EPF/ESI REGISTRATION IN INDIA
WE NAYAREGISTRATIONARE HERE TO PROVIDE QUICK AND AFFORDABLE SERVICES TO
REGISTER A EPF AND ESI THROUGH 100% ONLINE PROCESS. OUR SERVICES ARE TRUSTED BY
THOUSANDS OF BUSINESSES IN ALL MAJOR CITIES OF INDIA. EPF / ESI IS HIGHLY PREFERRED
FOR EMPLOYEES BENEFIT . WE PROVIDE REGISTRATION OF EPF AND ESI IN INDIA( EPF AND ESI
REGISTRATION IN INDIA ) BY MORE THAN 100 EPF AND ESI.
EMPLOYEES PROVIDENT FUND REGISTRATION
EMPLOYEES PROVIDENT FUND (EPF) IS A SCHEME CONTROLLED BY THE EMPLOYEES’
PROVIDENT FUNDS AND MISCELLANEOUS PROVISIONS ACT, 1952. IT IS REGULATED UNDER THE
UMBRELLA OF EMPLOYEES’ PROVIDENT FUND ORGANISATION (EPFO). PF REGISTRATION IS
APPLICABLE FOR ALL ESTABLISHMENT WHICH EMPLOYS 20 OR MORE PERSONS, SUBJECT TO
CERTAIN CIRCUMSTANCES AND EXEMPTIONS EVEN IF THEY ENGAGE LESS THAN 20 EMPLOYEES.
UNDER EPF SCHEME, AN EMPLOYEE HAS TO PAY A CERTAIN CONTRIBUTION TOWARDS THE SCHEME
AND AN EQUAL CONTRIBUTION IS PAID BY THE EMPLOYER. THE EMPLOYEE GETS A TOTAL AMOUNT
INCLUDING SELF AND EMPLOYER’S CONTRIBUTION WITH INTEREST, ON RETIREMENT OR
RESIGNATION.
WHO IS ELIGIBLE FOR PF?
IT IS OBLIGATORY THAT EMPLOYEES’ DRAWING LESS THAN RS 15,000 PER MONTH,
TO BECOME MEMBERS OF THE EPF. AS PER THE GUIDELINES IN EPF, EMPLOYEE, WHOSE ‘BASIC
PAY’ IS MORE THAN RS. 15,000 PER MONTH, AT THE TIME OF JOINING, IS NOT REQURIED TO
MAKE PF CONTRIBUTIONS. NEVERTHELESS, AN EMPLOYEE WHO IS DRAWING A PAY OF MORE THAN
RS 15,000 CAN STILL BECOME A MEMBER AND MAKE PF CONTRIBUTIONS, WITH THE CONSENT OF
THE EMPLOYER AND ASSISTANT PF COMMISSIONER.
AMOUNT OF PF CONTRIBUTION
THE PF CONTRIBUTION PAID BY THE EMPLOYER IS 12% OF (BASIC SALARY +
DEARNESS ALLOWANCE + RETAINING ALLOWANCE). AN EQUAL CONTRIBUTION IS PAYABLE BY THE
EMPLOYEE. IN CASE OF ESTABLISHMENTS WHICH ENGAGE LESS THAN 20 EMPLOYEES OR MEET
CERTAIN OTHER CONDITIONS, AS PER THE EPFO RULES, THE CONTRIBUTION RATE FOR BOTH
EMPLOYEE AND THE EMPLOYER IS RESTRICTED TO 10%. FOR MOST EMPLOYEES WORKING IN THE
PRIVATE SECTOR, IT’S THE BASIC SALARY ON WHICH THE CONTRIBUTION IS CALCULATED.
