Dear Seniors,
Please tell me about the process of depositing salaries of the employees into their bank accounts after the monthly paysheet is prepared. Additionally, kindly explain how to deposit the PF amount and ESI amount into the online portals of EPF and ESI websites.
Your help is greatly appreciated. Please assist me.
Thank you.
From India, Hyderabad
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Please tell me about the process of depositing salaries of the employees into their bank accounts after the monthly paysheet is prepared. Additionally, kindly explain how to deposit the PF amount and ESI amount into the online portals of EPF and ESI websites.
Your help is greatly appreciated. Please assist me.
Thank you.
From India, Hyderabad
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Salary Deposit Process
The process of depositing salaries into employee accounts can vary from bank to bank. It is advisable to check with your bankers for specific procedures. However, there may be a standard process that includes preparing a statement for each account (Name, Account Number & Amount) and providing a request letter to the bank stating the transfer of amounts to the respective accounts. Additionally, you would issue a cheque for the total amount in favor of the bank.
Online Payments for ESI & EPF
To make online payments for ESI and EPF, there is a lengthy process that involves return submission followed by payment.
If you need more details, you can reach me.
Regards
From India, Bangalore
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653The process of depositing salaries into employee accounts can vary from bank to bank. It is advisable to check with your bankers for specific procedures. However, there may be a standard process that includes preparing a statement for each account (Name, Account Number & Amount) and providing a request letter to the bank stating the transfer of amounts to the respective accounts. Additionally, you would issue a cheque for the total amount in favor of the bank.
Online Payments for ESI & EPF
To make online payments for ESI and EPF, there is a lengthy process that involves return submission followed by payment.
If you need more details, you can reach me.
Regards
From India, Bangalore
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