Dear All,
Our is a start-up IT Company, currently 21 employees are working here (Delhi) and very soon we will start another branch in another city (chennai), all employees have salary more than 15000/-. We have now started deducting PF from all employees but no ESI. My question is, ESI is not mandatory if salary is more than 15000, than do we need to provide medical policy for all employees ? Even some employees don't want to get their PF deduction, so what should I do ? Form-13 or so. Kindly advice, I don't have any experience in Generalist profile, I only worked in recruitment, but here I m the only single person here.
Regards
Priya
From India, Bangalore
Our is a start-up IT Company, currently 21 employees are working here (Delhi) and very soon we will start another branch in another city (chennai), all employees have salary more than 15000/-. We have now started deducting PF from all employees but no ESI. My question is, ESI is not mandatory if salary is more than 15000, than do we need to provide medical policy for all employees ? Even some employees don't want to get their PF deduction, so what should I do ? Form-13 or so. Kindly advice, I don't have any experience in Generalist profile, I only worked in recruitment, but here I m the only single person here.
Regards
Priya
From India, Bangalore
12
Dear Priya, You have to collect the PF Form no 11 for PF exemption and find the attached form 11. Regards Sampath
From India, Bangalore
From India, Bangalore
Hi Priya
As far as ESI is concerned if the gross is above 15000/- the ESI is Exempted.
But for PF even though Gross is Above 15000/- if Basic & DA is lesser than 6500/- then PF s mandatory. If basic + DA is above 6500/- then if you are planning for PF newly then those employee's shall be exempted. In any chance already they have PF & due to increment or promotion if their basic is increased over & above 6500 then the contribution is mandatory & it is limited to 6500/-
Form 11 is A declaration form where in you should maintain for all employees who are getting basic above 6500/-
From India, Bangalore
As far as ESI is concerned if the gross is above 15000/- the ESI is Exempted.
But for PF even though Gross is Above 15000/- if Basic & DA is lesser than 6500/- then PF s mandatory. If basic + DA is above 6500/- then if you are planning for PF newly then those employee's shall be exempted. In any chance already they have PF & due to increment or promotion if their basic is increased over & above 6500 then the contribution is mandatory & it is limited to 6500/-
Form 11 is A declaration form where in you should maintain for all employees who are getting basic above 6500/-
From India, Bangalore
Dear Priya
Your orgnisation applicable for ESI PF registration whether you your all stafff getting salary over covering esi pf you have to get registration done after that you may comply Rs.7/- in pf and nil in esi.
Regards
Kashyap
Dharamveer Associates
<link no longer exists - removed>
From India, Delhi
Your orgnisation applicable for ESI PF registration whether you your all stafff getting salary over covering esi pf you have to get registration done after that you may comply Rs.7/- in pf and nil in esi.
Regards
Kashyap
Dharamveer Associates
<link no longer exists - removed>
From India, Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
PF & ESI.zip
Presentation PF&ESI.ppt
Exp.and esi pf mis format.xls