ESI/PF Returns

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.

Sprinthub Solutions will provide you all the necessary services and returns related to EPF/ESI. You may get in touch with our team on 096436-69475 or email info@sprinthub.in for all ESI and PF registration.

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 of ESI/PF Returns

ESI Benefits
Medical benefit

Sickness benefit

Maternity benefit

Disablement benefit

Dependents benefit

Funeral expenses

Rehabilitation allowance

EPF Benefits

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
Employee wage register
Digital Signature Certificate
Any accidents or mis-happening details
Copy of Challan Payments
Any other details, as required

Process of PF/ESI Return

01
Complete the Application Form
You are requested to first fill the simple questionnaire provided by our expert team.
03
Filing of Application:
We will apply for your ESI/EPFO application along with the documents and other declarations online at Shram Suvidha Portal.
02
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.
04
Intimation of Filing
After the processing we will communicate to you regarding the filing of the returns.

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.

EPF

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