PF/ESIC Related Queries

Hi, I have a few doubts.
we have started a company with 5 employees.
Are we supposed to deduct/contribute towards PF?
There are some employees with salary above and below 15000. What are the PF/ESIC/Bonus implications I should consider while processing their payroll?

cong. to start a comp. dear u dont need pf n esic registration now. if any assistance cont us 7060309692,9634359692 deepak

You do not come under the purview of PF/ESI, For EPF statutory threshold is 20 and ESI 10/20 depending on whether you are working with or without power

you shud deduct 12% from their basic salary for pf. and for esic u shud deduct 2.25% from their basic. nd more over for esic and additional contribution of 4.75% to bee added from the employers salary. u shud deduct both. as it is benificial from view point of employee

Mr. hranubhav,
Please go through the query, the person concerned is seeking guidance as to whether the provisions are applicable or not keeping in view of number of persons employed by him. Whereas you are without going into it, intimating some wrong / misleading information. It is better not to quote anything if you are not having knowledge of the subject.
Mr Devdas.krishnan, [Login to view] has rightly advised you.
P K Sharma