1. Provident Fund (PF):

Provident Fund is a crucial social security scheme designed to secure the retirement savings of employees. Under this scheme, both the employer and employee contribute a fixed portion of the salary every month. The accumulated fund earns interest over time and can be withdrawn under specific conditions, ensuring financial stability for employees after retirement.

2. Employee State Insurance Corporation (ESIC):

ESIC is a government-managed scheme that provides comprehensive health insurance, medical benefits, and financial protection to employees in case of sickness, maternity, or employment-related injuries. Both employers and employees contribute a small percentage of wages to the ESIC fund, enabling employees to access timely medical and financial support.

3. Professional Tax (PT):

Professional Tax is a state-imposed tax applicable to professionals, salaried employees, and traders. It is the responsibility of the employer to deduct PT from the salaries of employees and submit it to the state government on time. Compliance with PT ensures adherence to state tax laws.

4. Maharashtra Labour Welfare Fund (MLWF):

MLWF is a dedicated fund for the welfare of workers in Maharashtra. Employers contribute a fixed amount for each employee to support various social welfare initiatives and programs in the state. This fund helps improve the living and working conditions of employees across industries.