Hi everybody,
companies need to register for PF if they have more than 10 employees and if the employees Basic+DA is less than 6500 then minimum contribution from both employee and employer's end would be 12% of B+DA compulsorily.
If the B+DA is more than 6500 then both the Employee and Employer has the option of opting out of it, provided the employee has joined the organisation where the employees B+DA is greater than 6500 from the beginning of his employment.
If the B+DA is more than 6500 then employee has to pay 12% of his actual B+DA while the contribution from the employer's end can be restricted to Rs- 780/- or 12% of B+DA. listed above are the options that you can choose from.
As far as ESI is concerned employee is eligible for ESI if his gross salary is less than Rs- 10000/- and the company should register if they have more than 10 employees in this category.
Hope this clears your doubts
Regards,
hari

From India , Bangalore
Hi..
Our company is a pvt ltd concern which is into exhibition stall construction (temporary construction).since 2006 we have taken EPF for our permanent employees.But recently we have received a notice from PF dept. that we have to include our temporary workers for the stall construction also under the PFcoverage .can you please tell us whether PF is applicable for such temporary workers ????

From India , Ernakulam
Hi, I have a doubt. Is it true that companies with power has to register PF if the number of employees are more than 10?
From United States , Newport Beach
i have joined newly as HR in an engineering pvt ltd,basically i am fresher to this field,i required details of offer letter,esi,pf,absenteeism,administration details and all,please guide me..
Thanks & Regards
R.Gokulanathan
09894160843
hi to all,
i have joined newly as HR in an engineering pvt ltd,basically i am fresher to this field,i required details of offer letter,esi,pf,absenteeism,administration details and all,please guide me..
Thanks & Regards
R.Gokulanathan
09894160843

From India , Bangalore
Hi,
I require a clarification regarding ESI and PF.
One query has to me that a proprietary concern(in construction field) having its shops and establishment in 2004-05, Vat registration the same year, but there is no registration done for ESI and PF.
As per their consultant, they say that "since the concern had contract labours till 2009-10 and only 10 staffs working for the proprietary concern, no need for registration of ESI and PF".
As per the act, if we have contract labours, the contractor has to pay ESI and PF otherwise it is the liability of the Employer only--- Please give me the explanation.
Also another consultant says that, we have to calculate the total contract labour + wages paid from 2004-05 to 2009-10 and we have to pay with penalty to ESI and PF office then only the concern will not be under trouble.
Could somebody explain about this with previous cases in the similar way.
Thanks and regards,
Hamsaveni

From India , Bangalore
Dear Alex,

You need to be registered under epf and esic if your total employee including out sourced contractor employee working under the individual firm is more than 20.

EPF is also applicable to employee drawing a salary higher than 6500 or above if your firm is not deducting epf then get form 11 signed from the employee and keep for your records, How ever the company can be rigid on employer contribution on a basic of 6500 irespective of salary above 6500, Example if an employee's basic salary is 7000 and he is demanding epf then you are liable to give epf on the maximum of 6500 not on 7000' but remeber you must have form 11 dully signed by employee seeking exemption under PF other wise your liability exists, PF is not calculated on gross drawing, it is always calculated on basic salary and basic salary should not be below minimum wages of particular catogery of that state.

Liability of ESIC is on gross salary and if any employee is drawing gross salary above 15000PM then he is excempted

From India , Mumbai

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2021 Cite.Co™