ESI/PF Return

Get ESI/PF returns filed starting from ₹ 1000/-

 

Filed by the employers falling in ambit

 

Returns to be filed every month

 

Simple and Secure Online Process

 

Dedicated Professional

 

Expert CA/CS Advice

 

Get your ESI/PF Returns filed in 4-5 days

 

Introduction

Employees’ State Insurance Corporation is a statutory corporate body set up under the ESI Act 1948, which is responsible for the administration of ESI Scheme. The ESI is a self-financed social security comprehensive scheme devised to protect the employees against financial distress such as sickness, disablement or death due to employment injuries.

EPF stands for Employee Provident Fund that is a scheme for providing monetary benefit to all salaried employees which act as the best investment methods

After taking registrations it is mandatory to file the returns on time as required under the statute otherwise there are prescribed penalties that have to be borne by the employer.

Legal Window will provide you all the necessary services and returns related to EPF/ESI. You may get in touch with our team on 072407-51000 or email admin@legalwindow.in for all ESI and PF registration.

Eligibility

Employee State Insurance scheme

is applicable to all the factories and establishments where: Organization having count of employees 10 or more and. Their monthly salary should not exceed Rs. 21,000 and Rs. 25,000 for people with disability.

Employee Provident Fund scheme

is applicable to all the factories and establishments where: Organization having count of employees 20 or more and. Their monthly wage is not more than Rs 15000.

Advantage of ESI/PF Returns

ESI Benefits

  1. Medical benefit
  2. Sickness benefit
  3. Maternity benefit
  4. Disablement benefit
  5. Dependents benefit
  6. Funeral expenses
  7. Rehabilitation allowance

Due Dates of Filing ESI Return

The due date for ESI payment is 21st of every month and the returns are filed on half yearly basis which are as follows :
April-September : 11th of November
October – March : 11th of May

EPF Benefits

  1. Tax Benefits
  2. Premature withdrawal
  3. Pension Benefits
  4. Financial Support
  5. Contribution by employee
  6. Long Term Planning
  7. Interest benefits

 Due Date of filing PF Return

The due date for PF payment is 15th of every month and the returns are filed on a monthly basis by 25th of the following month. Also an annual return is required to be filed by the 25th of April of the following financial year.

Documents Required

Employee wise breakup of contributions

Digital Signature Certificate

Copy of Challan Payments

Employee wage register

Any accidents or mis-happening details

Any other details, as required

Process of  PF/ESI Return

1. Complete the Application Form
You are requested to first fill the simple questionnaire provided by our expert team.


2. Document Processing
At the second step we will be requiring the documents in accordance with the questionnaire filled by you so that we can arrange them as per the requirement and for processing.

3. Filing of Application:
We will apply for your ESI/EPFO application along with the documents and other declarations online at Shram Suvidha Portal.

4. Intimation of Filing
After the processing we will communicate to you regarding the filing of the returns.

ESI

Employers have the responsibility to contribute to the ESI fund by deducting the employees’ contribution from wages and combining it with their own contribution.

Employers have to deposit the combined contributions within 15 days of the last day of the Calendar month. The payments can be made online or to authorized designated branches of the State Bank of India and some other banks.

ESI Monthly Contribution

The employer and employee have to contribute at the rates specified by the government from time to time. The contribution to ESI fund is as follows by the employer and employee:

Employee: Employee has to contribute 0.75% of his basic wages
Employer: Employer has to contribute 3.25% of the basic wage.

EPF

Employers have the responsibility to contribute to the EPFO fund by deducting the employees’ contribution from wages and combining it with their own contribution.

Employers have to deposit the combined contributions within 15 days of the last day of the Calendar month. The payments can be made online or to authorized designated branches of the State Bank of India and some other banks.

EPF Monthly Contribution

The employer and employee have to contribute at the rates specified by the government from time to time. The contribution to EPF fund is as follows by the employer and employee:

Employer and Employee shall contribute 12% of employees’ basic wages and dearness allowances

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FAQs on ESI/PF Returns

On whom ESI is applicable?

EPF is applicable to companies having minimum of employees is 10 and notified by the Central Government.

What is ESI leave?

The Employees State Insurance scheme under the ESI, Act, 1948 provides social security coverage to workers employed in various factories and establishments, and covers contingencies such as sickness, maternity leave, and physical disablement or death due to employment injury resulting in loss of wages or earning.

Is there any age limit for ESI?

There is no age limit for ESIC Contributions. But for PF Contributions, if employee crosses 58 Yrs of age his Pension fund will also be remitted in the Provident funds account itself.

Can I withdraw my ESI money?

ESIC is insurance for people having income below certain income level. It helps you to get excellent medical care for your family free of cost. ESI deduction premium is not for withdrawal proposes.

Can we use ESI in private hospital?

As per the ESIC Act employee can take the medical benefits only from the ESIC dispensaries or hospitals.

Who is not eligible for EPF?

Employees drawing up to Rs. 15000 per month have to mandatorily become members of the EPF.

What is the minimum salary to deduct PF?

The minimum mandatory PF contribution shall be Rs 1,800 per month i.e.12% of Rs 15,000

Is EPF mandatory for salary above 15000?

Yes, it is mandatory to have an EPF account for the employees who have a basic salary plus dearness allowance is up to Rs. 15,000. And those who are earning more of 15,000 it is not compulsory but they may contribute voluntarily.

Can I prevent my income from TDS?

Yes, if you find your income less than basic exemption limit which is not chargeable to tax you can submit Form 15G/Form15H.

Is PF is taxable on the retirement?

Nothing is going to be chargeable in case if you withdraw the amount after giving 5 year service to the employer in case of recognised provident fund. But in case of unrecognized PF whole amount is chargeable to tax except employee’s contribution that is chargeable to tax at the time of employment.

Which is better ESI or health insurance?

ESI is a statutory obligation on the employer whereas medical insurance is not an obligation. Employer may takes medical health insurance policy where its employees salary is exceeds 21000/- because employees with salary more than 21000 are out of ESI coverage so it is better to go for Group Medi-claim Policy as premium of this is less and company will get tax benefit on it.

Can ESI amount be withdrawn?

ESI deduction is premium, you cannot withdraw from it.

How can I get ESI maternity benefit?

The benefits are available to insured women for up to a period of twenty-six weeks (extendable by one month on medical advice), of which not more than eight weeks shall precede the expected date of confinement.

Can I continue ESI after leaving job?

ESIC approves unemployment benefit scheme for formal sector workers. Workers will be able to withdraw about 47% of their total contributions towards ESIC after remaining unemployed for at least 3 months from the date of leaving their previous jobs, according to the draft scheme.

Is PF compulsory?

PF is mandatory for the company employing 20 or more employees respectively. However there are many ways to minimize the PF liabilities as per the Acts.

Is PF taxable?

PF contribution by the employee is subject to deduction under section 80C. Not only the contribution but the interest earned and the money received on super annulations are also tax free.

Is TDS deducted on PF withdrawal?

TDS is deducted on EPF is at the rate of 10% on EPF balance if withdrawn before 5 years and if would not withdraw it would not be taxable at all. You should require mentioning PAN at the time of withdrawal if PAN is not provided TDS will be deducted at highest slab rate i.e. 30%.

Can we take loan on PF?

An individual having PF account can make withdrawal funds from the account as loan. Partial withdrawal is possible in case the loan is towards buying or repairing a house. The employee should be in service with the employer for at least 5 years to get eligible to take loan against PF.

How many days it will take to get registered under EPF?

It generally takes 4 to 5 working days to get registration