What we do
ESI/EPF Registration
@ ₹3999/-
ESI/EPF Registration
The provident fund is a major fund collection scheme by the government of India to support and assist the working class in their future needs. The government also provides higher interest rates in return to maintain the funds in the government treasury and give individuals a higher sense of security.
Registration of Employees PF
A company with 20 or exceeding employees is needed by law to register in the EPF scheme within one month of attending the minimum strength of 20 employees. The small companies which do not own minimum strength would register themselves. It is not essential for the employee to become a member of the EPF scheme when the employee takes a salary exceeding Rs 15000 per month
Registration of ESI
ESI Registration is essentially performed when the employer secures more than 10 employees however the same is applicable for employees who have lower earnings. According to the act all the employees whose earnings are Rs 15000 or lower per month, the same are needed to contribute 0.75% of their pay for ESI and 3.25% by the company for ESI. For effective, ESI enrollment the employer would be required to furnish the advance contribution for 6 months
ESI Scheme Applicability
- Shops
- Hotels or restaurants not securing any activity related to manufacturing, but only involved in ‘sales’.
- Cinemas including preview theatres;
- Road Motor Transport Establishments;
- Newspaper establishments (that is not covered as factory under Sec.2(12));
- Private educational institutions run via peoples, trustees, societies or other organizations, and Medical Institutions (including Corporate, Joint Sector, trust, charitable, and private ownership hospitals, nursing homes, diagnostic centers, and pathological labs.
Interest Rates of Employee PF in the Last 11 Years
Financial Year (FY) | Interest Rate p.a. |
| 2021-2022 | 8.1% |
| 2020-2021 | 8.50% |
| 2019-2020 | 8.50% |
| 2018-2019 | 8.65% |
| 2017-2018 | 8.55% |
| 2016-2017 | 8.65% |
| 2015-2016 | 8.80% |
| 2013-2015 | 8.75% |
| 2012-2013 | 8.50% |
| 2011-2012 | 8.25% |
| 2010-2011 | 9.50% |
Advantages of ESIC Registration
The advantages of enrolling on this scheme are:
- Sickness advantages a 70% rate in a salary form if any certified illness exists for a maximum of 91 days in any year.
- Medical benefits to the employee and his family members.
- Maternity advantage to women who are pregnant is in the form of paid leaves.
- Employee’s death during his/her working period, 90% of the salary is provided to his dependents in the form of the monthly payment post to the employee’s death.
- Identical to the above for the case of the employee’s disability.
- Funeral expenses.
- Old age medical care expenses.
Advantages of Employee PF Registration
- The PF scheme provides a pre-fixed interest on the deposit secured within EPF India.
- Nearly 8.5% of the employer’s contribution is rendered to the employee pension scheme. The same would assist to create healthy retirement money for employees.
- The employee can withdraw the amount from the EPF fund during an emergency.
- Earnings made from the EPF are privileged from tax.
The registration for ESIC and EPF would be essential for all the new firms to be availed during the incorporation period with effect from the date Feb 23, 2020, and no individual ESIC and EPF registrations would be provided by Shramsuvidha portal to any firm.
