Welcome to ASK Commercial Solutions
ESI-EPF Registration
The Employee State Insurance Corporation or ESIC is a self-financing social security and health insurance scheme which provides medical benefit, sickness benefit, maternity benefit, disablement benefit and various other benefits such as funeral expenses, free supply of physical aids etc. to the employees and their family.
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ESIC registration for Employer is compulsory if:
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All Establishments and Factories employing more than 10 employees (in some states it is 20 employees), drawing the wages up to Rs. 21,000/- (15000/- Before 1st January, 2017) a month, are required to mandatorily apply for ESI registration within 15 days of the ESI Act, 1948 becoming applicable to them.
Benefits of ESI Registration:
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Medical Benefits to an employee and his family members.
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Maternity Benefit to the women who are pregnant (paid leaves).
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If the disability/ death of the employee happens while on work – 90% of the salary is given to his dependents every month after the death/ disability of the employee.
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Old age care medical expenses.
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Sickness benefits
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The Employee Provident Fund or EPF is a retirement saving scheme provided by the government for all salaried employees in India, on which fixed interest is regularly paid. PF Registration is mandatory for all the organizations that have 20 or more employees. Such organizations are required to contribute a fixed amount towards Employee Provident Fund out of employee salary and wages.
EPF registration for Employer is compulsory if:
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Any organization / establishment with 20 or more employees or
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An establishment that has less than 20 workers and the class of such organizations whom the Central Government may, by notice would specify for compulsory EPF employer registration.
Benefits of EPF Registration:
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Great help during mishaps, illnesses, weddings and educational expenses.
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Helpful for long-term goals like buying a property or setting up a fund for children.
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Eligible for this insurance scheme that requires only 0.5 % of the salary deduction as premium.
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Helps the dependents of the employee by covering the financial risks they face in such situations
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Besides the contribution of the employee to EPF, the employer adds an equal amount which is inclusive of employee pension scheme (EPS). Therefore, EPF saves you a robust pension.
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Account can be transferred while switching jobs, Universal account number (UAN) linked to the Aadhar will start to facilitate the linking of the previous accounts.
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Documents required for ESI-PF Registration:
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Name & address of your company.
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Head office & branch details.
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Type of Business Activity.
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List of Directors or Proprietors.
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Self -certified copy of Aadhar Card and PAN card of Directors or Proprietors.
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PAN Card of Company or Partnership Firm (if applicable).
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Address Proof: Electricity bill and Rent agreement or ownership documents like Lease Deed.
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Memorandum and Articles of Association/ Partnership Deed/ Trust Deed as applicable (if applicable).
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GST Registration Certificate or MSME Certificate.
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Month wise employment position, salary details etc.
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Copy of bank statement of last 12 months of the organisation.
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A list of all the employees working in the Establishment.
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Register containing the attendance of the employees.
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Bank details of all the employees.
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PAN and Aadhar of all the employees.
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Form No – 1 (Employers Registration Form) is to be downloaded and filled, it has to be submitted on our mail along with all the above required documents.
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Digital Signature of Employee required, if not available, then click here for documents required for Digital Signature, and provide required documents in addition to the above mentioned documents.
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