PF ESI Consultant in Delhi

Managing the PF and ESI is a demanding job that takes a lot of time and energy and causes a lot of stress for employers. At this point, hiring a PF ESI consultant in Delhi will be a smart choice. This is because they are highly experienced and knowledgeable and they always stay updated with the recent alternations regarding all the relevant rules and regulations.

This means hiring consultants for PF ESI registration for your company in Delhi will save you a lot of time that you can invest in other crucial parts of your business. Plus, you will get total peace of mind knowing that the job being done is completely aligned with the recent rules and regulations.

In this blog, let us check out some necessary details regarding PF ESI registration.

Know Employee State Insurance (ESI) and Provident Fund (PF)

ESI – ESI is a contributory fund enabling Indian employees to benefit from a self-financed healthcare insurance fund. Here, there are contributions both from the employee and their employer. The Employees’ State Insurance Corporation, a government entity, takes care of this scheme. This is a self-financing organisation in charge of social security, and labour welfare.

The scheme secures employee interest in physical disability, illness, maternity, injury, etc. From this scheme, you will get both cash and healthcare facilities.

PF – Similar to the ESI scheme, the PF is a Contributory fund where there are contributions from both employees and employers. While the ESI scheme focuses on healthcare, the PF (Provident Fund) covers post Retirement Income and amenities. If you have any queries regarding these schemes, feel free to contact a trusted and experienced professional PF ESI consultant in Delhi.

Benefits of PF ESI Registration

The advantages of ESI focus on providing complete medical benefits including dependents. You can use this at various ESI dispensaries as well as hospitals. Any payment will be compensated. Plus, this scheme considers the requirements of the disabled and the applicants will have access to Medical care in ESI Dispensaries and Hospitals.

On the other hand, the key benefits of PF include tax-free earnings which means you will get Interest on PF that will be exempted from tax at maturity or after 5 years. You will get financial security after retirement, resignation, and if there is a loss of income. Another key benefit of PF is that it facilitates a long-term investment for employees regarding pension, and insurance after retirement.

PF & ESI Registration Documents Required for Employers

For Directors/ Partners/ Proprietor:

• A photocopy of the PAN Card
• A photocopy of the Aadhaar Card
• Mobile Number
• Email ID
• DSC from any Director (Signatory for EPF & ESIC)

For Entity/ Company:

• A photocopy of PAN card (Not needed for proprietorship firm)
• Address proof (it can be a COI or a Shop & Establishment License.
• MOA/ AOA
• Cancelled Cheque carrying the preprinted name along with the account number
• Registration Certificate (GST)
• Employee Details including Salary details.
• Signature Card.
• The last 3 years’ balance sheets (required when a company incorporated date is different from the date of coverage in PF/ESI.

Documents Needed to be Signed by Employees For Office Records:

These documents include EPF Form 11, 2, and the ESIC Declaration form.

Well, there are other essentials as well. A PF ESI consultant in Delhi can help you navigate through all the intricate details regarding PF ESI registration. So, talk to a reliable consultant today.