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ESI/PF Return

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Get ESI/PF returns filed starting from ₹ 1000/-

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Introduction

Employees’ State Insurance Corporation is a statutory corporate body set up under the ESI Act 1948, which is responsible for the administration of ESI Scheme. The ESI is a self-financed social security comprehensive scheme devised to protect the employees against financial distress such as sickness, disablement or death due to employment injuries.

EPF stands for Employee Provident Fund that is a scheme for providing monetary benefit to all salaried employees which act as the best investment methods

After taking registrations it is mandatory to file the returns on time as required under the statute otherwise there are prescribed penalties that have to be borne by the employer.

Eligibility
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Eligibility

Employee State Insurance scheme

is applicable to all the factories and establishments where: Organization having count of employees 10 or more and. Their monthly salary should not exceed Rs. 21,000 and Rs. 25,000 for people with disability.

Employee Provident Fund scheme

is applicable to all the factories and establishments where: Organization having count of employees 20 or more and. Their monthly wage is not more than Rs 15000.

Advantage
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Advantage of ESI/PF Returns

ESI Benefits

  1. Medical benefit
  2. Sickness benefit
  3. Maternity benefit
  4. Disablement benefit
  5. Dependents benefit
  6. Funeral expenses
  7. Rehabilitation allowance

EPF Benefits

  1. Tax Benefits
  2. Premature withdrawal
  3. Pension Benefits
  4. Financial Support
  5. Contribution by employee
  6. Long Term Planning
  7. Interest benefits

Due Dates of Filing ESI Return

The due date for ESI payment is 21st of every month and the returns are filed on half yearly basis which are as follows :
April-September : 11th of November
October – March : 11th of May

Due Date of filing PF Return

The due date for PF payment is 15th of every month and the returns are filed on a monthly basis by 25th of the following month. Also an annual return is required to be filed by the 25th of April of the following financial year.

Documents
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Documents Required

Process
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Process of PF/ESI Return

1. Complete the Application Form

You are requested to first fill the simple questionnaire provided by our expert team.
Direction Arrows
Step 01

2. Document Processing

At the second step we will be requiring the documents in accordance with the questionnaire filled by you so that we can arrange them as per the requirement and for processing.
Step 02

3. Filing of Application:

We will apply for your ESI/EPFO application along with the documents and other declarations online at Shram Suvidha Portal.
Step 03

4. Intimation of Filing

After the processing we will communicate to you regarding the filing of the returns.
Step 04
ESI
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ESI

Employers have the responsibility to contribute to the ESI fund by deducting the employees’ contribution from wages and combining it with their own contribution.

Employers have to deposit the combined contributions within 15 days of the last day of the Calendar month. The payments can be made online or to authorized designated branches of the State Bank of India and some other banks.

ESI
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ESI Monthly Contribution

The employer and employee have to contribute at the rates specified by the government from time to time. The contribution to ESI fund is as follows by the employer and employee:

Employee: Employee has to contribute 0.75% of his basic wages
Employer: Employer has to contribute 3.25% of the basic wage.

ESI
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ESI Monthly Contribution

Employers have the responsibility to contribute to the EPFO fund by deducting the employees’ contribution from wages and combining it with their own contribution.

Employers have to deposit the combined contributions within 15 days of the last day of the Calendar month. The payments can be made online or to authorized designated branches of the State Bank of India and some other banks.

ESI
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EPF Monthly Contribution

The employer and employee have to contribute at the rates specified by the government from time to time. The contribution to EPF fund is as follows by the employer and employee:

Employer and Employee shall contribute 12% of employees’ basic wages and dearness allowances

Faq's
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FAQs On ESI/PF Returns

On whom ESI is applicable?

EPF is applicable to companies having minimum of employees is 10 and notified by the Central Government.

What is ESI leave?

The Employees State Insurance scheme under the ESI, Act, 1948 provides social security coverage to workers employed in various factories and establishments, and covers contingencies such as sickness, maternity leave, and physical disablement or death due to employment injury resulting in loss of wages or earning.

 
Is there any age limit for ESI?

There is no age limit for ESIC Contributions. But for PF Contributions, if employee crosses 58 Yrs of age his Pension fund will also be remitted in the Provident funds account itself.

Can I withdraw my ESI money?

ESIC is insurance for people having income below certain income level. It helps you to get excellent medical care for your family free of cost. ESI deduction premium is not for withdrawal proposes.

Which is better ESI or health insurance?
ESI is a statutory obligation on the employer whereas medical insurance is not an obligation. Employer may takes medical health insurance policy where its employees salary is exceeds 21000/- because employees with salary more than 21000 are out of ESI coverage so it is better to go for Group Medi-claim Policy as premium of this is less and company will get tax benefit on it.
Can ESI amount be withdrawn?

ESI deduction is premium, you cannot withdraw from it.

How can I get ESI maternity benefit?

The benefits are available to insured women for up to a period of twenty-six weeks (extendable by one month on medical advice), of which not more than eight weeks shall precede the expected date of confinement.

Can I continue ESI after leaving job?

ESIC approves unemployment benefit scheme for formal sector workers. Workers will be able to withdraw about 47% of their total contributions towards ESIC after remaining unemployed for at least 3 months from the date of leaving their previous jobs, according to the draft scheme.

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