Dear All, Our firm has 60 employees. Please advise whether it is mandatory to take EPF for all employees.
Also should we facilitate ESI for all eligible employees (21000 slab)? Can we avoid these according to employees' interest?
Thank you.
From India, Chennai
2Also should we facilitate ESI for all eligible employees (21000 slab)? Can we avoid these according to employees' interest?
Thank you.
From India, Chennai
ESI is statutory provision. If your firm is under ESI implementated area, then ESI contribution is to be paid in respect of eligible employees. If want to avoid this, then exemption certificate from ESIC is to be obtained.
From India, Delhi
From India, Delhi
Thank You Dr. Shipra. Would you please advise me regarding EPF also., which is mentioned with.?
From India, Chennai
From India, Chennai
In case of both acts employees' interest is not material as both are statutes.
PF act is applicable to you from day one of the formation of the org. Please obtain registration number immediately to avoid further loss of interest & damages. Also employees may not agree for their contributions of past period, you may have to deposit both, employee & employer contributions of the past. So hurry!
ESI Act is statutory provision. If your firm is under ESI implemented area, then ESI contribution is to be paid in respect of eligible employees from day one. Also employees may not agree for their contributions of past period, you may have to deposit both, employee & employer contributions of the past. So hurry!
Best way to go about is appoint consultant who will do the needful on your behalf. You can do the registration online & obtain both registration numbers. But you will need consultant to do initial work which you can take over later. There is nothing much to do except to load wages statement as you will see.
From India, Mumbai
PF act is applicable to you from day one of the formation of the org. Please obtain registration number immediately to avoid further loss of interest & damages. Also employees may not agree for their contributions of past period, you may have to deposit both, employee & employer contributions of the past. So hurry!
ESI Act is statutory provision. If your firm is under ESI implemented area, then ESI contribution is to be paid in respect of eligible employees from day one. Also employees may not agree for their contributions of past period, you may have to deposit both, employee & employer contributions of the past. So hurry!
Best way to go about is appoint consultant who will do the needful on your behalf. You can do the registration online & obtain both registration numbers. But you will need consultant to do initial work which you can take over later. There is nothing much to do except to load wages statement as you will see.
From India, Mumbai
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ESI & EPF REGISTRTION DOCUMENT.doc
ESI & EPF.xls
ESI &EPF.zip