🇮🇳India

PF/ESIC अनुपालन लागत

2 verified sources

Definition

Contract labor classification under new Labour Codes requires tracking wages, PF/ESIC applicability.

Key Findings

  • Financial Impact: ₹1,800-5,000 per misclassified contractor/month + 25% penalty
  • Frequency: Monthly payroll
  • Root Cause: Manual wage threshold tracking for PF applicability

Why This Matters

The Pitch: Think Tanks face ₹3-7 लाख extra annual cost from contractor PF/ESIC non-compliance. Automation classifies workers correctly.

Affected Stakeholders

HR, Accounts

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Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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