PE & ESI Registration

(Get PF/ESI registration in 3000/-* (All inclusive))

ESIC

The Employee State Insurance Act -1948, encompasses certain health related eventualities that the workers are generally exposed to such as sickness, maternity, temporary or permanent disablement, Occupational disease or death due to employment injury, resulting in loss of wages or earning capacity-total or partial. Social security provision made in the Act to counterbalance or negate the resulting physical or financial distress in such contingencies, are thus, aimed at upholding human dignity in times of crises through protection from deprivation, destitution and social degradation while enabling the society the retention and continuity of a socially useful and productive manpower.

ESIC has been extended and applicable to all the factories and establishment defined in ESI Act 1948, and includes shops, hotels, restaurants, cinemas including preview theatres, road-motor transport undertakings, newspaper establishments, establishments engaged in Insurance Business, Non-Banking,  Financial Companies, Port Trust, Airport Authorities and Warehousing establishments employing 10* or more persons. However, insurance is deducted for those employees only whose wages for the month is upto Rs. 21,000/-. Every establishment need to get itself registered under the Act within 15 days from applicability.

EPF

Employees’ Provident Fund or EPF is a popular savings scheme that has been introduced by the EPFO under the supervision of the Government of India. The savings scheme is directed towards the salaried-class to facilitate their habit of saving money to build a substantial retirement corpus.

Under the Scheme has been extended to shops, hotels, restaurants, cinemas including preview theatres, road-motor transport undertakings, newspaper establishments, establishments engaged in Insurance Business, Non-Banking,  Financial Companies, Port Trust, Airport Authorities and Warehousing establishments employing 20* or more persons.

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Benefits of ESIC

  1. Medical Benefit: Full medical care is provided to an Insured person and his family members from the day he enters insurable employment. There is no ceiling on expenditure on the treatment of an Insured Person or his family member.
  2. Sickness Benefit: Sickness Benefit in the form of cash compensation at the rate of 70 per cent of wages is payable to insured workers during the periods of certified sickness for a maximum of 91 days in a year.
  3. Maternity Benefit: Maternity Benefit for pregnancy is payable for Twenty Six (26) weeks.
  4. Disablement Benefit:
    • Temporary disablement benefit: From day one of entering insurable employment & irrespective of having paid any contribution in case of employment injury. Temporary Disablement Benefit at the rate of 90% of wage is payable so long as disability continues.
    • Permanent disablement benefit: The benefit is paid at the rate of 90% of wage in the form of monthly payment depending upon the extent of loss of earning capacity as certified by a Medical Board
  5. Dependents Benefit: Paid at the rate of 90% of wage in the form of monthly payment to the dependents of a deceased Insured person in cases where death occurs due to employment injury or occupational hazards.
  6. Funeral Expenses:  An amount of Rs.15,000/- is payable to the dependents or to the person who performs last rites from day one of entering insurable employment.

Benefits of EPF

The employees’ provident fund scheme extends an array of benefits towards the EPF employee members. It inculcates a sense of financial stability and security in them.

  1. Capital appreciation: The PF online scheme offers a pre-fixed interest on the deposit held with the EPF India. Additionally, rewards extended at maturity further ensure growth in the employees’ funds and accelerate capital appreciation.
  2. Corpus for Retirement: Around 8.33% of an employer’s contribution is directed towards the Employee Pension Scheme. In the long run, the sum deposited towards the employee provident fund helps to build a healthy retirement corpus.
  3. Emergency Corpus: Uncertainties are a part of life. Therefore, being financially prepared to face such unwarranted situations is the best an individual can do deal with exigencies. An EPF fund acts as an emergency corpus when an individual requires emergency funds.
  4. Tax-saving: Under Section 80C of the Indian Income Tax Act, an employee’s contribution towards their PF account is deemed eligible for tax exemption. Moreover, earnings generated through EPF scheme are exempted from taxes. Such exemption can be availed up to a limit of Rs. 1.5 Lakh.
  5. Easy premature withdrawal: Members of EPF India are entitled to avail benefits of partial withdrawal. Individuals can withdraw funds from their PF account to meet their specific requirements like pursuing higher education, constructing a house, bearing wedding expenses or for availing medical treatment.

Contribution under ESIC

  1. The employee’s contribution rate is 0.75% 
  2. And Employer’s contribution rate is 3.25%

Contribution under EPF

  1. The employee’s contribution rate is 12% 
  2. And Employer’s contribution rate is 12%

Documents required for registration

  1. Incorporation Certificate
  2. GST certificate, Shop Act Registration, if any
  3. Rent agreement / Lease deed / Electricity bill
  4. MOA & AOA / Partnership deed / LLP deed / Trust deed
  5. Pan Card of Organisation
  6. Monthly employee’s status and salary
  7. Pan and Aadhar card of Promoter
  8. Photograph of Promoter

Registration Process:

  1. Fill the query form
  2. Provide the required documents
  3. Make the payments
  4. We will prepare the application and file the same at Shram Suvidha
  5. EPFI and ESIC number will be sent to you once granted by department

Penalties of non-registration

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