PF ESI Consultant in Kolkata

PF ESI registration is a demanding job that seeks professional attention. Many employers in Kolkata are now considering their significance since involving a PF ESI Consultant In Kolkata not only saves them time but also prevents making costly mistakes in the procedure. In this post, let us check out some key details regarding PF and ESI. Later we will also learn the importance of involving a professional PF ESI consultant.

Employees’ State Insurance (ESI) Scheme

ESI is a contributory fund enabling Indian employees to benefit from a self-financed, healthcare insurance fund. This entails contributions from both employees and employers. This is a scheme that the Employees’ State Insurance Corporation manages. This corporation is a self-financing, social security, and labour welfare organization. This government entity administers and regulates the ESI scheme according to the rules as found in the Indian ESI Act of 1948.

ESI is emerging as one of the most popular integrated requirement-based social insurance schemes popular among employees. The scheme plays a crucial role in protecting employee interest in incidents such as temporary/permanent physical disability, maternity, illness, injury during employment, and others. This scheme offers both cash facilities and healthcare amenities.

Employee Provident Fund (EPF)

Similar to the ESI scheme, the EPF is a Contributory fund entailing contributions from employees as well as employers. While the ESI scheme focuses more on healthcare, the PF is focused towards Income and facilities after retirement. EPF is a contributory and compulsory fund for Indian organizations under “The Employees’ PF and Miscellaneous Provisions Act 1952.

Now let us take a look at the employee and employer contributions to the EPF. For EPF, both employees and employers have to contribute an amount of 12% of the salary. Employees are allowed to contribute more than 12% of their salary. They can voluntarily do that. However, the employer is not bound to do that.

For the contribution of PF, the salary covers several components including Basic wages, Dearness Allowances (DA), Conveyance allowance, and Special allowance. The employer’s monthly contribution is strictly a maximum amount of Rs 1,800. Even when the salary of an employee exceeds Rs 15,000, the employer can contribute only Rs 1,800 which is 12% of Rs 15,000.

PF & ESI Registration Procedure

This is a procedure that a professional PF ESI Consultant In Kolkata handles with great attention and care. You can trust them because they have the necessary skills, knowledge, and experience. In this process, you will have to tell them about your company first by filling out their PF & ESI registration questionnaire. You will also have to submit documents.

After that, they will verify all your PF & ESI registration documents, and details before applying for PF & ESIC. They will fill out and submit different application forms using the information provided by you. Finally, they will send you the EPF & ESIC Registration license as well as login credentials on your mail ID.

PF & ESI Registration Advantages

ESI Benefits

• You get complete medical facilities.
• It covers the dependents as well.
• You can use this at various ESI dispensaries, hospitals, etc.
• All payments will be reimbursed
• It takes care of the needs of the disabled
• You will get medical care facilities in ESI Dispensaries/Hospitals

EPF Benefits

• Applicants get tax-free earnings which denotes that interest on PF is without tax at maturity or 5 years later.
• Financial security will be there after retirement, resignation, and if there is any loss of income
• Other benefits include a long-term investment for employees, pension, and post-retirement insurance

If you want to hire a trusted and experienced PF ESI Consultant In Kolkata, make sure you contact a reliable PF ESI registration service provider.