What is the process of PF and ESI return and challan, and how much you knowledge of excel and related HR field.

Question

Accepted Answer

The process of PF and ESI return and challan involves calculating and depositing employee contributions, preparing returns, and generating challans.

Calculate the monthly PF and ESI contributions based on employee salaries and applicable rates.
Deduct the employee contributions from their salaries and deposit them along with the employer contributions to the respective authorities.
Prepare and file monthly/quarterly returns with the PF and ESI departments, providing details of employee contributions, wages, etc.
Generate challans for depositing the contributions and submit them to the banks authorized by the PF and ESI departments.
Maintain accurate records of PF and ESI contributions, returns, challans, and other related documents.
Proficiency in Excel is essential for managing and analyzing HR data, preparing reports, and maintaining records.
Knowledge of Excel functions like VLOOKUP, PivotTables, and data validation can greatly enhance HR operations and analysis.
Using Excel, HR professionals can create employee databases, track attendance, manage payroll, and generate various HR reports.

Popular interview questions of Senior HR & Admin Executive