This document describes the rules for ESI and PF Deduction where ESI is Employee State Insurance (ESI) and PF is the Provident Fund (PF). These are two social security schemes available to employees working in India. We have often found that Payroll administrators face challenges in identifying the most updated standards in these 2 areas – leading to wrong deductions and deposits, queries from government departments, the dreaded scrutiny, and even fines.
Statutory management is a creation designed to deal with complex corporate failure where ordinary rules of law and insolvency cannot deal with the problems.
A human resources management system or human resources information system or human capital management is a form of human resources software that combines a number of systems and processes to ensure the easy management of human resources, business processes, and data.
Policies and procedures are designed to influence and determine all major decisions and actions, and all activities take place within the boundaries set by them. Procedures are the specific methods employed to express policies in action in the day-to-day operations of the organization.
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