Is the monitoring responsibility for PF and ESI accounts generally the responsibility of the Finance function or HR function of the company? What is the practice generally adopted?
Dear Mr. Balamurugan, Payment of ESI and EPF contributions is typically handled by the Finance Department, while uploading and compliance responsibilities are usually managed by the HR Department.
Dear Mr. Balamurugan, The HR Department is responsible for managing PF, ESIC, PT, and the Labor Welfare Fund. The Account Department is solely accountable for payment processing. It's important to note that PF, ESIC, PT, and the Labor Welfare Fund are within the jurisdiction of the HR Department.
Thank you.
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