PF & ESI returns
E SI & PF are essential social welfare scheme in India. Every organisation having workman more than 10 or 20 respectively need to obtain ESI & PF registration. ESI provides security against illness or disease whereas PF provides security against uncertain fund requirement in future and its a great saving option also. As per the respective scheme employer & employee contribute the part in these schemes. So employer need to report to such contribution to authorities by monthly returns. There are Separate Returns need to be filed under both schemes.
We, Compliance Hands,a team of more than 50 qualified professionals like CA, CS, Advocates etc, having experience of more than 5 years of handling task like this and have completed more than 2000 projects. We ensure are the all the compliance on time and you can carry on your business without any hiccups.
Applicability of PF
* For every factory engaged in industry employing 20 or more employees.
* For every other establishment having 20 or more employees during previous year.
* For every employee who is getting less than INR 15000/- per month.
Contribution for EPF
Contribution By | Monthly Percentage Contributed (%) |
Employee | 12/10* (10% where employee less than 20 having loss more than net worth or for sick companies) |
Employer | 12 (Employer’s contribution includes 3.67% EPF and 8.33% EPS) |
Total | 24% |
Retrun Due date & Payment date
Type | Due Date |
Return filing | on or before 15th of every next month |
PF Payment | on or before 15th of every next month |
PF Annual Return | 25th April of every year |
Late Fees/Penalty:
PF delay payment interest
PF Delay Payment interest An employer who does not pay the contribution within the time limit shall be liable to pay a simple interest at the rate of 12% per annum for each day of the default or delay in payment of contribution
Penalty:
Delayed remittance of PF deposit will incur penal damages. The charges as specified as follows
Period of Delay | Penalty |
Delay upto 2 months | 5% interest per annum |
Delay of 2-4 months | 10% interest per annum |
Delay of 4-6 months | 15% interest per annum |
Delay of more than 6 months | 25% interest per annum which can’t exceed 100% at a time. |
Applicability of ESI
– For every non-seasonal factories, shops, hotels, restaurants, cinemas including preview theaters, road-motor transport undertakings, newspaper establishments, establishments engaged in Insurance Business, Non Banking Financial Companies, Port Trust, Airport Authorities and Warehousing establishments, Private Medical Institutions, Educational institutions and to contract and casual employees of Municipal Corporation/Municipal Bodies employing 10* or more persons.
*Note: However the threshold for Coverage of establishments is still 20 Employees in Maharashtra and Chandigarh.
– For every employee who is getting less than INR 21,000/- per month [Rs. 25,000/- per month in the case of persons with disability].
Contribution for EPF
Contribution By | Monthly Percentage Contributed (%) |
Employee | 0.25 |
Employer | 3.75 |
Total | 4 |
Retrun Due date & Payment date
Type | Due Date |
Return filing | Half yearly – 11th November & 11 May of every year |
PF Payment | on or before 15th of every next month |
Interest on delay payment:
An employer who does not pay the contribution within the time limit shall be liable to pay a simple interest at the rate of 12% per annum for each day of the default or delay in payment of contribution
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EPF & ESI Return
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