Best PF-ESIC Consultant

Welcome to India's Best PF & ESIC Consultation Services

We are the most efficient & renowned agency for providing the best Legal advisory services like PF & ESIC Registration, PF & ESI monthly Filing & PF Withdrawal in India. With over 5 years of experience, we’ll ensure you always get the best guidance.

Our PF & ESIC Services

PF Withdrawal Service

If salaried persons wish to withdraw their accounts, we help them to submit the complete process. As the withdrawal procedure requires members to submit various other documents including a resignation letter and a canceled cheque with respect to form 19 to the EPF. We take care of everything and you don’t have to worry about any procedures.

ESIC Service

The Employee State Insurance Corporation Act 1948 was introduced by the government to provide the best security and medical facilities for employees and their families. We assist registered employees and their families who are eligible to get medical benefits including surgical and obstetric treatment, ambulance, supply of all medications, super-specialty services, etc.

Minimum Wages

This Act is to provide for fixed minimum rates of wages in certain occupations to save laborers from exploitation. We help clients to maintain records as per the Minimum Wages Act prescribed by the Minimum Wages Act, 1948 Ministry of Labor & Employment. You can register for inspection correspondence and other works here.

ESI Registration

An ESI PF Consultant can help you register your company with the Employees' State Insurance Corporation (ESIC). This is a mandatory requirement for all companies with 10 or more employees.

EPF Registration

An ESI PF Consultant can help you register your company with the Employees' Provident Fund Organization (EPFO). This is a mandatory requirement for all companies with 20 or more employees.

Monthly Returns Filing

An ESI PF Consultant can help you file your ESI and EPF returns on monthly basis. These returns are required to be filed by employer with the ESIC and EPFO online or offline on a monthly basis .

ESI registration

What is ESI registration?

The employee state insurance (ESI) is managed and regulated by the Employee State Insurance Corporation which is an autonomous body under the Ministry of Labour and Employment, Government of India. The ESI scheme was started for the Indian Employees that provided monetary, medical, and other benefits from the employer to the employee.

Currently any factor or employment or any establishment that has employed over 10 employees with a minimum salary of Rs. 21,000 has to mandatorily register itself with the ESIC.

Eligibility

To be eligible for ESI registration is to have more than 10 workers. In some regions, ESI registration is possible for establishments only if there are more than 20 employees. Here are some other criteria that need to be satisfied for obtaining ESI registration.

An employee whose gross salary is up to Rs. 21,000 per month can avail of this with the help of the employer.

The establishment is registered with the EPFO.

The total contribution to ESI is 4% of the gross salary and it can be further divided as:

3.25% by the employer

0.75% of the employee

For industrial units where there are chances of occurrence of injury or health issues all the employees with a salary less than Rs.21,000 compulsorily need to get ESI registration.

Benefits of PF Registration Online

1. Pension Coverage

Besides the contribution of the employee to EPF, the employer adds an equal amount which is inclusive of Employee Pension Scheme (EPS). Therefore, EPF saves you a robust pension.

2. Cover of Risk

In case of instances like illness, demise or retirement, Provident Fund helps the dependents of the employee by covering the financial risks they face in such situations.

3. Single Account/one EPF Account

The PF account can be transferred while switching jobs. Universal Account Number (UAN) linked to the Aadhar will start to facilitate the linking of the previous accounts. It can be carried forward to the new employer instead of being closed down. This uniformity ensures that the rate of return is compounded over the years.

4. Emergency Fund

Emergencies are bound to happen at any point of time in life. EPF amount can be of great help during mishaps, illnesses, weddings and educational expenses. Employee can make claims online.

5. Employee Deposit Linked Insurance Scheme

Any person who has PF account is eligible for this insurance scheme that requires only 0.5 % of the salary deduction as premium.

6. Extended Goals

The PF account can be extremely helpful for long-term goals like buying a property or setting up a fund for children.

Documents Required for ESIC Registration

Check the list of documents required to complete the process

Business Setup proof (Like GST/MSME/Shop & Act)
PAN of the Owners, Partner, Proprietor, or the Director
Address proof (can be any utility bill but should not be older than 2 months)
Aadhar card of Owners, Proprietor, Partner, or Director.
Cancelled Cheque or Bank Statement
Digital Signature of the Proprietor/ Partner or Director.
Hired/ Rented or Leased Agreement If there is any.

