PF ESI Consultant in Coimbatore
Many company owners are now considering hiring a PF ESI Consultant in Coimbatore. They are willing to make such investments because it is way smarter to leave this time-consuming and intricate job over to the experts. After all, this saves a lot of time and money. Interested in learning more about a PF ESI Consultant in Coimbatore? This post covers everything you should learn in this regard.
PF & ESI Registration Procedure
Give Your Company Details
In the first step, you need to give all the details of your company to the consultant. You will have to fill out their PF & ESI registration questionnaire and after that, you will submit the necessary documents.
Verification process
The next step is the verification procedure. Once you submit the PF & ESI registration documents, the experts will verify all the details provided by you.
Submitting PF & ESIC Application
There are various application forms that you need to fill out and submit. The PF ESI Consultant in Coimbatore will fill all these forms by using the info you provided.
The Job is Now Almost Done
This is the last step of the procedure where they will send you the EPF & ESIC Registration license. Also, you will get the login credentials on the email ID provided by you.
Necessary Documents
For Employers
The necessary documents in respect of directors/ partners/proprietors are a copy of PAN Card, Aadhaar Card, Mobile Number and Email ID, as well as the DSC of any one Director (Signatory for EPF & ESIC).
Documents in Respect of Entity/ Company:
The documents required for an organisation include a copy of a PAN card even though this is not required for proprietorship firms. The other documents are the address proof (COI/ Shop & Establishment License), MOA/ AOA, a cancelled Cheque with a preprinted name & a/c no), Registration certificate (GST), employee Details along with Salary, Balance Sheets of the last 3 years, and Signature Card. These are necessary when the company’s given date and date of coverage in PF/ESI do not match.
Documents to be signed by all employees:
For office records, the forms to be signed by all employees are EPF Form 11, EPF Form 2, and ESIC Declaration form.
Know the Advantages of PF & ESI Registration
The advantages of ESI include complete medical benefits, and covers dependents. You can use this at different hospitals and ESI dispensaries. Plus, any payments you make will be compensated. Also, it takes care of the requirements of the disabled. Another advantage is access to all sorts of medical care facilities in ESI Dispensaries and Hospitals.
Key Traits of EPF
The main features include tax-free earnings which means you will get interest on PF without any tax at maturity or beyond 5 years. There will be financial security after retirement, resignation and when there is a loss of income. The other benefits include a long-term investment for employees and Pension, as well as Insurance after retirement.
If you are also considering investing in a PF ESI Consultant in Coimbatore, it is high time you did it. This will surely save you a lot of time, energy, and other resources that you can invest in other crucial parts of your business.
