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, implemented by the government, aim to provide financial security to both employees and their families. The PF sch
Understanding PF and ESI Importance for Payroll Compliance in India
Payroll management in India necessitates 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 crucial for every organization operating in India. The Employees' Provident Fund Organisation (EPFO) oversees the PF