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

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.