PF and ESIC Registration

Posted by gauri jadhav on May 28th, 2018

What is Employee provident Fund?
The Employees' Provident Fund (EPF) - External website that opens in a new window is one of the most beneficial and popular investment schemes for the salaried persons in India. The Employees'' Provident Fund Organisation - External website that opens in a new window, a statutory body under the Ministry of Labour and Employment - External website that opens in a new window, Government of India administers social security schemes framed under the Employees' Provident Funds & Miscellaneous Provisions Act, 1952. At present, the Act and the Schemes framed there under provide for three types of benefits:
Contributory Provident Fund
Pensioner benefits to the employees / family members
Insurance cover to the members of the Provident Fund

What are the documents required for Provident Fund Registration?
Fill the Enquiry Form above, and you will receive the required documents list & quotation in few seconds in your mailbox. No charges for obtaining requirement list and Quotation.

Which establishment required to obtain EPF Registration?
Every establishments i.e. Company / LLP / Proprietor / Partnership / AOP / BOI etc. which have employee strength of 20 or more are required to be registered with PF Department. The strength of 20 includes contract employees like housekeeping, security or other contractual workers in the business.
Those establishments which do not have the prescribed number of employees but willing to register themselves to provide the benefits of Provident Fund to their employees can register voluntarily with the Regional Provident Fund Office. Registration has to be done within One month from the date of reaching 20 employees. Any delay may result in a penalty.

What is the eligibility criteria for employee?
An employee at the time of joining the employment and getting wages up to Rs. 15,000/- is required to become a member. In this act, Wages means and includes Basic + Dearness Allowances, Cash value of food concession and retaining allowances, if any. He / she is eligible for membership of fund from the very first date of joining a covered establishment.

What is Employee Contribution?
Provident fund contribution is recovered @ 12% of wages from employees who earn up to a maximum wage of Rs.15,000/- p.m. However, employees can contribute more than this statutory maximum which will be considered as Voluntary Contribution.

What is Voluntary Contribution?
An employee can contribute voluntarily over and above the stipulated rate of PF contribution by opting for voluntary PF scheme at any rate as he she desires i.e up to 100% of Wages
However, the contribution to VPF should be a certain % of wages and not a fixed amount
But the employer is not bound to contribute at the enhanced rate
It is suggested that the enhancement can be done at the beginning of the financial year for comfort level of calculation


PF and ESIC Registration
Ideal for entities with more than 10 employees
5,999/- (Inclusive All)
Save 30% Cost
Duration : 1 - 2 Days
Brows This @ http://www.corpaidcs.com/registrations/pf-esci

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gauri jadhav

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gauri jadhav
Joined: February 10th, 2018
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