Note: Submit the necessary documents
( Provide the required documents and get your queries resolved without any delay.)

100% support
( We will provide you ESIC registration letter and Login details.)

PF Overview

Employees Provident Fund is a scheme for the Indian Employees that is controlled by the Provident Funds and Miscellaneous Provisions Act,1952. The Employee Provident Fund is regulated under the umbrella of Employees Provident Fund Organization popularly known as EPFO.

All establishments that have employed 20 or more than 20 employees can apply for PF registration in India. In some cases, subject to the circumstances and the exemption establishments employing less than 20 are still eligible for PF registration. The Employee gets an amount that includes the self and employer’s contribution with interest on retirement or resignation.

Who is eligible to get PF registration?

For Employer

PF Registration is mandatory for all the establishments-

That has engaged 20 or more than 20 people.

For any other establishment that has less than 20 people then the central government has to specify the same in the notification on the behalf.

For Employee

Employees drawing less than Rs.15000 per month need to mandatorily become members of the EPF. According to the guidelines, employees whose basic pay is more than Rs. 15000 a month at the time of joining is not required to make any PF contributions.

But an employee who is drawing pay of more than Rs.15,000 can still be a member and make contributions with the employer and the Assistant PF commissioner.

The amount for the contribution of PF

The employer has to obtain the PF registration within 1 month of attaining the strength, in case of failure to abide by applicable penalties. A registered establishment continues under the purview of the Act even in case the No of employees falls below the required limit.

The employer has to contribute 12% of the (Basic Salary + Dearness Allowance + Retaining Allowance). An equal amount of contribution is to be made by the employee. If the establishment has engaged less than 20 employees the EPFO rules state that the contribution rate for both the employees and the employer is limited to 10 %. In most cases the employees who are employed in the private sector it is on the basic salary on which the whole contribution is calculated.

PF contribution

Employee contribution to EPF: 12% of salary

Employer contribution to EPF: 3.67% of salary

Employer contribution to EPS: 8.33% of salary subject to a ceiling of Rs. 15,000 salaries, i.e., Rs. 1,250

Employer contribution to EDLI: 0.50% of salary

Employer contribution to administrative charges: 0.50% or 500 Rs whichever is high

Documents required for PF Registration

Business Setup proof (Like GST/MSME/Shop & Act)
PAN of the Owners, Partner, Proprietor, or the Director
Address proof (can be any utility bill but should not be older than 2 months)
Aadhar card of Owners, Proprietor, Partner, or Director.
Cancelled Cheque or Bank Statement
Digital Signature of the Proprietor/ Partner or Director.
Hired/ Rented or Leased Agreement If there is any.

PF Charges and Due Date

EPF charges

The contribution is rounded to the nearest rupee for each of the employees for the employee share, the contribution towards pension, and the EDLI contribution.

The employer share is the difference between the employee Share and the pension contribution.

The monthly payment amount towards the EPF administrative charges is rounded to the nearest rupee and a minimum of Rs.500 is payable.

In case the establishment has no member in the month the minimum administrative charges applicable will be Rs.75.

The monthly payment amount under the EDLI administrative charges is rounded to the nearest rupee and a minimum of Rs.200 is payable.

In case the establishment has no member in the month, the payable minimum administrative charge is Rs.25

Suppose the establishment is exempted from the PF scheme inspection charges of 0.18% (Minimum Rs 5) is payable in place of the admin charges

In case the establishment is exempted under the EDLI scheme. The inspection charges of minimum Rs.1 @0.005% are payable in place of the administrative charges.

Due Date

Before paying the Salary to the employees the employer must deduct the employee’s contribution from his wages. Later, the employee portion and the employer’s share will be payable to the EPFO within 15 days of the close of every month.

The EPF stands tall in terms of returns from a debt instrument. The money is sovereign backed and the interest earned is tax-free. The PF enjoys EEE (exempt, exempt, exempt) status as contributions are deductible from the income. Hardly any debt instruments provide such high returns with safety and assurance. Hence, it is better to transfer the PF account at the time of switching jobs and also avoid the temptation to withdraw the money.