PF ESIC, Labour Law, & Labour License Consultant For Employee Empowerment
Connect 2 Payroll provides consultations on new registrations, license procurement, compliance, and record maintenance according to the below-mentioned provisions of law:
PF & ESIC
We act as a PF ESIC Consultant to companies. Provident fund provides a security blanket for employees after retirement. These funds are kept aside every month by deducting a sizable amount from the employee's salary and an equivalent contribution from their employer's end. This practise is mandatory under the Employees' Provident Funds & Miscellaneous Provisions Act, 1952 (PF).
The ESIC or Employees' State Insurance Act aims to protect the employees of a given company against incidences like developing an illness, going through maternity, suffering a disability, or death due to accidents at the workplace. A PF ESIC consultant like us will streamline and manage these processes for your employees by Connect 2 Payroll consultant and company.
Tax & Welfare Fund
We provide consultancy to employers on matters of professional tax and help them in all the related tasks about tax on Trades, Callings, Professions, and Employments.
Many state legislatures have enacted the Labour Welfare Funds Act (LWF), concentrating on the welfare and living standards of the workers. This Act includes several kinds of services, benefits, as well as contributions from both the employee and employer's end.
Compliances
Contract Labour compliances are important to regulate and monitor the employment of workers on a contractual basis. In practice is enforced through the Contract Labour (Regulation and Abolition) Act, 1970.
The Minimum Wages Act, 1948, takes care of all the labor laws concerned and insists that a set minimum wage should be paid to all. On the other hand, the Payment of Bonus Act, 1965 provides employers a blueprint on the bonus payable to an employee in proportion to their salary or wage.
A gratuity is a benefit plan provided by an employer to their employees for rendering services for five years or more. This is a monetary benefit that is accumulated and given to the employee at the time of their retirement for safety. The Payment of Gratuity Act, 1972, also allows an employee eligible to collect their gratuity even before their departure.
According to the Factories Act, 1948, which amended by Factories Act, 1987, policies have been formulated in Indian concerning occupational safety and health of workers in factories in India.
At Connect 2 Payroll, we will act as a PF ESIC consultant, Labour Law Consultant, and Labour License Consultant for thriving companies, and help them manage company laws and compliances better.
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