Pt, Pf & Esi Rules For Employer - Pptx Download

Hi All,

I am Ekta. I have joined a new startup IT organization based in Gujarat and I need information about PT, PF, and ESI rules for employers. Can anyone help me out with what the criteria and minimum employee strength are as per government rules to fall under these compliances?

Thanks & Regards,

Ekta Maniyar

Hi Buddy,

ESI:

1. Applicable to all factories (including Govt) other than seasonal factories, which means working less than 7 months in a year.

2. Employees who are drawing up to 15,000 Rupees per month (excluding Overtime Wages) are eligible to become ESI members.

3. All workers, including temporary workers, are eligible to become members of ESI.

4. If the temporary workers are employed through contractors and the contractor fails to pay the ESI, then it is the Principal Employer's duty to pay it and deduct it from the contractor's payment.

PF:

1. Applicable to all establishments engaged in an industry specified in Schedule-01 where 20 or more workmen are employed.

2. PF will be deducted from all members at 12% of the Basic wages and Dearness allowances, which is limited up to 15,000 Rupees.

3. Employers also pay an equal amount of contribution for respective employees.

4. All workers, including temporary workers employed in the Schedule 1 industries, are eligible to become members of PF & EPS.

I am attaching a PPT for your reference.

Thumbs Up

Hi, I got to know that now onwards for PF withdrawal, new forms have been launched without employers' signature, i.e., 19 UAN, 10-c UAN, 31 UAN. Can anyone explain the full procedure for it?

Hi Buddy,

As far as my knowledge goes, PF cannot be withdrawn without an employer's signature.

With Regards,

Mr. Thumbs Up

Hi Praveen,

Thanks a lot, Praveen Kumaran, for the valuable information. I would appreciate it if you could share information related to Professional Tax as well. As my company is new, I am going to handle everything. Our company's strength is 14 executives. Should we pay professional tax? If yes, how should I get my company registered and fill PT?

Thanks & Regards,
Ekta Maniyar

Hi Ekta,

This morning, I came to know about the latest PF notification which states that employer attestation is not required. I am attaching that notification for your reference. Please find it.

With Regards,
Mr. Thumbs Up

Hi Ekta,

I am from the HR field, so I don't know about tax matters for the payroll process. Our accounts department informs us about how and to whom we have to deduct professional tax.

With Regards,

Mr. Thumbs Up

Dear Ekta,

Unlike PF and ESI, Professional Tax is not applicable in all states as it is a state tax levied by the respective State Government through the Commercial Tax/VAT Department or through Municipal Corporations. Please share the state to which your company belongs so that further details can be provided.

However, you can call me at 9999236926 for more information.

Regards,
Ashok Kumar Sharma
ACS, LL.B., B.Com