are The Rates For
☰ Contribution (deduction) To Esi?
Questions
Answer : For employees, ESI deduction rate is
university/maven-
1.75% of the ESI Gross salary. interview-
questions.html)
For employer, ESI contribution is at the rate of
MongoDB
4.75% of the ESI gross salary.
Interview
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MSBI Interview
Question 12. What Is Esi Gross Salary?
Questions
Answer : Generally, all the income components
university/msbi-
paid to an employee is considered for ESI Gross
interview-
computation. In Folklore, ESI Grossquestions.html)
is de ned by
the user. User indicates which income
Pharmacology
components are to be considered for ESI Gross.
Interview
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327708)
PHP+MySQL
Interview
Question 13. How To Do Pf ProcessQuestions
For My
Existing Employees Using Greythr On A Monthly
Basis? university/php-
mysql-interview-
Answer : Payroll → Process Payroll → Quick
questions.html)
process (Your payroll will be processed here)
PL/SQL Interview
Go to Reports → Search for ECR → Select
Questions
‘PF - ECR Format’ Report from the search
university/pl-sql-
result → then, Select ‘Regular’ as a type →
interview-
Click generate ECR le
questions.html)
Then a text le is downloaded on your ()
system, PF admin user should login to PF
Project
Uni ed Portal and upload the generated ECR
☰ Management
text le from greytHR
Interview
questions
Question 14. How To Do Pf Process For Resigned
(https://www.wisdomjobs.com/) (https://www.wisdomjobs.com/e-
Employees Using Greythr? university/project-
Search for Jobs... Answer : Under Employee tab →management-
Information 
interview-
→ Separation → Select the employee and
questions.html)
furnish the resignation details (tentative
Python Interview
relieving date etc.,)
Questions
Once employee has left the organisation
(after serving his notice period)university/python-
do the
following: interview-
Payroll → Payroll Inputs → Finalquestions.html)

settlement
Quality
→ Select the employee → Finish the Analyst
Interview
settlement process
questions
Payroll → Process Payroll → Quick process
(Your payroll will be processed university/quality-
here)
Go to Reports → Search for ECR → Select
analyst-interview-
questions.html)
‘PF - ECR Format’ Report from the search
result → then, ‘Exit Employees’ ReactJS Interview
as a type →
Click generate ECR le questions


university/reactjs-
Then a text le is downloaded on your
interview-
system, PF admin user should login to PF
questions.html)
Uni ed Portal and upload the generated ECR
RF Engineer
text le from greytHR Interview
questions
Question 15. Where To Enter The Uan Number In
university/rf-
Greythr?
engineer-
Answer : Under Employee → Information
interview- → PF
Details add all the details questions.html)
Payroll → Process Payroll → Quick Ruby Interview

process (Your
questions
payroll will be processed here)
()
university/ruby-
Go to Reports → Search for ECR →interview-

Select ‘PF -
☰ ECR Format’ Report from the search result →
questions.html)
Sailing
then, ‘New Joinees’ as a type → Click Interview
generate
questions
ECR le
Then a text le is downloaded on your system, PF
university/sailing-
interview-
admin user should login to PF Uni ed Portal and
questions.html)
upload the generated ECR text le from greytHR
Sales Interview
questions
Hr Generalist Interview Questions(https://www.wisdomjobs.com/e-
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interview-
SAP FICO
Question 16. How To Do Pf - Process For A New
Interview
Entrant To Your Organisation Who Has Never
questions
Been Previously A Contributing Member Of Pf
university/sap-
Using Greythr:?
co-interview-
Answer : Login to greytHR → goquestions.html)
to Actions tab
→ Select the ‘Add employee link’ →Sap
Enroll an
Hybris
employee into greytHR by lling in all his
Interview
Questions
necessary details, under the PF section - enable
‘Eligible for PF’ (Select ‘Regular PF Contribution
university/sap-
(Max 1800)’ (or) ‘Excess PF Contribution (Above
hybris-interview-
1800)’) questions.html)
Once you click ‘ nish’ after enrollingServices
an employee,
on the same screen under related action select
Marketing
‘Add Salary’ Interview

questions
Enter only the Annual CTC of the employee
(System will automatically do the component wise
university/services-
salary breakup) marketing-
interview-
PF Admin user needs to login to → Uni ed PF
questions.html)
Portal with relevant KYC for the new member →
Soap UI Interview
Upload them and generate UAN Questions ()
university/soap-ui-
Enter the generated UAN number and the PF
☰ interview-
number in greytHR
questions.html)
Solaris
Question 17. What If Family Pension FundInterview
Or Fpf
questions
Or Employee Pension Scheme Or Eps?
Search for Jobs... Answer : The contribution madeuniversity/solaris-
by an 
employer towards PF is split into contribution

interview-
questions.html)
towards PF and contribution to another scheme
called Pension Scheme. Solid Works
Interview
questions
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Question 18. I Have An Error Whileanswers.html)
Exporting
Form 3a - (form 3a) To Edi Format.Sta
What
ngDo I
Interview
Verify? questions
Answer : Verify if the ODBC driver for PHP is ng-
university/sta
installed on the PC, where the export is
interview-
questions.html)
happening. This is needed as the EDI le is
generated in DBF format. Tally Interview
questions
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