Skip to main content Skip to search

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 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.

Book Now

All about ESI & PF

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 15th of the following month. The return filing date of ESIC will be 11th of May & 11th 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 15th 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.

Basic

INR 5,999/-

One Time Fee

  • ESI  Registration
  • EPF Registration

Service Provide Within 7 Days

Standard

INR 11,999/-

Yearly Fee

  • ESI Registration
  • PF Registration
  • ESI & EPF Return
  • Consultancy on ESI & EPF

Service Provide before due date

Premium

INR 3 to 6 % Gross Salary

Monthly Fee

  • Out sourcing of Manpower
  • All Compliance of ESI & EPF

Services Provided Before the Due Date

Frequently Asked Questions

As per EPF Act And Miscellaneous Provision Act 1952 under the EPF scheme, 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. However, establishments with less than 20 employees may get registered voluntarily.

Deduction of EPF is mandatory by an establishment in case employees are taking salary less than Rs. 15000 PM.

what If an Employee’s salary of more than INR 15,000 per month then their EPF deducted subject to their consent basis.

If The Act is applicable on the establishment then every employer is liable to contribute 12% of the employee’s salary (i.e., Basic Pay + Dearness Allowance + Retaining Allowances) in EPF A/c. The same 12 % is also deducted from the salary of the employee as an employee contribution. However, if this act is not applicable to the establishment then e.g employees have less than 20 and it opts for EPF Scheme voluntarily basis with the consent of employee then such rate of 12% shall reduce to 10%.

Out of 12% or 10% of employer’s contribution, 8.33% of employer contribution goes to Employee’s Pension scheme subject to maximum Rs 1250 PM, however, if the basic pay is less than 15000 then 8.33% shall be computed on his salary.

Deducted EPF is deposited in the pension account and EPF Account of the employee in a pre-defined proportion

Offline Mode
If an employee wants to get their PF accounts details then he has to file a firm 12 with his employer and such a form will provide details of deduction PF to the particular details.
Online Mode
However, not every this is online mode so there is no need to file any for. An employee can check their EPF record through his UAN with credentials of login of EPF portal.

The rate of interest on the balance in the EPF account keeps on varying year by year. Currently rate is 8.50%.

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.

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.

Employer’s Contribution: 4.75% of the wages payable to employees, reduced upto3.25% with effect from 01.07.2019.

Employee’s Contribution: 1.75% of the wages payable to employees, reduced upto0.75% with effect from 01.07.2019

ESIC Scheme provides a lot of benefits to registered employees and their dependent families.

The list of benefits is as follows:

  1. Medical benefits
  2. Medical Care
  3. Disability benefits
  4. Dependent Benefits
  5. Maternity benefits
  6. Funeral benefit