Payroll management in India involves navigating a complex web of regulations and contributions. Two essential elements that every employer must grasp are the Provident Fund (PF) and Employee's State Insurance (ESI). These schemes, implemented by the government, aim to provide financial assistance to both employees and their families. The PF scheme
Understanding PF and ESI Importance for Payroll Compliance in India
Payroll management in India requires adhering to intricate legal requirements. Two key components of this compliance are the Provident Fund (PF) and Employee's State Insurance (ESI). Understanding the importance of PF and ESI is vital for every organization operating in India. The Employees' Provident Fund Organisation (EPFO) oversees the PF schem