PF & ESI Registration

Employees’ Provident Fund or PF is a social security system that helps employees save a short portion of their salary for future benefits.

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Overview

The employee state insurance (ESI) is regulated by the Employee State Insurance Corporation which is an autonomous body under the Ministry of Labour and Employment, Government of India. The workers are presented with a huge variety of medical, monetary, and other advantages from the employer.

Employment Provident Fund (EPF) is a retirement perk that can be availed by every salaried employee. Any organization employing 20 employees or more are required to register under the EPFO. Contribution to the PF account is necessary for each employee receiving a basic salary up to INR 6500. Under this scheme, the employer needs to contribute an amount of 3.25% of the total monthly salary payable to the employee whereas the employer needs to contribute only 0.75% of his monthly salary every month of the year.