Esi and Pf Registration
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ESI and PF Registrations In Hyderabad
Provident Fund (PF) is a savings fund that gets accumulated during the employment tenure of an employees. EPFO or the Employee Provident Fund Organization is the regulatory authority for EPF. An Establishment or business is mandatorily required to obtain EIN No. if total employee strength is 20 or more. The total strength of employee Includes contractors or temporary employees like housekeeping staff, daily wage worker security or other temporary workers in the business.
Employer’s’ State Insurance (ESI) is governed by the Employer’s State Insurance Act, 1948. It is a self-financed social security scheme designed to protect employees covered under the ESI act. Employees of an eligible organization are protected against financial distress arising out of sickness, disablement, and death due to employment injury.
Frequently Asked Questions
ESI is compulsory for companies or business which has 10 or more workers before it was 20 later it was revised to 10. ESI contribution is needed for all the employees whose earning is less than Rs. 21,000/month.
The employer covered under ESIC has to file Monthly ESIC Return on or before the 15th of the following month. The return period is monthly starting from April to September in a financial year.
Can an employee opt out from the Schemes under EPF Act ?
An employee with a basic salary of over Rs. 15,000 and who has never been a member of EPF can opt out of the scheme. But once they become a member, they cannot opt out of the scheme.
What are the documents required for Esi and Pf Registration ?
The documents for Esi and Pf Registration are:
- PAN card
- Aadhar card
- Business place
- electricity bill
- Passport size
- Rental agreement
How much time does it take to get a Esi and Pf Registration ?
Its take 2 working days from the date of application to obtain Esi and Pf Registration
We provide the best pf &esi registrations services and every employee should know about esi pf registration applicability, esi pf registration process in hyderabad, kukatpally, madhapur, gachibowli, lingampally, filmnagar, kondapur which is mandatory for most of the company employees.
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