File Your PF & ESI Returns Today!
Maintaining compliance with PF and ESIC laws and regulations is an important part of being a responsible employer in India.
PF & ESI Compliance- An Overview
As an employer in India, it is important to ensure compliance with the laws and regulations related to the Employees’ Provident Fund (EPF) and the Employees’ State Insurance Corporation (ESIC). These are social security schemes set up by the government of India to provide financial security to employees in case of unemployment, injury, or death. Employers are required to contribute a portion of their employees’ salaries towards these schemes and file returns to keep their compliance status up-to-date.
Due Dates for PF and ESIC Compliance:
- EPF contributions are due by the 15th of every month and must be paid to the Employees’ Provident Fund Organization (EPFO).
- ESIC contributions are due by the 15th of every month and must be paid to the Employees’ State Insurance Corporation (ESIC).
Penalties for Non-Compliance:
- If an employer fails to make contributions to EPF and ESIC as required, they may be subject to fines and penalties.
- The government can also take legal action against an employer for non-compliance with PF and ESIC laws and regulations.
- In addition to fines and penalties, non-compliance can also damage a company’s reputation and credibility.
Maintaining compliance with PF and ESIC laws and regulations can be complex and time-consuming, especially for businesses that are growing and have limited resources. That’s why it is important to consider outsourcing payroll compliance to a professional service. With a team of certified professionals and extensive experience in payroll compliance, a professional service can help businesses stay compliant and avoid legal and financial penalties.
File your PF & ESI returns online starting at Rs.99/- per employee
With a team of certified professionals and extensive experience in payroll compliance can help you stay compliant.
What We Offer:
PF & ESI Calculation
Challan Generation
Return Filing
Documents Required for PF & ESI Compliance
Salary Register
KYC of Employee
Contact Details
Benefits of PF and ESIC Compliance
Financial security for employees
By contributing to PF and ESIC, employers can provide their employees with financial security in case of unemployment, injury, or death.
Tax benefits
Employer contributions to PF and ESIC are eligible for tax deductions, which can help reduce a company's overall tax burden.
Employee morale
Providing employees with financial security can help improve employee morale and motivation, which can benefit the company in the long run.
Compliance with laws and regulations
Maintaining compliance with PF and ESIC laws and regulations can help a company avoid legal and financial penalties.
Better record-keeping
Regularly filing returns can help a company keep better records of its payroll and employee-related expenses.
Professional support
Outsourcing PF and ESIC compliance to a professional service can provide a company with access to expert support and guidance, which can save time and resources.
How we work?
Step 1: Consultation with Expert
Step 2: Payroll Process
Step 3: Monthly Filing
Step 1: Consultation with Expert
Our expert will call you after your contact form submission, then after consultation you will submit all the required documents to us for further processing.
Step 2: Payroll Process
After your documents submission we will process the payrolls of employee on monthly basis.
Step 3: Monthly Filing
Our job will be done after filing of all statutory returns every month.
Are you still confused?
Our team of experts can help you out finding the best solution for you. Contact us today!
Frequently Asked Questions
EPF and ESIC are social security schemes set up by the government of India to provide financial security to employees in case of unemployment, injury, or death. Employers are required to contribute a portion of their employees’ salaries towards these schemes.
EPF contributions are due by the 15th of every month and must be paid to the Employees’ Provident Fund Organization (EPFO). ESIC contributions are due by the 15th of every month and must be paid to the Employees’ State Insurance Corporation (ESIC).
If an employer fails to make contributions to EPF and ESIC as required, they may be subject to fines and penalties imposed by the government.
Yes, employers can file EPF and ESIC returns online using the official portals of the Employees’ Provident Fund Organization (EPFO) and the Employees’ State Insurance Corporation (ESIC).
The penalty for non-compliance with EPF and ESIC laws and regulations may vary depending on the specific circumstances, but it can include fines, legal action, and damage to a company’s reputation and credibility.
An employer is required to be covered under EPF if they have 20 or more employees. An employer is required to be covered under ESIC if they have 10 or more employees.
Yes, employers can claim tax benefits for their contributions to EPF and ESIC under the provisions of the Income Tax Act, 1961.
Yes, an employee can withdraw their EPF balance in certain circumstances, such as for the purpose of buying a house, marriage, or education.
If an employer needs to make changes to their EPF or ESIC returns, they should contact the Employees’ Provident Fund Organization (EPFO) or the Employees’ State Insurance Corporation (ESIC) and follow the process for making changes to their returns.
It is mandatory for all employers with 20 or more employees to be covered under EPF, and for employers with 10 or more employees to be covered under ESIC. However, small businesses with fewer employees may choose to be covered voluntarily.
Why us?
Fastest Service
Affordable Rate
One Stop Solution
Testimonials
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