Statutory

Bonus

Bonuses can be part of employee’s CTC but might not be paid out on a regular basis

Implementation
Updated 1 year ago by Implementation

Employee Provident Fund (EPF)

EPF is a retirement benefits scheme available to all employees. The main purpose of this scheme is to help employees save a fraction of their salaries every month (12% of Basic Pay + DA), so that they can use it when they retire or if they develop any disability.

Implementation
Updated 1 year ago by Implementation

Employee State Insurance (ESI)

What is Employee State Insurance (ESI) ? This is a self-financing social security and health insurance scheme applicable only to employees whose monthly salary is ₹21,000 or less. The employees’ cont…

Implementation
Updated 1 year ago by Implementation

Employee Welfare Fund

Employee Welfare Fund. Labor welfare fund is a statutory contribution managed by individual state authorities. Zenscale provides setting for state labor welfare board determines the amount of the con…

Implementation
Updated 1 year ago by Implementation

Exgratia

What is Exgratia ? Ex-gratia is given as a mark of compassion voluntarily. Usually, for the employees who are not covered under the Bonus Act, Ex-gratia is paid.Although for the employees who come un…

Implementation
Updated 1 year ago by Implementation

Gratuity

What is Gratuity ? Gratuity is a part of the salary that is received by an employee from the employer in gratitude for the services offered by the employee to the company. Overview :- An employee bec…

Implementation
Updated 1 year ago by Implementation

Contact