Dear Seniors Its compulsory to deducted both ESIC & PF with Daily wages employee which we hire for our site projects.
From India, Indore
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1From India, Indore
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ESIC and PF Deduction for Daily Wage Employees in India
In India, the regulations regarding ESIC (Employee State Insurance Corporation) and PF (Provident Fund) are applicable to employees, including those on daily wages. Here are the key points to consider in this scenario:
1. ESIC Deduction:
- ESIC is mandatory for employees earning a daily wage up to a specified limit set by the ESIC authorities.
- Employers are required to deduct ESIC contribution from the daily wages of eligible employees and contribute their share as per the prescribed rates.
- Failure to comply with ESIC regulations can lead to penalties and legal consequences.
2. PF Deduction:
- The PF Act also covers employees on daily wages, and it is compulsory for establishments with a minimum number of employees to provide PF benefits.
- Employers need to deduct the PF contribution from the daily wages of eligible employees and contribute their share to the PF account.
- It is crucial to ensure timely and accurate PF deductions to avoid penalties and maintain compliance with the law.
3. Compliance Requirements:
- As an employer in Indore, India, it is essential to adhere to the ESIC and PF regulations to protect the rights and benefits of your daily wage employees.
- Regularly monitor changes in the ESIC and PF rules to stay updated on any modifications that may impact the deductions for daily wage workers.
4. Consultation:
- If you are unsure about the specific requirements or calculations related to ESIC and PF deductions for daily wage employees, consider seeking guidance from a professional HR consultant or legal advisor.
- Proper consultation can help ensure accurate compliance with the legal provisions and avoid any potential issues in the future.
By following the prescribed ESIC and PF deduction guidelines, you can fulfill your obligations as an employer and provide essential social security benefits to your daily wage workforce in accordance with Indian labor laws.
From India, Gurugram
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In India, the regulations regarding ESIC (Employee State Insurance Corporation) and PF (Provident Fund) are applicable to employees, including those on daily wages. Here are the key points to consider in this scenario:
1. ESIC Deduction:
- ESIC is mandatory for employees earning a daily wage up to a specified limit set by the ESIC authorities.
- Employers are required to deduct ESIC contribution from the daily wages of eligible employees and contribute their share as per the prescribed rates.
- Failure to comply with ESIC regulations can lead to penalties and legal consequences.
2. PF Deduction:
- The PF Act also covers employees on daily wages, and it is compulsory for establishments with a minimum number of employees to provide PF benefits.
- Employers need to deduct the PF contribution from the daily wages of eligible employees and contribute their share to the PF account.
- It is crucial to ensure timely and accurate PF deductions to avoid penalties and maintain compliance with the law.
3. Compliance Requirements:
- As an employer in Indore, India, it is essential to adhere to the ESIC and PF regulations to protect the rights and benefits of your daily wage employees.
- Regularly monitor changes in the ESIC and PF rules to stay updated on any modifications that may impact the deductions for daily wage workers.
4. Consultation:
- If you are unsure about the specific requirements or calculations related to ESIC and PF deductions for daily wage employees, consider seeking guidance from a professional HR consultant or legal advisor.
- Proper consultation can help ensure accurate compliance with the legal provisions and avoid any potential issues in the future.
By following the prescribed ESIC and PF deduction guidelines, you can fulfill your obligations as an employer and provide essential social security benefits to your daily wage workforce in accordance with Indian labor laws.
From India, Gurugram
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Clarification On PF Deduction For Indian Employees (International Workers) Returning From Foreig.pdf
PF ESIC.xls