Dear Amit,
ESI stands for Employee State Insurance and is used for the benefit of the employee. If the gross salary of the employee is less than or equal to 10K, then it is applicable to the employee, and 1.75% of the amount will be deducted from the Gross salary. One can get medical benefits from the ESIC. For more details, please log on to esic.nic.in.
PF, which stands for Provident Fund, is applicable if the basic salary of the employee is less than or equal to 6500/-. 12% of the amount is deducted towards PF from the basic+DA, and this amount goes to the PF authority. The employer has to pay the same percentage, and they have to deposit the same into the PF Dept.
Payroll is a broad term that manages the salary part of every employee. In short, it includes the Salary structure, Taxation part, and reimbursement.
Regards,
Nirmal Kumar Sahu
From India, Bangalore
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10ESI stands for Employee State Insurance and is used for the benefit of the employee. If the gross salary of the employee is less than or equal to 10K, then it is applicable to the employee, and 1.75% of the amount will be deducted from the Gross salary. One can get medical benefits from the ESIC. For more details, please log on to esic.nic.in.
PF, which stands for Provident Fund, is applicable if the basic salary of the employee is less than or equal to 6500/-. 12% of the amount is deducted towards PF from the basic+DA, and this amount goes to the PF authority. The employer has to pay the same percentage, and they have to deposit the same into the PF Dept.
Payroll is a broad term that manages the salary part of every employee. In short, it includes the Salary structure, Taxation part, and reimbursement.
Regards,
Nirmal Kumar Sahu
From India, Bangalore
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What is the utility of ESI Card ??? I saw many times the add of ESI Card on TV .. Could anyone please tell me utility of ESI card ?? Sohan Aulakh
From India, Jalandhar
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From India, Jalandhar
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