20co111 Internship Report
20co111 Internship Report
On
Of
UNIVERSITY OF MADRAS
BY
Reg No : (2013411036111)
2022-2023
Internship Report
On
Of
UNIVERSITY OF MADRAS
BY
Reg No : (2013411036111)
2022-2023
CERTIFICATE
This is to certify that the internship report on “A Study about Human Resource field at
“AMPHONEL OMNI CONNECT INDIA PVT. LTD ’’ submitted by P. Berlin Sofiya in
partial fulfilment of curriculum of B.COM (General) course 2020-2023, Shrimathi
Devkunvar Nanalal Bhatt Vaishnav College for Women, Chennai-600044 is her original
work.
B.Com ( General ).
ACKNOWLEDGMENT
The successful completion of the internship would not have been
possible without the guidance and support of many people. I express my
sincere gratitude to my principal Dr. R. Geetha, M.Sc., M.Phil., Ph.D.,
for giving me an opportunity to study in this esteemed institution.
I would like to express my acknowledgement to Dr. R. Savithri, M.Com., M.Phil., Ph.D., for
allowing to do my internship and ensuring the opportunity.
I would like to extend my sincere thanks to K. Keerthana M. Com., Head of the department,
commerce for providing support.
I extend my heartfelt thanks to all faculty members of the department for their constant support
and inspiration throughout the project.
I Would also thank the almighty god for Continuous Blessing Through out My Endeavours
.
DECLARATION
PLACE :
DATE :
1 Chapter 1 INTRODUCTION
5 Chapter 5 CONCLUSION
INTRODUCTION
INTERNSHIP :
There are internships for high school, undergraduate, and graduate students. In simple terms, it is
a temporary opportunity Offered by many companies and organizations to young, deserving
students to work for us as interns, usually for a fixed period of between one to three months.
It will provide every student with first experience of a professional work environment, conduct,
culture and etiquette, especially one of the things to be done while we are unemployed.
Internships give us a taste of what a profession is like, help you build our resume and let us
meet people who can help us in our career.
For students, the internship experience could lead to a job offer. An internship enables you to
gain first-hand exposure of working in the real world. It also allows students to harness the skill,
knowledge, and theoretical practice they learnt in university. We can acquire endless amounts of
education in your life.
In view of the increasing demand in the Indian Telecom sector and in a bid to keep ourselves
ready and prepared for increasing customer demand, corporate of Amphenol has set up a new
facility in Chennai India by the name of Amphenol OmniConnect India Pvt. Limited.
Leveraging on the years of expertise Amphenol R.F Danbury U.S.A (R.F Components and cable
assembly), Amphenol ConneXus Sweden (Power, Data & signal cable assembly), Amphenol
Antenna Solutions Rockford USA, Amboise France (Mobile tower Antennas) & Amphenol
Tuchel (Mobile Phone Components & Industrial Connectors) and inline with the corporate vision
have setup their assembly lines in this new facility at Maraimalai Nagar Chennai.
Amphenol RF India is the world’s largest manufacturer of coaxial connectors for use in radio
frequency, microwave, and data transmission system applications. Headquartered in Danbury,
Connecticut, USA, Amphenol RF has global sales, marketing and manufacturing in North
America, Asia and Europe and Chennai is a newly added manufacturing location in Amphenol
RF’s global foot print.
REGISTERED ADDRESS :
Maraimalai Nagar,
Kilkaranai Village,
Chengalpattu Taluk,
Kanchipuram District,
Recruitment
Payroll Process
Training and Development
Employer Relation
Administration
RECRUITMENT :
In human resource, “recruitment” is the process of finding and hiring the best and most qualified
candidate for a job opening, in a timely and cost-effective manner. It can also be defined as the
“process of searching for prospective employees and stimulating and encouraging them to apply
for jobs in an organization”. Recruitment helps divide applications into categories of under-
qualified and over-qualified. This helps streamline the process, making it easier to shortlist
people who would be perfect for the job and would help the company grow.
Types of Recruitment :
Internal Recruitment
External Recruitment
PAYROLL PROCESS :
Payroll means the company’s financial record of payments made by the employer to the
employees, including wages, bonuses, salaries, incentives, etc. The company must prepare an
employee’s payroll for all its employees from the time they are hired till retirement/resignation.
Processing payroll without delays in accordance with various statutory compliances is a
significant activity of a company. In India, payroll processing refers to the steps involved in
calculating the total remuneration of each employee of the company/organization. It is an
overwhelming process as it consists of calculation of gross salary, bonuses, net salary, daily
wages, Provident Fund (PF) payment, professional tax payment, Tax Deduction at Source (TDS),
allowances, etc., that are part of each employees’ monthly salary payment.
