Payroll|Statutory Compliance|laws related to payroll system|compensation management
#hrpayroll #studyhrmbydishachaturvedi #statutorycompliance
This video explains about payroll system in organization, component of payroll, payroll softwares, statutory compliance concept and different statutory compliances required for payroll system. labor laws in India.
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🔶Correction1: Employer contribution for pf is 8.33(pension fund)+3.67(pf fund) =12% of basic salary.
🔶Correction 2:ESI contribution % has been changed w.e.f.1july2019.new contribution rates for e.si employee(0.75)+employer(3.25)=4℅(total).
The new code on social security is also about to come so some more changes may also occur.
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This video is being created to help candidates who are preparing for any government sector exam in HR discipline/ MT recruitment exam/officer recruitment. This videos will be useful for UPRVUNL ARO vacancy, ONGC GT hr/pro recruitment 2023, December net 2023,net code 55 and 17.human resource govt. and private exams.
🔶previous questions which have been asked in different govt. exams are available here.🔶
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