formality and documents require

[Guest]

dear experts

                  i  want to know that what formality and legal documents have require in HR Deptt.

and with it i want to know that Is PF and ESIC applicable on over time or performance incentives ?

Regard

Vikram

[Harish Chander Bhatia]

Both of the Act ESI  and  EPF have different type of requirements. please confirm from which stage you want to maintain the record. Secondly ESI and EPF both are applicable on overtime and incentive , but if the incentives is not paid on monthly basis and instead paid on quarterly or higher frequency , the ESI will not be applicable

[Guest]

I have require for both PF and ESIC. and if any other information require regarding to HR Deptt., please specify..

Regard

Vikram singh

AI Summary

PF and ESIC Apply to Overtime and Incentives; ESIC Excludes Quarterly Incentives. Learn More About HR Requirements. An individual inquired about the formalities and legal documents required in the HR department, specifically regarding the applicability of Provident Fund (PF) and Employees' State Insurance Corporation (ESIC) on overtime and performance incentives. An expert clarified that both PF and ESIC have different requirements and are applicable to overtime and incentives. However, if incentives are paid quarterly or less frequently, ESIC is not applicable. The individual sought further information on PF and ESIC requirements and any additional HR-related details.