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’ contribution for ESI is 0.75% of Gross Pay and your contribution would be 3.25% of Gross Pay.
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Setting up ESI for your Organization
Navigate to Tax and Statutory Compliance → Statutory Components → Insurance. Select the Insurance Configuration tab and then click the Edit icon. The ESI employer contribution rate, employee contribution rate, and the monthly salary eligibility limit ...
Statutory Components
Tax and Statutory Compliances → Statutory Components The Statutory Components section in payroll is used to define and manage salary components that are mandated by law for compliance with government regulations. These include contributions and ...
Employee Type
Employee Type categorizes employees based on their employment status, work arrangement, or contract type. Navigate to CoreHR → Org Structure → Employee Type Click on +Add New and enter the details and click Save Fig: Add Employee Type Managing an ...
India Payroll — WorkWisely Knowledge Base
India Payroll — WorkWisely Knowledge Base India's payroll compliance landscape is one of the most layered in the world, governed by central legislation, state-level variations, and multiple regulatory bodies. WorkWisely's India payroll module is ...
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WorkWisely is an AI-powered Human Resource Management System (HRMS) built for organisations operating across multiple geographies. At the heart of WorkWisely's HR platform is a robust payroll engine that is purpose-built to meet the unique statutory, ...