PF calculation - esi calculation on salary -statutory compliance in HR

[WINHRMPAYROLL CLOUD HRM PAYROLL SOFTWARE]

Features of PF Calculation software :

1.Provident fund: Provident Fund or PF is a compulsory contributory fund for future employees. It works as a corpus fund generated through regular and monthly contributions made by an employee and employer. A minimum of 12% is calculated from the basic component of the employee’s salary and contributed as PF is deducted from the CTC. The cumulative contribution of employer and employee will be added to the PF account of the employee, which can be en-cashed for future purposes. Companies will have to stay EPFO complaints once they have 20 or more employees.