ESIC and EPF Registration

Employee care and legislative compliance are some of the aspects that make a company. Our highly skilled professional services for ESIC and EPF registrations help you meet the minimum legal mandate while providing your employees with vital healthcare and financial needs.

ESIC Registration

The Employee State Insurance Corporation (ESIC) provides social security and health insurance to the employees with their dependents. ESIC registration under the ESI Act allows businesses to meet the labor laws’ requirements and to protect the welfare of employees.

Who Requires Registration Under ESIC?

• Businesses with 10 or more employees (20 in some states).
• Employees up to an earning of ₹21,000 per month ( ₹25,000 for employees with disabilities).

Advantages of ESIC Registration

1. Health Insurance: All-inclusive medical care for an employee and their family.
2. Maternity Benefit: paid leaves up to 26 weeks of employment with women.
3. Sickness Benefit: 70% wages for certified sickness up to 91 days.
4. Disability Benefits: 90% of wages in case of a temporary or permanent disability
5. Dependents’ Benefit: monthly financial compensation to the dependents if death is work-related
6. Funeral Expenses: ₹15,000 for final rites.

Documents Required

• Registration proof of business (such as GST and Shops Act Certificate).
• Evidence of company address along with electricity/water bills.
• Employees details: Aadhaar, PAN, and payslip.
• Company Bank A/C No and cancelled cheque.

Post Registration Compliances

• Registers of Attendance, wages, accident and inspections.
• Monthly returns under ESI and Challans.

EPF Registration

The EPF is a retirement benefit plan under the EPFO, Employees Provident Fund Organisation. This fund is maintained by both the employers as well as the employees in order to provide for long term capital of the employees.

Who needs EPF registration?

• Businesses with 20 or more employees.
• For employees with a minimum basic wage of ₹15,000 per month.

Benefits of EPF Registration

1. Retirement Corpus: Helps an employee save for the old age account.
2. Partial Withdrawal: Provides funds in case of emergencies like education or housing needs and treatment.
3. Insurance Benefits: EDLI offers insurance coverage to employees
4. Saving Tax: Deductions on contributions under Section 80C

Documents Required

• Proof of business incorporation such as GST, Shops Act Certificate
• PAN and address proof of the employer.
• Bank account details of the business
• Employee details: Aadhaar, PAN, and salary details.

Post Registration Compliance

• Monthly returns for EPF and filing contribution.
• Maintain record of employee wage and attendance

Why JSR Taxes Mentor?

• Expert Guidance: Dedicated professionals ensure seamless ESIC and EPF registration.
• Hassle free Process: Documentation, Filings, and Compliance do not trouble us.
• Timely Filings: avoid penalties with our proactive service approach.
• Transparent Pricing: Services are affordable and there are no hidden charges.

Get Started Now!

Protect the future of your employees and comply with government regulations. Contact us in order to get yourself registered with ESIC and EPF and enjoy smooth service with reliability.