PF & ESI Registration

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PF and ESI Registration for Employees

Easy, Accessible, Secure: PF and ESI

1. PF and ESI is a govt. scheme which provides benefits to all Indian Employees which look after their retirement benefits.
2. It included contribution from govt. as well to make the corpus grow even bigger on longer horizon.
3. Pension , Gratuity and Medical Benefits are covered under the same.

PF and ESI for Employees

1. Mandatory for businesses having 20 or more than 20 employees for PF and 10 or more for ESI
2. Retirement benefits through PF and ESI schemes
3. PF and ESI return filing is mandatory who have opted for this.

For Employer (PF)

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 (PF)

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 are 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 breakup of the PF contribution

1. The 12 % contribution is divided into the following subdivision
2. 3.67% of the contribution towards the Employees Provident Fund
3. 1.1% of the contribution towards the EPF administration Charges
4. 0.5% of the contribution towards the employee’s deposit linked insurance
5. 0.01% contribution towards the EDLI administration charges
6. 8.33% towards the Employees Pension Scheme.

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.
The total contribution to ESI is 6.5% of the gross salary and it can be further divided as:
a. 4.75% by the employer
b. 1.75% of the employee

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1. Business should be registered as Pvt ltd company / One person company / LLP / Partnership firm
2. Should have turnover less than 100 cr
3. Business age should be less than 10 years at time of applying

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