ESI/PF Return
With Firm Registration
- Filed by the employers falling in ambit
- Returns to be filed every month
- Simple and Secure Online Process
- Dedicated Professional
- Expert CA/CS Advice
- Get your ESI/PF Returns filed in 4-5 days
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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
Advantage of ESI/PF Returns
- Medical benefit
- Sickness benefit
- Maternity benefit
- Disablement benefit
- Dependents benefit
- Funeral expenses
- Rehabilitation allowance
- Tax Benefits
- Premature withdrawal
- Pension Benefits
- Financial Support
- Contribution by employee
- Long Term Planning
- 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 Required
- Employee wise breakup of contributions
- Digital Signature Certificate
- Copy of Challan Payments
- Employee wage register
- Any accidents or mis-happening details
- Any other details, as required
Process of PF/ESI Return
1. Complete the Application Form
2. Document Processing
3. Filing of Application:
4. Intimation of Filing
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 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 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.
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
FAQs On ESI/PF Returns
EPF is applicable to companies having minimum of employees is 10 and notified by the Central Government.
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.
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.
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.
ESI deduction is premium, you cannot withdraw from it.
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.
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.