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 »
Ayushman Bharat Yojana (ABY / PMJAY) Ayushman Bharat Yojana, also known as the Pradhan Mantri Jan Arogya Yojana (PMJAY), is a flagship healthcare scheme launched by the Government of India in September 2018. Here’s all you need to know about Ayushman Bharat Yojana: 1. Objective: The primary objective of ABY is to provide financial protection… Read More »
Health or Medical Insurance The Insurance in India is a type of insurance policy that provides financial coverage for medical expenses incurred due to illness, injury, or hospitalization. Key aspects of Health or Medical Insurance in India: 1. Types of Policies: Health insurance policies in India come in various forms, including individual health insurance, family… Read More »
Non-statutory deductions Non-statutory deductions also known as voluntary deductions, are deductions that are not required by law but are made from an employee’s wages or salary at their request. Examples include: 1.Health and life insurance premiums 2.Retirement plan contributions 3.Union dues or professional association fees 4.Charitable contributions 5.Wage advances or loans 6.Uniforms or work-related equipment… Read More »