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Srifintax is one of the leading payroll outsourcing companies in Hyderabad. We work with organizations of all types and sizes. Whether you have less than 10 employees or thousands of employees, we can take care of your payroll management. Our team includes experts in payroll compliance and labor laws. So, we help ensure that all the compliances are met. Our aim is to ensure that both the employee and the employer is happy. That’s why we have designed a self-service portal that the employees can access. This portal will allow employees to check their payslips, track deductions, reimbursements, taxations, bonuses, and other benefits. In case, they have any queries, they can raise tickets on the portal itself. The employers will also have a clear idea of payroll management. We can also customize the portal and the dashboard based on your organizational requirements.
Srifintax is one of the best payroll outsourcing companies in Hyderabad. The team makes use of the latest technology to manage the payroll operations. A team of an account manager, payroll executive, consultants for statutory compliance, help desk team help in managing the payroll processing.
Focus on building your business as we take care of the nitty-gritty details of payroll management. Contact us to know more about our payroll services in Hyderabad.
Provident Fund (PF) is one of the main platform of savings in India for nearly all people working in Government, Private or Public sector organizations. It is implemented by the Employees Provident Fund Organization (EPFO) of India. Registration has to be done within One month from the date of hiring 20th employees. PF is the best way to provide social security to the employees.
Provident Fund PF is largely an employee benefit scheme prescribed by the Government which provides facilities to the employees of an organization about medical assistance, retirement, education of children, insurance support and housing. It is created with the purpose to provide financial security and stability to employees.
Employees Provident Fund (EPF) is a scheme controlled by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. It is regulated by Employees’ Provident Fund Organization (EPFO). PF registration is applicable for all establishment which employs 20 or more persons. PF registration can also be obtained voluntarily by establishments having less than 20 employee.
Employee State Insurance Corporation or ESIC is a self-financing social security and health insurance scheme which provides medical benefit, sickness benefit, maternity benefit and various other benefits such as funeral expenses, free supply of physical aids etc. to the employees and their family.
Any factory or business establishment having 10 or more than 10 employees, irrespective of salary, have to register with ESIC. ESI contributions must be made for all employees having a salary of less than Rs.21,000 per month. Employees with less than Rs. 21,000 monthly wages get health and sickness benefits through this statutory scheme. The state government also contribute 1/8th share cost of the medical benefit.
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