PF and ESI Registration
EPF REGISTRATION: Organization with 20 or more employees is required by law to register for EPF Scheme within one month of attending the minimum strength of 20 employees. Small organizations which do not have minimum strength can register themselves voluntarily. If an employee drawing salary more than 15000 per month, it is not mandatory for that employee to become a member of EPF Scheme.
ESI REGISTRATION: ESI Registration is to be mandatorily done when the employers are having more than 10 employees but it applies to employees with low earnings. As per the act, all employees whose earnings are Rs. 15000 or less per month, it is required for them to contribute 0.75% of their pay towards the ESI and 3.25% by the company towards ESI. For successful, ESI Registration the employer will need to pay the advance contribution for 6 months.
APPLICABILITY OF ESI SCHEME:
(i) Shops
(ii) Hotels or restaurants not having any manufacturing activity, but only engaged in ‘sales’.
(iii) Cinemas including preview theaters;
(iv) Road Motor Transport Establishments;
(v) Newspaper establishments. (That is not covered as factory under Sec.2 (12));
(vi) Private Educational Institutions (those run by individuals, trustees, societies or other organizations and Medical Institutions (including Corporate, Joint Sector, trust, charitable, and private ownership hospitals, nursing homes, diagnostic centers, pathological labs).
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