ESIC Payment Challan Employers use the ESIC payment challan to deposit their ESIC contributions with the designated bank. It serves as proof of payment and contains essential details such as the employer’s name, address, ESIC code, the amount to be deposited, and the period for which the payment is being made on ESIC portal. … Read More »
How to Get ESIC Number Employee State Insurance Corporation (ESIC Number) plays a crucial role in ensuring the well-being of employees across various sectors in India. One of the fundamental aspects of ESIC is the provision of social security and healthcare benefits to employees and their dependents. Process to get ESIC Number 1. Check… Read More »
Employee Retention Bonus An employee retention bonus is a financial incentive offered to current employees to encourage them to stay with the company for a specified period of time. These bonuses can take various forms, such as cash bonuses, stock options, or additional benefits. The goal is to reward employees for their loyalty and commitment… Read More »
CTC VS Gross Salary CTC (Cost to Company): Cost to company represents the total expenditure incurred by a company on an employee annually. It encompasses not only the basic salary but also various allowances, perks, and benefits provided by the employer. Components: 1. Basic Salary: The foundational component of CTC, usually constituting a significant… Read More »
Salary Slip Components A Salary slip components is a document issue by an employer to an employee detailing their earnings and deductions for a specific pay period. It includes information such as basic salary, allowances, taxes, and deductions. Salary slips serve as proof of income and provide transparency in the employer-employee relationship. Salary Slips… Read More »
Importance of Gratuity Importance of Gratuity, Gratuity is a statutory benefit provided by employers to employees as a token of appreciation for their long and loyal service to the company. It is essentially a monetary reward given at the time of retirement or resignation, acknowledging the employee’s commitment and contribution to the organization. Eligibility… Read More »
Employee State Insurance Corporation (ESIC): Employee State Insurance Corporation (ESIC) is a self-financing social security and health insurance scheme for Indian workers. It is administered by the Employee State Insurance Corporation, a statutory body formed under the ESI Act, 1948. ESIC provides comprehensive medical care and cash benefits in times of sickness, maternity, disablement, or… Read More »
Provident Funds (PF) PF stands for Provident Funds (PF), a mandatory savings scheme in India for employees and employers. It aims at ensuring financial security for employees after their retirement. It includes contributions from both the employee and employer towards a dedicated provident fund account. Overview of the Public Provident Fund: 1. Purpose: The… Read More »
CTC meaning, component CTC meaning, component: CTC stands for “Cost to Company.” It refers to the total amount of money a company spends on an employee annually, encompassing not just the salary but also various allowances, bonuses, benefits, and perks provided to the employee as part of their compensation package. Component of CTC :… Read More »
India Election Dates 2024 State Assembly Voting Dates: Sikkim 19th April 2024 Arunachal Pradesh 19th April 2024 Odisha 13th May 2024 Andhra Pradesh 13th May 2024 Visit for more information: https://www.eci.gov.in/ Lok Sabha Election Voting Dates 2024 Phase Voting Date I 19th… Read More »