hi,
I have recently joined the newly setup BPO comany. I request all the member to advise me on the following issues :
(a) Since the company is newly set up one, how much time is required to start the pf cutting and esi of newly recruited employees.
(b) Since the attrition rate is very high in BPO sector, thoese who will be leaving within 6 months, what is the procedure for pf and esi in resect of them.
Thanks
KJ Rao
From India, New Delhi
2I have recently joined the newly setup BPO comany. I request all the member to advise me on the following issues :
(a) Since the company is newly set up one, how much time is required to start the pf cutting and esi of newly recruited employees.
(b) Since the attrition rate is very high in BPO sector, thoese who will be leaving within 6 months, what is the procedure for pf and esi in resect of them.
Thanks
KJ Rao
From India, New Delhi
Hi Mr. Rao,
The formalities for ESI is you must have a strength of 20 employees, no matter whether they are getting salary more than 10000/- or lesser. As maxcimum ceiling of ESI contribution is upto 10000/- Gross/Month only. Those getting 10001/- will be exempted from the ESI.
Yes ESI and ESIC is same. ESIC stands for Employee State Insurance Corporation..
The Employer should get the Factory or Establishment registered with the ESI Corporation within 15 days of the applicability of ESI Act. The declaration of registration is to be filled in form 01, along with a separate sheet containing the name and address of the Establishment, number of employees, nature of duty and name, designation and address of the manager controlling such persons, in respect of office situated outside. After been satisfied with the application the ESI regional office will allot a code number to the employer.
After that only you can register your emplyees with the ESI. They have to fill up a declaration form FORM 1, written clearly Male or Female. All the declaration forms should be counter signed by the employer.
Then prepare a return of declaration in form 3 separate for Male & Female within 10 days of filling of declaration form.
Then every employee shall be alloted an temporary identification number.
Even for PF Act also the minimum number of employee should be 20.
Every employer of an establishment to which the Employee Provident Fund Act applies, should submit in Form 5A(in duplicate) to the commisioner, particulars of all the branches and departments, owners, directors, partners if any or any other person who is controlling its affair within 15 days of its applicability of the scheme.
On receipt of Form 5A, the commisioner shall verify the particulars submitted and after been satisfied shall allot an Establishment Code No.
Hope now it will be very much clear with you.
Feel free to revert if any problem is there to get it understand.
Regards,
Amit Seth.
From India, Ahmadabad
The formalities for ESI is you must have a strength of 20 employees, no matter whether they are getting salary more than 10000/- or lesser. As maxcimum ceiling of ESI contribution is upto 10000/- Gross/Month only. Those getting 10001/- will be exempted from the ESI.
Yes ESI and ESIC is same. ESIC stands for Employee State Insurance Corporation..
The Employer should get the Factory or Establishment registered with the ESI Corporation within 15 days of the applicability of ESI Act. The declaration of registration is to be filled in form 01, along with a separate sheet containing the name and address of the Establishment, number of employees, nature of duty and name, designation and address of the manager controlling such persons, in respect of office situated outside. After been satisfied with the application the ESI regional office will allot a code number to the employer.
After that only you can register your emplyees with the ESI. They have to fill up a declaration form FORM 1, written clearly Male or Female. All the declaration forms should be counter signed by the employer.
Then prepare a return of declaration in form 3 separate for Male & Female within 10 days of filling of declaration form.
Then every employee shall be alloted an temporary identification number.
Even for PF Act also the minimum number of employee should be 20.
Every employer of an establishment to which the Employee Provident Fund Act applies, should submit in Form 5A(in duplicate) to the commisioner, particulars of all the branches and departments, owners, directors, partners if any or any other person who is controlling its affair within 15 days of its applicability of the scheme.
On receipt of Form 5A, the commisioner shall verify the particulars submitted and after been satisfied shall allot an Establishment Code No.
Hope now it will be very much clear with you.
Feel free to revert if any problem is there to get it understand.
Regards,
Amit Seth.
From India, Ahmadabad
Dear Friend,
Kindly click on the following link, it will give you some required information,
https://www.citehr.com/search_new.php?q=ESIC&submit=Go
https://www.citehr.com/search_new.php?q=PF&submit=Go
Pls let me know was this information useful,,
If not let me try out more & give information,,,,
In CiteHR you will get A to Z information on HR…..
Regards
M. Peer Mohamed Sardhar
093831 93832
From India, Coimbatore
Kindly click on the following link, it will give you some required information,
https://www.citehr.com/search_new.php?q=ESIC&submit=Go
https://www.citehr.com/search_new.php?q=PF&submit=Go
Pls let me know was this information useful,,
If not let me try out more & give information,,,,
In CiteHR you will get A to Z information on HR…..
Regards
M. Peer Mohamed Sardhar
093831 93832
From India, Coimbatore
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