There is a reduction in the contribution under the ESI Act. The government has reduced the contribution to 4% from 6.5%. This was done to increase the expected take home salary of the workers and also reduce the…
Every employer who is covered under this Act must adhere to various compliances. The employer has to make sure that the monthly contribution is deposited for the filing of half yearly return and report to the ESIC authorities.…
ESI is a self-financing social security and healthcare benefit that is given to Indian workers. This fund is managed by the Employee State Insurance Corporation according to the rules that are listed out in the ESI Act 1948.…
ESI is a health and social security scheme that requires 3.25% of gross salary as employers’ contribution and 0.75% as employee contribution which aggregates to 4% of the monthly contribution. The benefits of the ESI scheme include Medical…
The employer who is a part of the EPF Scheme has certain tasks that he needs to fulfil. With the introduction of UAN and online portal, these tasks have become much easier. PF registration The employer has to…
Employee Provident Fund scheme comes under the Employees Provident Fund and Miscellaneous Act. 1952. Every company that employs 20 or more than 20 employees will fall under the Employee Provident Fund Scheme. List of documents required for Provident…
EPF is generally a scheme that is introduced to provide wider benefits for the employees on the completion of their employment. Every company that employs 20 or more employees falls under the EPF scheme. Here is the compliance…
The employee provident fund is a popular investment scheme for people working in a private sector. This scheme has many other added benefits apart from tax saving. Read through the benefits of Employee Provident Fund Scheme Tax free…
The financial services industry plays an important role in the world’s economy. The industry as a whole is vast, encompasses many types of businesses, and includes companies engaged in activities such as investing, lending, securities trading, asset management,…