PF ESI Registration in Jaipur

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.

  • Get PF ESI Registration in Jaipur at ₹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
How It Works

Get started with PF ESI Registration in Jaipur

Free consultation with a CA. No obligation.

Overview

Introduction of Employees Provident Fund registration

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 [email protected] for all Employees Provident Fund registration or PF ESI Registration in Jaipur.

Illustration: a business plan on a board
Eligibility

Eligibility for PF ESI Registration in Jaipur

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

Advantages of PF ESI Registration in Jaipur

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

Documents Required for PF ESI Registration in Jaipur

Checklist
  • Rent Agreement
  • Factory registration certificate or license
  • PAN of Organization
  • GST Certificate, if any
  • MOA/AOA or Partnership Deed or Trust Deed
  • Monthly employee’s status and salary
  • Photograph of Promoter
  • PAN and Aadhar of Promoter
How it works

Process of PF ESI Registration in Jaipur

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

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.

Details

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

Cinemas

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

Roadside Motor Transport Establishments

News paper establishments

Private Educational Institutions and Medical Institutions

Details

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.

Questions

FAQs on PF ESI Registration in Jaipur

ESI is applicable to companies having a minimum of 10 employees or as notified by the Central Government.

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.

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.

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.

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

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 Rs. 21000/- because employees with salary more than Rs. 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.

ESI deduction is premium, you cannot withdraw from it.

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.

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.

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

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

TDS is deducted on EPF 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 and if PAN is not provided TDS will be deducted at highest slab rate i.e. 30%.

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.

It generally takes 4 to 5 working days to get registration.

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.

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.

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 Rs. 15,000 it is not compulsory but they may contribute voluntarily.

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.

PF ESI Registration in Jaipur

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