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With the help of EPF and ESIC expert from Laudable Legal Solutions register EPF and ESIC online & avail various benefits from Govt. of India.
Out of all the schemes and laws, the EPF and ESIC are the most sought after. In both the schemes a predefined percentage is deducted from employee’s salary and proportionate amount is added to it by employer and then aggregate amount is deposited to the account of concerned employee.
Laudable Legal Solutions helps you with the process of PF registration and ESI registration and in the management of EPF and ESIC accounts. We also help with timely deposits of the funds in the EPF and ESIC accounts and keeping it up to date with the recent amendments in the law regulating it.
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The Employees’ Provident Fund (EPF) is a savings scheme introduced under Employees’ Provident Fund and Miscellaneous Act, 1952. It is managed by the central board of trustees consisting of the government, employer and employees; it is assisted by The Employees’ Provident Fund Organization. EPFO works under the direct jurisdiction of the government and is managed through the Ministry of Labour and Employment.
EPF is commonly known as PF in India and is a scheme through which a portion of employee’s income is set aside for use during any emergency or post-retirement. The employer and employees deposit a certain percentage towards PF every month. The percentage of money to be deducted from the employee’s salary and percentage to be contributed by the employer is predefined under EPF Act.
Note:- Establishment with less than 20 employees may get themselves voluntarily registered.
Per Employee
Per Employee
At Laudable Legal Solutions our skilled professionals regularly watch for any amendments in the ESIC and EPF acts and accordingly guide our client base that necessary course of action is required to be taken. Our skilled professionals help you with the following:-
ESIC Scheme ensures various benefits to registered employees and their dependents. List of benefits is as follows:
The finance of ESI scheme comes from both employees and employers. Every month, 4% of the ESI contribution will be deposited to the ESIC fund. The employers are required to contribute 3.25% and employees give 0.75% of their payable wage.
So, 4% of the total contribution is as below:
Employers | Employee |
---|---|
3.25% | 0.75% |
There are many benefits of registering to the EPF scheme, some of these are:-
Delay in payment of PF by employer having PF registration will attract penalty as follows
Period of Delay | Rate of Penalty (p.a.) |
---|---|
Upto 2 months | 5% |
2 - 4 months | 10% |
4 - 6 months | 15% |
Above 6 months | 25% |
ESIC stands for Employee State Insurance Corporation is an autonomous body created by law and is under the control of the Ministry of Labour and Employment, Government of India. It regulates the ESI scheme as per ESI Act of 1948.
Get online experts’ assistance from Laudable Legal Solutions, Our Expert will help you with the hassle free registration process of ESIC and in completing further compliances within time to avoid penal consequences.
Organizations having ESIC Registration are obliged to do standard ESIC return filing within specific dates. The scheduled procedures are:
ESIC filling interval | Due date |
---|---|
Half Yearly | April-September: 11th November |
Annually | 31st January |
Due Date of ESIC Contribution: ESIC Contribution amount to be deposited before 15th of the month following the month in which deductions are made
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