Some Lesser Known Facts about ESI and PF Deduction for Statutory Compliance
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Employees form the crux of any company. The operational framework that determines the legal conditions for employers to treat their employees is called statutory compliance. Under this framework, employers must satisfy two important requirements and they are: ESI Deduction and PF Deduction. Statutory Compliance Requirement for ESI Deduction The 6.5% ESI fund that is calculated on