ESIC & EPF Filling
Provident fund is a social security system that was introduced for the purpose of encouraging savings among employees, so as to benefit them during the course of their retirement. Contributions are made by the employer and the employee on a monthly basis. PF contributions can only be withdrawn by the employee at the time of his/her retirement, barring a few exceptions. All employers having PF registration are responsible to file returns on a monthly basis. The filing of returns must be completed by the 25th of each month. This article deals with the filing of provident fund returns, and the various forms through which the purpose must be fulfilled Employers can now easily file PF return through the Unified Portal. PF return must be filed every month by employers having PF registration in India.
The employees’ state insurance is one of the popular social security schemes brought into force by the Central Government after the independence of India. Almost all private limited companies must get themselves registered under the ESI Act of 1948. If they fail to obtain the required enrolment using ESI registration procedure, then they are liable to face penal actions in due course of time. So, adhering to the provisions of the ESI Act is in your best interest.
Employee State Insurance is a self-financing social security scheme and health insurance plan for Indian workers, offering medical and disablement benefits. Governed by the ESI Act, 1948, it is managed by Employees’ State Insurance Corporation (ESIC) under the Ministry of Labour and Employment. ESIC is expected to manage the fund as per the rules and regulations set forth by the Act.
Eligible for ESI benefits
All employees of a covered unit, whose monthly incomes (excluding overtime, bonus, leave encashment) does not exceed Rs. 21,000 per month, are eligible to avail benefits under the Scheme. Employees earning daily average wage up to Rs. 176 are exempted from ESIC contribution.
Benefits Of EPF Scheme
- Tax-Free Savings: EPF Scheme provides certain interest on the deposits at a specific rate which is pre-decided by the organization. Long-Term Financial
- Security: Funds deposited in this account cannot be withdrawn easily and hence, helps in ensuring savings.
Documents Required
- Company Bills and If needed, you will be asked for a document.
ESIC & EPF Filling Process
- We help you in every step of the ESIC & EPF Annual Filling:-
- 1.Call us at 97111-77955 Or Mail at info@jeeprofessionals.in & Discuss your Business.
- 2.Fill the Form
- 3.Make the Payment
- 4.Get Your ESIC & EPF Annual Filling Done.
