PF ESI Registration in Jaipur
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
Introduction of Employees Provident Fund registration
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 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 Required for PF ESI Registration in Jaipur
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
Process of PF ESI Registration in Jaipur
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
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
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 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 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.
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 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%.
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.
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 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.