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