Simplifying Taxation in India
One need to deposit the money in the accounts of ESIC and PF every month. In a firm where the ESIC and PF are on, it is must to deposit the money on time because in ESIC, the interest and penalty rate is very much high. So there is a complete list to when and where … Read more
The Statutory compliance requirement for ESI deduction is as follows:pf esiESI fund, maintained by ESIC is applicable to employees earning Rs 15,000 or less per month to provide the cash and medical benefits to them and their families. This fund is a contributory fund in which both the employer and employee contribute 4.75% and 1.75% … Read more