Your Registration will be taken care of by trained & experienced graduates and verified by Independent and highly qualified professionals. So a strict concept of Maker and Checker is followed by us.
We provide the most affordable PF and ESIC registration service, and you will save almost 60% of the total cost of registration.
We provide a Legal Compliance Dashboard that acts as your secretary for legal work and intimates you about the upcoming compliances. This will make sure that you do not miss any of the compliance.
Our team will collect relevant employee data and documents required for Provided Fund registration.
Based on the details send by you, our team will fill all the forms and create legal documents.
Prior to submitting the documents, we will send the same to you for final review.
Once documents are submitted, you will get PF number of your organisation.
EPF registration is mandatory for the following type of establishments:
- Any factory is employing more than 20 persons during any period, including contract employees.
- Every other establishment employing 20 or more persons as may be notified by the Central Govt.
- Every other establishment employing less than 20 persons as may be notified by the Central Govt.
The central government has notified 187 types of establishment for whom the Employees Provided fund Act is applicable. Various establishments notified by the government include Electronic Media Company, Computer, and Software Industry, Cleaning and sweeper, All schools, college, building and construction, etc.
Any business that is registered under this act at any time will be liable to do compliance under this act even if the employee count falls below 20 people. A business that does not meet the criteria above can choose to voluntarily register with the EPFO if both employers and employees are willing to do so.
Applicability of an employee : Every employee whose salary (Basic + DA) is less than INR 15,000/- is liable to register under the PF Act. However, in the future, the wages might include HRA along with basic pay and DA, and the government might raise the limit.
Our team will collect relevant employee data and documents required for Provided Fund registration.
Based on the details send by you, our team will fill all the forms and create legal documents.
Prior to submitting the documents, we will send the same to you for final review.
Once documents are submitted, you will get ESIC number of your organisation.
The ESI scheme applies to all factories and other establishments as defined in the act with ten or more people employed in such an establishment.
The central government has notified the following organization who shall also comply with the ESIC Act: Shops, Hotels and Restaurants, Cinemas including preview theatres, Road-motor transport undertakings, Newspaper establishments, Establishments engaged in Insurance Business, Non-Banking Financial Companies, Port Trust, Airport Authorities, WarehousingPrivate, Medical and Educational institutions.
The threshold limit for a minimum number of employees is 20 in the case of Maharashtra and Chandigarh.
Applicability of an employee : Any employee whose gross salary is up to Rs. 21,000 per month can avail this with the help of his employer, and the same is mandatory to register under the ESIC scheme.
Both PF& ESIC registration is a centralized and online registration system. It remains the same for all the states throughput country and hence your location doesn’t matter.
Employee and employer make an equal contribution to 12%. PF and EPS (Employees’ Pension scheme) are calculated on basic salary, dearness allowance (DA), cash value of food concession, and retaining allowances if any. However, based on the recent Supreme Court Judgment, the salary shall include Basic + Monthly allowance also.
| Contribution | Employee | Employer |
|---|---|---|
| Provident Fund | 12% | 3.67% |
| Employee Pension Scheme | 0% | 8.33% |
| Exemptions | (I) No tax exempt (II) Eligible for deduction under 80C |
Tax Exempt |
In case if the salary is more than 15,000 P.M, then contribution is restricted up to INR 1800 Per Month based on the employee discretion.
It is mandatory for employees drawing basic salary up to INR 15,000/- to register and contribute to the provident fund and employees drawing above 15,000/- have the option to register or not.
Yes, it is beneficial for the employees since the contribution made by an employee is allowed as a deduction and that of an employer is not taxed. Additionally, it is an excellent scheme for saving as it has a fascinating return as compared to risk.
Under such cases, the deduction has to be made for the entire period, and the same can be discontinued only in the succeeding year.
Form 2 has to be filled to register yourself as a member of the provided funds. The form can be collected from the HR department of your company.
When a member completes 10 years of his continuous service, he is eligible to enjoy the pension scheme.
Yes, an employee can log in at the PR site and give the application for the withdrawal in case he has left the service.
The Employee Pension Scheme acts as a Supper Pension Plan, Retiring Pension, and Permanent total disability pension for the employees. As there is no systematic investment option for the people of India, it acts as a lifesaving investment.
No, as per the PF Act, a person can have only one UAN number throughout his life, and in case he has more than 1 UAN then he should be surrendering the extra one.
Any establishment which has been covered under the PF Act once shall continue to comply and governed by the Act for the entire period of existence.
A trainee that is covered under the Apprentice Act will not be covered under the Provided Fund Act. However, if that is not the case, then the PF Act should apply to such employees.
It is the responsibility of the Contractor to comply with the PF and submit a statement to the company engaged in agreement in the prescribed format by 7th of every month. If a contractor does not meet the same, then the company shall be liable to comply with PF compliance.
Yes, if an employee desires to contribute an amount at a rate higher than 12 % of basic salary and D.A, then they can do so. However, it is not mandatory for an employer to contribute higher than the 12 % rate.
Currently, the contribution rate for ESIC for employer is 4%, and that for an employee is 1 % of the wages.
The scheme offers full medical care to the employee covered under the ESI Act, 1948 during the time of his incapacity, restoration of his health and inadequate working capacity. It also offers financial assistance to compensate for the loss of his wages during his absence from work due to maternity, sickness, and employment injury.
A statutory body called Employees’ State InsuranceCorporation (ESIC) takes care of the Administration of the ESI scheme in India.
Code Number is a 17 digit unique identification number given to each establishment registered under the provisions of this act. The number is generated through the ESIC portal on the submission of the registration information by the employer.
If the wages of an employee exceeds the limit decided by the government during the period, then the deduction will be still required to be made for the remaining period.
Overtime is not a regular and continuous form of the payment, it takes place on occasional events. The same is not considered as the part of salary as due to this, an employee may be liable to register for a certain period and may not be responsible for the remaining period.
Contribution shall be made by the employer in the authorised bank account by the 15th of every month.
Employer has to maintain the following records for the ESIC :
(I) Muster roll, wage record,
and books of Account maintained under other laws.
(II) Accident Register in new Form-11
and
(III) An inspection book.
(IV) The
immediate employer is also required to maintain the Employees’ Register for the employees
deployed to the principal employer.
Employees are issued a permanent ID card on obtaining the registration under the ESI Act. An employee can take the benefit of insurance through the use of ESIC permanent ID.
Full range of medical, surgical & obstetric treatment consisting of out-door treatment,super-speciality consultation & treatment, in-patient treatment, ambulance services supply of all drugs and dressings, pathological and radiological investigations, prenatal and post-natal care, provision of artificial appliances etc.
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DigitalB LLP
" Outstanding work by Legal Workmate. They are masters in Company Registration, GST, TDS, Compliance, Audit and other CA Related services. They are proactive and give personal attention to us. They are also responsive and give proper guidance on the right steps to be taken. For those who are thinking about company registration or any CA related services can close your eyes and go to them. Special thanks to Team Legal Workmate for giving fantastic services. Keep up the great work "
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