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Provident Fund (PF): A Key Pillar of Financial Security

The Provident Fund (PF) is one of the most important social security schemes in India, designed to provide financial stability to employees during retirement and emergencies. Managed by the Employees’ Provident Fund Organisation (EPFO), PF ensures savings throughout an employee’s career, creating a safety net for the future. What is a Provident Fund? The PF […]

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Payroll Management: Importance, Challenges & Modern Solutions for Businesses

Payroll: The Core of Employee Satisfaction and Business Compliance Payroll is not just about disbursing salaries; it is the process that ensures employees are paid correctly, statutory obligations are met, and businesses operate smoothly. A well-managed payroll system builds trust, enhances employee satisfaction, and safeguards an organization against compliance risks. What is Payroll? Payroll refers

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Employee State Insurance (ESIC): Benefits, Eligibility & Compliance

What is ESIC? The Employee State Insurance Corporation (ESIC) is a government-run social security scheme designed to provide financial protection and medical benefits to employees in India. Established under the ESI Act, 1948, it ensures that workers and their families receive healthcare, cash benefits during sickness, maternity, disability, and support in case of employment-related injuries.

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Employment Linked Incentive (ELI) Scheme / Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY)

Introduction The Employment Linked Incentive (ELI) Scheme, also known as the Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY), is a government initiative introduced to boost formal employment in India. It incentivizes employers to create new jobs and support workforce growth, particularly in the organized sector. This scheme not only provides financial relief to employers but

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Scheme to Promote Registration of Employers/ Employee (SPREE)

The SPREE (Scheme to Promote Registration of Employers and Employees) was launched by the Employees’ Provident Fund Organisation (EPFO) as a special drive to encourage formal employment. Its primary goal is to bring unregistered employers and workers under the social security net of the Employees’ Provident Fund (EPF) and Employees’ State Insurance (ESI). By increasing

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