EPFO - Employees Provident Fund Organization
EPF - Employees' Provident Funds
EPS - Employee Pension Scheme
EDLI - Employees' Deposit Linked Insurance Scheme
ESI – Employees’ State Insurance Scheme
HRA – House Rent Allowance
LTA – Leave Travel Allowance
EPFO is one of the World’s largest Social Security Organizations in terms of clientele
and the volume of financial transactions undertaken. The Employees’ Provident Fund came into
existence with the promulgation of the Employees’ Provident Funds Ordinance on the 15th
November, 1951. It was replaced by the Employees’ Provident Funds Act, 1952. The
Employees’ Provident Funds Bill was introduced in the Parliament as Bill Number 15 of the year
1952 as a Bill to provide for the institution of provident funds for employees in factories and
other establishments. The Act is now referred as the Employees’ Provident Funds &
Miscellaneous Provisions Act, 1952 which extends to the whole of India. The Act and Schemes
framed there under are administered by a tri-partite Board known as the Central Board of
Trustees, Employees’ Provident Fund, consisting of representatives of Government (Both
Central and State), Employers, and Employees.
Employee Provident Fund (EPF) is a scheme in which you can create wealth
throughout your working years as an employee at a government or private organization. This
amount earns interest, and you can use it to finance a part of post-retirement life or other goals.
Contribution towards EPF :
EPS full form is Employee Pension Scheme and it is offered to employees whose basic
salary plus dearness allowance is up to Rupees 15, 000. Under the EPS scheme, the employer
contributes 8.33% to the scheme, not the employee.
Employee State Insurance (ESI) scheme is a social security scheme that insures
employees of establishments that qualify under the ESI Act. The ESI contribution in respect of
an employee comprises both the employer’s contribution and the employee’s contribution.
Leave travel allowance (lta) is one of the important components of the salary
structure that helps in saving income tax. Lta can be claimed for travel fare or tickets within
India only, expenses incurred for accommodation, or any other fee will not be eligible for
exemption.
ADMINISTRATION :
GST :
GST, or Goods and Services Tax, is an indirect tax imposed on the supply of goods and
services. It is a multi-stage, destination-oriented tax imposed on every value addition, replacing
multiple indirect taxes, including VAT, excise duty, service taxes, etc.
In simple words, GST is a tax applicable to the value added to goods and services at each stage
in the supply chain.
TYPES OF GST :
There are four types of GST namely,
CGST stands for Central Goods and Services Tax. CGST is a tax charged on the intrastate
supply of goods and services by the central government and is governed by the CGST Act,
2017. SGST will also be levied on the same Intra State supply but will be governed by the State
Government.
SGST means the state goods and Service tax, which is one of two taxes that is levied on
the intrastate transactions of the goods and the services. It is responsible for the state government
and will be governed by the SGST Act.
IGST stands for Integrated Goods and Services Tax. IGST is one of the three
components of Goods and Services Tax. It is numerically equals = CGST + SGST. The IGST
rate would broadly be equal to CGST rate plus SGST rate.
IGST would be levied by the Central Government on all inter-State transactions of taxable goods
or services. IGST rate= CGST rate + SGST rate ( more or less).
GSTIN :
Business entities need to register under GST and obtain a unique 15-
digit Goods and Services Tax Identification Number (GSTIN).
For Example : 29GGGGG1314R9Z6
The first two digits represent the state code as per Indian Census 2011. Every state has a
unique code.
The next ten digits will be the PAN number of the taxpayer.
The thirteenth digit will be assigned based on the number of registration within a state.
The last digit will be for check code. It may be an alphabet or a number.
LIMIT OF CSR :
It is mandatory for the companies covered under section 135(1) of the Companies Act,
2013 to spend 2% of their net profit over the proceeding three years as per the CSR policy.
SKILLS ACQUIRED
LIMITATION OF INTERNSHIP
COMMUNICATION SKILL :
EXPERIENCE OF WORK :
TEAM SPIRIT :
The better we work with others, the more successful our team will be in achieving their
goals.
LIMITATIONS :
We the Interns are viewed as a temporary labour we were given basic routine works
Instead of teaching new works of Human Resource Field, We were given recurring work.
We were given basic work like data entry, filing profiles of the employees which do not tend to
improve our skill.
The firms were not ready to take interest. Students found it difficult to choose a place for
internship. The Internship Period may be reduced to weeks.
CONCLUSION
I can honestly say that my time spent interning with AMPHENOL OMNICONNECT
INDIA PVT.LTD resulted in one of the best part of my life. My expectation on this internship
learning outcome are mostly fulfilled when I am doing my internship period. Overall, my
internship at this Company has been a success. I was able to gain basic skills of Human Resource
field, work in a fantastic environment, and made connections that will last a lifetime.
APPENDIX :