Payroll management in India involves navigating a complex web of regulations and contributions. Two essential elements that every employer must comprehend are the Provident Fund (PF) and Employee's State Insurance (ESI). These schemes, established by the government, aim to provide financial assistance to both employees and their families. The PF s
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Understanding PF and ESI: Essential Payroll Compliance in India
Payroll handling in India can be intricate, particularly when it comes to adhering to statutory requirements like the Employees' Retirement Plan (PF) and Employees' State Insurance Scheme (ESI). These schemes are designed to safeguard the financial well-being of employees, requiring contributions from both employers and employees. In order to ensu