ESI/PF RETURNS

OVERVIEW

ESIC

Employees State Insurance Corporation (ESIC) of India is remarkable legislation on a social system designed for workers that provide social security to workers and their dependents. This system provides assurance to the worker family for future uncertainty, offer medical benefit.

EPF

It is the retirement wealth of every salaried employee. this fund is contributed by both employer and employee.

EPF Is compulsory for Indian organizations to those who fall under The Employees’ Provident Fund and Miscellaneous Provisions Act 1952”.

ESIC – ESI return must be filed monthly by all persons and entities having an ESI registration. ESI contributions must be made by the employer for all employees having a salary of less than Rs.21,000 per month. The employer must contribute 4.75% and the employee must contribute 1.75% of the wages for ESIC. The due date for payment of ESIC is the 15^th of the following month. The return filing date of ESIC will be 11^th of May & 11^th of November i.e. Half-yearly.

PF – All employers having PF registration are responsible to file returns on a monthly basis. The filing of returns must be completed by the 25th of each month. Further, a final PF return is due on the 25th of April for the year ended on 31st March. The due date for payment of PF is the 15^th of the following month.

ESIC

ESI scheme applies to all types of establishments/units, including, factories, film production, Hotels, restaurants, offices, cinema theatres, offices, hospitals/medical centers, and other institutions/establishments/units. Such units are called Covered Units.

Following are the criteria to cover the establishment/unit.

ESI Is applicable to all establishment that is defined in the act, Where 10 or more people are employed and their monthly wages wage limit for coverage under the Act effective from 01.01.2017 is Rs.21,000/- per month (Rs.25,000/- per month in the case of Persons with Disability).
*Note the limit of some states is different.

EPF

EPF registration is mandatory for all establishments to cover under the act where 20 or more people engage in the industry and their monthly salary wage limit for coverage under the Act is Rs.21,000/- per month.

ESIC Registration

If The act is applicable to its entity, who has to take registration under this act by filing  form-1.

Following are the documents required for registration

1. Registration Certificate under factory Act Or shops and establishment act.
2. COI In case of Private limited company or Partnership deed in case of the Partnership firm.
3. MOA & AOA of Company
4. List of Employees working in the establishment.
5. Copy of PAN in Establishment.
6. Copy of cancel cheque.
7. List to director/ partner of the entity.
8.  List of a shareholder of the entity.
9. The register contains employee’s attendance.

EPF

If The act is applicable to its entity, who has to take registration under this act by filing a form of “employer & employee registration form”

Following documents are required for PF registration:

• PAN of establishment
• PAN & Aadhar card of Proprietor/Partner/Director.
• DSC (Digital Signature) of Proprietor/Partner/Director
• Copy of Canceled Cheque/Bank Statement of company
• Utility Bill of the Registered Office of entity (not older than 2 months)
• other documents like Shop and Establishment Certificate/GST Certificate/ License issued by the government for the factory.

ESI Monthly payments.

Due date of monthly payment of ESI.  on or before of 15th of the following months. what if nonpayments on time then 12% interest would be applicable from the day of defaults.

ESI Return.

The half-yearly return of ESIC for the period April to September is due by 11 November, and October to March is due by 11 May.

EPF Monthly payments.

Due date of monthly payment of EPF.  on or before of 15th of the following months. what if nonpayments on time then 12% interest would be applicable from the day of defaults.

EPF Return

PF ECR ( electronic challan cum return)- on or before of 15th of the following months.

PF Annual return: 25 April.