10+ Micron Tooling Interview Questions and Answers

ESIC and EPFO contribution rates for employer and employee.

• ESIC contribution rate for employer is 3.25% and for employee is 0.75% of the employee's salary.

• EPFO contribution rate for employer is 12% and for employee is 12% of the employee's basic salary.

• ESIC is applicable for employees earning up to Rs. 21,000 per month and EPFO is applicable for all employees.

• Employers with less than 10 employees can opt for the Atal Pension Yojana instead of EPFO.

Yes, a debit note can be raised and filed on the GST portal.

• A debit note can be raised when there is an increase in the value of taxable supply.

• It can be filed on the GST portal by logging in and selecting the 'Debit Note' option.

• The details of the debit note such as the recipient's GSTIN, invoice number, and date must be provided.

• The debit note must also be linked to the original invoice for which it is being raised.

• Once filed, the recipient will receive a notification and c...read more

Depreciation on fixed assets can be booked using various methods such as straight-line, reducing balance, and sum-of-the-years' digits.

• Depreciation is the allocation of the cost of a fixed asset over its useful life.

• Straight-line method charges an equal amount of depreciation each year.

• Reducing balance method charges a higher amount of depreciation in the early years and lower in later years.

• Sum-of-the-years' digits method charges a higher amount of depreciation in the early ...read more

There are 4 types of TDS return.

• Form 24Q for salaries

• Form 26Q for payments other than salaries

• Form 27Q for payments made to non-residents

• Form 27EQ for TCS

Bank reconciliation is the process of comparing a company's bank statement with its own financial records to ensure accuracy.

• Bank reconciliation involves comparing the bank statement with the company's own financial records.

• It helps to identify any discrepancies or errors in the financial records.

• The process involves matching transactions, such as deposits and withdrawals, between the two records.

• Any differences are then investigated and resolved.

• Bank reconciliation is import...read more

A Single Line Diagram (SLD) of a 33/11 kV switchyard shows the layout and connections of electrical equipment.

• Key equipments include transformers, circuit breakers, isolators, busbars, surge arresters, and control panels.

• Transformers step down voltage from 33 kV to 11 kV for distribution.

• Circuit breakers protect the system from overloads and short circuits.

• Isolators are used for isolating equipment for maintenance.

• Busbars distribute power within the switchyard.

• Surge arresters...read more

Gravels are used in switch yards to provide a stable surface for equipment and to improve drainage.

• Gravels help in reducing the risk of equipment damage due to flooding or standing water.

• They also help in preventing erosion and maintaining the stability of the ground.

• Gravels are easy to install and maintain, making them a cost-effective option for switch yards.

• They allow for better heat dissipation, which is important for electrical equipment.

• Gravels can also help in reducing...read more

Closer billing condition refers to the payment terms that are agreed upon between the client and the service provider.

• It specifies when the payment is due and under what conditions

• It is usually agreed upon before the project starts

• It can be based on milestones or time-based

• Example: 50% payment upon completion of design phase and remaining 50% upon project completion

OC and SC tests are conducted on transformers to determine their efficiency and performance under different load conditions.

• OC test (Open Circuit test) is conducted to determine the no-load loss and magnetizing impedance of the transformer.

• SC test (Short Circuit test) is conducted to determine the full-load copper loss and equivalent resistance of the transformer.

• Both tests help in evaluating the efficiency and voltage regulation of the transformer.

• Results from these tests ar...read more

Billing conditions refer to the terms and conditions related to payment for goods or services provided.

• Billing conditions may include payment due dates, late fees, and accepted forms of payment.

• They may also specify the frequency of billing, such as monthly or quarterly.

• In some cases, billing conditions may be negotiated between the provider and the client.

• For example, a software development company may require a deposit upfront and then bill hourly or by milestone.

• Another ex...read more

Threshold limit of TDS refers to the maximum amount of tax that can be deducted at source.

• The threshold limit for TDS varies depending on the type of payment being made.

• For example, the threshold limit for TDS on salary payments is Rs. 2.5 lakhs per annum.

• For TDS on rent payments, the threshold limit is Rs. 2.4 lakhs per annum.

• If the payment exceeds the threshold limit, TDS is deducted at the applicable rate.

• The threshold limit is revised periodically by the government.

• Failin...read more

To ensure dispatches on time, proper planning, communication, and monitoring are essential.

• Create a detailed dispatch plan with clear timelines and responsibilities

• Communicate the plan to all stakeholders and ensure everyone is aware of their role

• Monitor the progress of dispatches regularly and address any delays or issues promptly

• Use technology and automation to streamline the dispatch process

• Maintain a buffer time to account for unforeseen circumstances

• Regularly review and ...read more