PF and ESIC Registration

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What is the Eligibility for ESI Deduction?

ESI scheme applies to all establishments, like corporate organizations, factories, restaurants, cinema theatres, offices, medical and other institutions which are located in the scheme-implemented areas, where 10 or more people are employed. All employees of a covered unit, whose monthly incomes (excluding overtime, bonus, leave encashment) does not exceed Rs. 21,000 per month, are eligible to avail benefits under the Scheme. ESI fund provides cash and medical benefits to employees and their immediate dependents. ESI deduction is calculated on an employee’s gross pay. Most of the employees face confusion in understanding ESI deduction rules because they aren’t clear with the concept of Gross Salary amount. Gross salary is described as the total income earned while working in a job, before any deductions made for health insurance, social security and state or federal taxes. For ESI calculation, the salary comprises of all the monthly payable amounts such as basic pay, dearness allowance, city compensatory allowance, HRA, incentive allowance, attendance bonus, meal allowance and special allowance. The salary, however, does not include annual bonus, retrenchment compensation, encashment of leave and gratuity.
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What is the Eligibility for PF Deduction?

For EFP, both the employee and the employer contribute equal amount, which is 12% of the salary of the employee. However, the employee contributions may differ. Employees can contribute more than 12% of their salary voluntarily. However, in such a case, the employer is not bound to match the extra contribution of the employee. For PF contribution, the salary comprises of components such as: basic wages, DA, conveyance allowance and special allowance. For the PF deduction, the maximum limit of salary of the employee is Rs 15,000 per month. This means that even if the employee’s salary is above Rs 15,000, the employer is liable to contribute only on Rs 15,000 that is Rs 1,800.

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What is the statutory compliance for PF?

The statutory compliance for PF contribution has some less known facts associated with it. The PF is divided into EPF and EPS (Employee pension Scheme) contributions. The employees’ contribution goes straight to EPF whereas from employer’s contribution, the 8.33% goes to EPS subject to Rs 1,250 a month and the rest goes to EPF.

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PF Number without Verification

Starting at ₹ 5900

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    PF and ESIC No without Verification

    Starting at ₹ 11800

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    PF and ESIC No with Verification

    Starting at ₹ 17700

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    Documents Required For PF and ESIC Registration

    • Pan card of Applicant/Company/LLP/Firm
    • Copy of GST registration
    • Registered Address Proof Of Company
    • Cancelled Cheque of Firm Account
    • Digital Signature of Applicant/ Partner/Director
    • List of Employees as under Name, Father Name, Date Of Birth, Date of Joining, Salary, Nature of work.
    • PAN and Aadhar of Applicant/ Director / Partners
    • Pan card of Applicant/Company/LLP/Firm
    • Copy of GST registration
    • Registered Address Proof Of Company/LLP/Firm
    • Cancelled Cheque of Company/LLP/Firm Account
    • Digital Signature of Applicant/ Partner/Director
    • List of Employees as under Name, Father Name, Date of Birth, Date of Joining, Salary, Nature of work.
    • PAN and Aadhaar of Applicant/ Director / Partners
    • Signature card (Format provided by us)
    • Consent Letter in case of voluntary registration (Format provided by us)

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