Is the PF and ESI accounts monitoring responsibility generally lies with Finance function or HR function of the company. What is the generally adopted practice.
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Dear Mr Balamurugan, Payment of ESI, EPF Contributions is normally done by Finance Dept. Uploading, Compliance responsibility is normally done by HR Dept.
From India, New Delhi
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631From India, New Delhi
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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.
From India, Warangal
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Thank you.
From India, Warangal
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(Fact Checked)-The responsibility for monitoring PF, ESI, PT, and Labour Welfare Fund generally lies with the HR function, not the Finance function. (1 Acknowledge point)