Hi..
The formalities for ESI is you must have a strength of 20 employees, no matter whether they are getting salary more than 10000/- or lesser. As maxcimum ceiling of ESI contribution is upto 10000/- Gross/Month only. Those getting 10001/- will be exempted from the ESI.
Yes ESI and ESIC is same. ESIC stands for Employee State Insurance Corporation..
The Employer should get the Factory or Establishment registered with the ESI Corporation within 15 days of the applicability of ESI Act. The declaration of registration is to be filled in form 01, along with a separate sheet containing the name and address of the Establishment, number of employees, nature of duty and name, designation and address of the manager controlling such persons, in respect of office situated outside. After been satisfied with the application the ESI regional office will allot a code number to the employer.
After that only you can register your emplyees with the ESI. They have to fill up a declaration form FORM 1, written clearly Male or Female. All the declaration forms should be counter signed by the employer.
Then prepare a return of declaration in form 3 separate for Male & Female within 10 days of filling of declaration form.
Then every employee shall be alloted an temporary identification number.
For PF formalities the company must be 3 years old. After that only it can be registered with the PF department. Even for this Act also the minimum number of employee should be 20.
Every employer of an establishment to which the Employee Provident Fund Act applies, should submit in Form 5A(in duplicate) to the commisioner, particulars of all the branches and departments, owners, directors, partners if any or any other person who is controlling its affair within 15 days of its applicability of the scheme.
On receipt of Form 5A, the commisioner shall verify the particulars submitted and after been satisfied shall allot an Establishment Code No.
PF contribution is 12% of basic from both employee & employer side.. out of this 24% 8.33% goes to pension fund while rest goes to provident fund.
The ceiling for this is 6500/- basic per month.
Whereas ESI is contributed on the basis of gross/month..
It is contributed 1.75% from the employee side whereas contributed 4.75% from the employer side..
Hope now it will be very much clear with you.
Feel freeto revert if any problem is there to get it understand.
From India, Ahmadabad
496The formalities for ESI is you must have a strength of 20 employees, no matter whether they are getting salary more than 10000/- or lesser. As maxcimum ceiling of ESI contribution is upto 10000/- Gross/Month only. Those getting 10001/- will be exempted from the ESI.
Yes ESI and ESIC is same. ESIC stands for Employee State Insurance Corporation..
The Employer should get the Factory or Establishment registered with the ESI Corporation within 15 days of the applicability of ESI Act. The declaration of registration is to be filled in form 01, along with a separate sheet containing the name and address of the Establishment, number of employees, nature of duty and name, designation and address of the manager controlling such persons, in respect of office situated outside. After been satisfied with the application the ESI regional office will allot a code number to the employer.
After that only you can register your emplyees with the ESI. They have to fill up a declaration form FORM 1, written clearly Male or Female. All the declaration forms should be counter signed by the employer.
Then prepare a return of declaration in form 3 separate for Male & Female within 10 days of filling of declaration form.
Then every employee shall be alloted an temporary identification number.
For PF formalities the company must be 3 years old. After that only it can be registered with the PF department. Even for this Act also the minimum number of employee should be 20.
Every employer of an establishment to which the Employee Provident Fund Act applies, should submit in Form 5A(in duplicate) to the commisioner, particulars of all the branches and departments, owners, directors, partners if any or any other person who is controlling its affair within 15 days of its applicability of the scheme.
On receipt of Form 5A, the commisioner shall verify the particulars submitted and after been satisfied shall allot an Establishment Code No.
PF contribution is 12% of basic from both employee & employer side.. out of this 24% 8.33% goes to pension fund while rest goes to provident fund.
The ceiling for this is 6500/- basic per month.
Whereas ESI is contributed on the basis of gross/month..
It is contributed 1.75% from the employee side whereas contributed 4.75% from the employer side..
Hope now it will be very much clear with you.
Feel freeto revert if any problem is there to get it understand.
From India, Ahmadabad
P.F.
Every Month Returns:
Form 12 A - Monthly Contribution Report
Form 5 - Employees Additional Report (If you include newly on this month you have to furnish on this return. Otherwise you have to give "Nil" Return)
Form 10 - Monthly Deletion Report ( If you want delete any employee name on this month you have to mention that names, and detail on this resume. Otherwise you have to give "Nil" Return)
Combined Challan P.F. Office Copy.
Annual Returns:
Form 6A - Annual Contribution Report
Form 3A - Employees Individual Contribution Card
Contribution Employee
P.F. A/C - 12 %
Employer Contribution:
P.F. A/C - 3.67 %
Pension A/C - 8.33 %
E.D.L.I. - 0.5 %
P.F. Admin Charges - 1.10 %
E.D.L.I. Admin Charges - 0.01 %
All Contribution should calculated from Basic & D.A. only.
Thanks. It may help You.
Suthanthira Selvan
From India, Madras
Every Month Returns:
Form 12 A - Monthly Contribution Report
Form 5 - Employees Additional Report (If you include newly on this month you have to furnish on this return. Otherwise you have to give "Nil" Return)
Form 10 - Monthly Deletion Report ( If you want delete any employee name on this month you have to mention that names, and detail on this resume. Otherwise you have to give "Nil" Return)
Combined Challan P.F. Office Copy.
Annual Returns:
Form 6A - Annual Contribution Report
Form 3A - Employees Individual Contribution Card
Contribution Employee
P.F. A/C - 12 %
Employer Contribution:
P.F. A/C - 3.67 %
Pension A/C - 8.33 %
E.D.L.I. - 0.5 %
P.F. Admin Charges - 1.10 %
E.D.L.I. Admin Charges - 0.01 %
All Contribution should calculated from Basic & D.A. only.
Thanks. It may help You.
Suthanthira Selvan
From India, Madras
Dear sir , Can u plz suggest me how we can register for esi deduction,and from where we got the form of esi deduction,,,,,plz tell me the whole process..... Thanks & Regards Niti Khatri
From India, Delhi
From India, Delhi
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