Understanding PF & ESIC
The Employees’ Provident Fund (EPF) and Employees’ State Insurance (ESI) schemes are statutory benefits provided to employees in India. These schemes ensure financial security through retirement savings and medical coverage. Establishments like shops, restaurants, cinemas, transport undertakings, newspaper establishments and private educational institutions must register if they employ a threshold number of workers【230033587669062†L44-L66】.
Who Needs to Register?
- Companies employing 20 or more employees (EPF) and 10 or more employees (ESI) in specified sectors
- Shops and commercial establishments as defined by state laws
- Factories and manufacturing units
- Educational institutions and hospitals
- Other organisations notified by the government
Benefits of Registration
- Social Security: Provides retirement savings, pension and death benefits.
- Medical Coverage: Offers healthcare and cash benefits during sickness, maternity and disability.
- Tax Advantages: Employer contributions are tax‑deductible, and employee contributions are eligible for deductions.
- Compliance: Avoid penalties and legal consequences by adhering to statutory obligations.
Registration Process
- Assessment: Determine applicability based on employee count and nature of business.
- Documentation: Collect PAN, incorporation certificate, bank details, employee details and wage records.
- Online Application: Submit the application on the EPFO/ESIC portal with supporting documents.
- Credential Issuance: Receive establishment ID, employer’s login credentials and registration certificates.
- Compliance: Set up payroll deductions, deposit contributions and file periodic returns.
Why Choose Us?
Navigating PF and ESI regulations can be complex. Our experts assess your applicability, prepare documentation, handle portal registrations and ensure timely filings. Stay compliant and focus on your core business while we manage statutory benefits for your employees.