PF ESI Consultant in Amritsar
When it comes to the intricacy of the PF ESI registration procedure, it is always smart to hire a PF ESI Consultant. Considering this, many employers are investing in a professional PF ESI Consultant in Amritsar. Know more in the following passages.
Steps for PF & ESI Registration
Step 1 is to get PF & ESI Registration. Establishments and Factories must register themselves within fifteen days of the Act becoming applicable. They will have to submit an Employer’s Registration Form to the relevant Regional Office.
Step 2 is to verify the candidate’s mobile number and mail address through OTP. After completing and submitting the form online, the applicant will get the OTP PIN on the registered mail ID and mobile number. This will be verified to activate the establishment login.
After the registration is done, the department sends the EPF & ESIC registration certificate as well as the login credentials on the email ID of the applicant.
Step 4 involves the registration of Employees. Once they get the login credentials, employees must register in the EPF & ESIC portal as mentioned in the registration form. This is how they can get the UAN number and Insurance number.
In step 5 there will be filing of monthly returns and it should be done before the 15th of next month.
Why should You hire a PF ESI Consultant?
A PF ESI consultant in Amritsar plays a very important role in managing compliance by guiding organizations to adhere to the legal needs and regulations associated with employee advantages. A PF and ESI consultant contributes to compliance management professionally since they know regulations, do the documentation review and compliance audits, take care of the policy alignment, fill the returns and reports, etc.
Since they have the training and awareness, they effectively educate employees about their rights and advantages under the PF and ESI schemes. They also keep up with the Regulatory Changes apart from managing dispute Resolution, Record Maintenance, and Periodic Reporting. So, now you know the significance of hiring a PF ESI consultant.
Advantages of EPF
Tax-free earnings which means the interest on PF comes without tax at maturity or after 5 years
Financial security is there in case of Retirement, resignation and if there is any loss of income
Other benefits include a long-term investment for employees along with pension, and insurance after retirement.
PF ESI consultant in Amritsar can help you with the A to Z of the PF ESI registration process. That is why hiring them makes great financial sense for all the employers.
