ESI/PF Registration
Employee State Insurance (ESI) and Provident Fund (PF) are crucial social security schemes in India that provide financial assistance to employees. ESI offers medical and cash benefits for sickness, maternity, or injuries, required for establishments with 10 or more employees earning below a certain wage. PF allows employees to save a portion of their salary for retirement and is mandatory for establishments with 20 or more employees.
FAQ
Your Guide to Understanding ESI and PF Benefits!
ESI registration is mandatory for establishments with 10 or more employees earning below a specified wage threshold. Compliance not only protects your employees but also enhances your company’s credibility and reputation.
PF registration is mandatory for establishments with 20 or more employees. Ensuring compliance with PF regulations is essential for safeguarding employees' financial futures and fostering trust within your workforce.
For ESI Registration:
- Company PAN Card
- Certificate of Incorporation or Partnership Deed
- Address proof of the establishment (Utility bill, Rent Agreement)
- Details of employees (name, date of birth, designation, and salary)
- Bank account details of the establishment
For PF Registration:
- Company PAN Card
- Certificate of Incorporation or Partnership Deed
- Address proof of the establishment
- List of employees along with their KYC documents (Aadhar, PAN)
- Bank account details of the establishment
- Consultation: Contact Beginquest Service Pvt Ltd for an initial consultation to understand your requirements.
- Document Preparation: Gather and prepare all necessary documents.
- Application Submission: Submit the application for ESI/PF registration through the respective government portals.
- Follow-Up: We will track the application status and ensure compliance with all necessary regulations.
- Obtaining Registration Number: Once approved, we will provide you with the registration numbers for both ESI and PF.
Frequently Asked Questions (FAQ) of ESI/PF Registration
Who needs to register for ESI/PF?
Any establishment with 10 or more employees (for ESI) or 20 or more employees (for PF) must register.
What are the contribution rates for ESI and PF?
ESI contributions are typically 0.75% by the employee and 3.25% by the employer. PF contributions are 12% from both the employer and employee.
How long does the registration process take?
The registration process can take anywhere from a few days to a few weeks, depending on the completeness of documentation and government processing times.
Can I get assistance in claiming ESI/PF benefits?
Yes, Beginquest Service Pvt Ltd offers comprehensive support in claiming ESI/PF benefits as part of our services.