EMPLOYEES PENSION SCHEME
OUT OF EMPLOYERS’ CONTRIBUTION, 8.33% WILL BE ROUTED TO EMPLOYEES’
PENSION SCHEME, WHICH IS CALCULATED AT RS 15,000. THE AMOUNT ROUTED TO EPS WOULD BE
RS. 1250 FOR EMPLOYEES WHOSE BASIC PAY AMOUNTS TO RS 15,000 OR MORE. HOWEVER, IF THE
BASIC PAY IS LESS THAN RS 15000, THEN 8.33% OF SUCH AMOUNT WOULD BE ROUTED TO EPS,
THE BALANCE WILL BE RETAINED IN THE EPF SCHEME. ON SUPERANNUATION, THE EMPLOYEE
WOULD RECEIVE THE FULL SHARE PLUS THE BALANCE OF EMPLOYER’S SHARE RESERVED FOR HIS
CREDIT IN EPF ACCOUNT.
BREAKUP OF PF CONTRIBUTION
WE ARRIVE AT THE RATE OF 12% BASED ON THE FOLLOWING
SUB-DIVISION:
3.67% OF CONTRIBUTION TOWARDS EMPLOYEES’ PROVIDENT FUND
1.1% OF CONTRIBUTION TOWARDS EPF ADMINISTRATION CHARGES
0.5% OF CONTRIBUTION TOWARDS EMPLOYEES’ DEPOSIT LINKED INSURANCE
0.01% OF CONTRIBUTION TOWARDS EDLI ADMINISTRATION CHARGES
8.33% OF CONTRIBUTION TOWARDS EMPLOYEES’ PENSION SCHEME
EPF CHARGES
1. CONTRIBUTION IS ROUNDED TO THE NEAREST RUPEE FOR EACH EMPLOYEE, FOR
THE EMPLOYEE SHARE, PENSION CONTRIBUTION AND EDLI CONTRIBUTION.
2. THE EMPLOYER SHARE IS THE DIFFERENCE BETWEEN EMPLOYEE SHARE (PAYABLE AS PER
STATUTE) AND PENSION CONTRIBUTION.
3. MONTHLY PAYABLE AMOUNT LIABLE TO EPF ADMINISTRATIVE CHARGES IS ROUNDED TO THE
NEAREST RUPEE AND A MINIMUM OF RS. 500/- IS PAYABLE.
4. IF THE ESTABLISHMENT HAS NO MEMBER IN THE MONTH, THE MINIMUM ADMINISTRATIVE
CHARGE WILL BE RS. 75/-
5. MONTHLY PAYABLE AMOUNT UNDER EDLI ADMINISTRATIVE CHARGES IS ROUNDED TO THE
NEAREST RUPEE AND A MINIMUM RS 200/-IS PAYABLE.
6. IF THE ESTABLISHMENT HAS NO MEMBER IN THE MONTH, THE MINIMUM ADMINISTRATIVE
CHARGE WILL BE RS. 25/-
7. IN CASE, ESTABLISHMENT IS EXEMPTED FROM PF SCHEME, INSPECTION CHARGES @0.18%,
MINIMUM RS. 5/- IS PAYABLE IN PLACE OF ADMIN CHARGES.
8. IN CASE THE ESTABLISHMENT IS EXEMPTED UNDER EDLI SCHEME, INSPECTION CHARGES @
0.005%, MINIMUM RE 1/- IS PAYABLE IN PLACE OF ADMIN CHARGES.
ESI REGISTRATION IN INDIA
ESI stands for Employee State Insurance managed by the Employee State
Insurance Corporation which is an autonomous body created by the law under the
Ministry of Labour and Employment, Government of India.
This scheme was started for Indian workers. The workers are provided with a huge
variety of medical, monetary and other benefits from the employer. Any non-seasonal
factory and company having more than 10 employees (in some states it is 20
employees) who have a maximum salary of Rs. 21,000/- has to mandatorily register
itself with the ESIC.
Under this scheme, the employer needs to contribute an amount of 3.25% of the total
monthly salary payable to the employee whereas the employer needs to contribute only
0.75% of his monthly salary every month of the year. The only exemption to the
employee in paying his contribution is whose salary is less than Rs. 176/- per day.
Nayabusines Provides ESI Registration for the benefit of all the employers and
employees in India.
After the ESI Registration There are Compulsory Return Filing Process In India Which
gives the Benefit of ESI Registration.
Naya Registration Takes care all the Registration of ESI and its Return Filing
Compliances.