This video explains about payroll system in organisation,component of payroll,payroll softwares,statutory compliance concept and different statutory compliances required for payroll system.labour laws in india. ------------------------------------------------------------------------Correction1: Employer contribution for pf is 8.33(pention fund)+3.67(pf fund) =12% of basic salary.Correction 2:ESI contribution % has been changed w.e.f.1july2019.new contribution rates for e.si employee(0.75)+employer(3.25)=4℅(total). The new code on social security is also about to come so some more changes may also occur. ------------------------------------------------------------------------------------------------------------------------------------------------ facebook page https://www.facebook.com/STUDY-HRM-291699325091540/ ------------------------------------------------------------------------------------------------------------------------------------------------ My recommended book for HRM preparation- https://amzn.to/2mL5N1S -----------------------------------------------------------------------------------------------------------------------------------------------for other videos please go through these linksPotential appraisal|difference between potential and performance appraisal- https://youtu.be/HPSbUTpZIt8 Net, Jrf preparation day 6|5min series- https://youtu.be/aGbDTXFwxpU Net,Jrf preparation day 5|5min series- https://youtu.be/pc6GjnoXeok Net,Jrf preparation day 4|5min series- https://youtu.be/RBlq0WAwLPU Net,Jrf preparation day 3|5min series- https://youtu.be/0vGAs8kXpBo Net,Jrf preparation day 2|5min series- https://youtu.be/gI3S3E0wKMQ Net,Jrf preparation day 1|5min series-https://youtu.be/F1HfqWppZiM Human resource development- https://youtu.be/QDAdwwOVa6A Human Resource Accounting - https://youtu.be/PLfZ38JODeA Function of HRM- https://youtu.be/4LGFpngZXAc HR-AUDIT- https://youtu.be/gh91Yf9sV1Q International human resource management (part-1)- https://youtu.be/7abB-C0G2eI International human resource management (part-2)- https://youtu.be/7abB-C0G2eI Recruiting yield pyramid- https://youtu.be/Uy7F9-qU-8A Human Resource Management- https://youtu.be/6VTZb4Hn5vA