ESI/PF Registration

Get  PF/ESI Registration in ₹3,000/- (All inclusive)

 

Entities having 10/20 employees

 

Filing application at Shram Suvidha

 

Simple & Secure Online Process

 

Dedicated Professional

 

Hassle Free Process

 

Get PF/ESI in 2-3 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. Employee State Insurance scheme is applicable to all the factories and establishments defined in ESI Act 1948 having 10 or more employees employed during the previous year. However, insurance is deducted for those employees only whose wages for the month is upto Rs. 21,000. The establishments falling under this category are required to register under the act within 15 days of the applicability

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. Any organization that has a count of employees more than 20 must get registered under EPFO. The employer must get the establishment registered within 1 month of reaching the limit of 20 employees.

Legal Window will provide you all the necessary services and registrations 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 return compliance.

Eligibility

Employee State Insurance scheme

is applicable to all the factories and establishments where: Organization having count of employee 10 or more and. Their monthly wage is not more than Rs 21,000.

Employee Provident Fund scheme

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

Advantages of PF/ESI Registration

ESI Benefits

Medical benefit

Sickness benefit

Maternity benefit

Disablement benefit

Dependents benefit

Funeral expenses

Rehabilitation allowance

EPF Benefits

Tax Benefits

Premature withdrawal

Pension Benefits

Financial Support

Contribution by employee

Long Term Planning

Interest benefits

Documents Required

Factory registration certificate or license

Rent Agreement

MOA/AOA or Partnership Deed or Trust Deed

PAN of Organization

GST Certificate, if any

Monthly employee’s status and salary

PAN and Aadhar of Promoter

Photograph of Promoter

Process of Registration of PF/ESI

Complete the Application Form

You are requested to first fill the simple questionnaire provided by our expert team.

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.

Filing of Application

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

Issuance of Certificate

After the processing and verification of application ESI and PFI number will be generated and will be communicated to you via mail and call.

ESI

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

Employer has 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.

Applicability of ESI

Shops

Hotels or restaurants not having any manufacturing activity, but only providing service

Cinemas

Roadside Motor Transport Establishments

News paper establishments

Private Educational Institutions and Medical Institutions

EPF

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

Employer has 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

Types of Provident Fund

Statutory Provident Fund: Statutory Provident Fund is a Provident Fund which is only meant for Government or Semi-Government employees

Recognised Provident Fund: Recognised Provident Fund is a scheme approved by an income tax commissioner that applies to organizations or factories having 20 or more employees

Unrecognized Provident Fund: Employer may at its discretion opt for unrecognized under this no deduction allowed under section 80C

Public Provident Fund: Public Provident Fund is a savings-cum-tax-saving instrument in India i.e. not liable to tax.

FAQs on PF/ESI Registration

On whom ESI is applicable?

ESI is applicable to companies having a minimum of 10 employees or as 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.

Which is better ESI or health insurance?               

ESI is a statutory obligation on the employer whereas medical insurance is not an obligation. Employers may take medical health insurance policy where its employees’ salary 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 the 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.

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 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 not withdrawn 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
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 Annuations are also tax free.

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.

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.