PF ESI Consultant in Kota
Are you still thinking of hiring a PF ESI consultant? Still not sure how they can contribute to running your organisational tasks smoothly? Well, if you are handling the PF ESI registration in your company all by yourself, you know it is a pretty challenging job that eats up a lot of time and other resources as well. Here let us learn how a PF ESI Consultant in Kota can get you peace of mind by helping you with this.
Employee State Insurance & Provident Fund
ESI is a contributory fund allowing Indian employees to benefit from this self-financed, healthcare insurance fund. This entails contributions from the employee as well as their employer. The Employees’ State Insurance Corporation does the scheme management. This is a government organisation that is a self-financing, social security, and labour welfare entity.
The entity is in charge of administering and regulating the ESI scheme following the rules as mentioned in the Indian ESI Act of 1948. Among employees, ESI is renowned as one of the most popular integrated need-based social insurance schemes.
This scheme secures employee interest in uncertain situations including temporary or permanent physical disability, injury during employment, sickness, maternity, etc. This provides both cash and healthcare facilities.
EPF Scheme
On the other hand, just like the formerly mentioned scheme, the Employees Provident Fund (EPF) is another contributory fund and this scheme has contributions from employees as well as their employers.
When both of these schemes are compared, ESI focuses on healthcare while Provident Fund focuses more towards Income and Benefits after retirement. EPF is considered a mandatory and contributory fund for Indian entities under “The Employees’ Provident Fund and Miscellaneous Provisions Act 1952”.
PF & ESI Registration Procedure
The PF & ESI Registration Procedure entails the following steps:
In the first step, you tell the PF ESI Consultant in Kota about your company. And you will do that by filling out their simple PF & ESI registration questionnaire. Also, you need to submit the necessary papers.
Verification is done in step two. Once you submit the PF & ESI registration documents, the experts will check the details provided by you.
In step three, the application to PF & ESIC will be filled and submitted. There are different application forms to be filled out and submitted. They will fill the these forms by using the data provided by you.
This is the final step where your work is now completed. Now, the consultants will send you the EPF & ESIC Registration license. Also, the login credentials on your mail ID will be sent.
Eligibility
PF registration is a must for organizations with more than twenty staff members. Also, the members with a salary less than Rs fifteen thousand should be members of EPFO.
Registration with Employee State Insurance is compulsory for all businesses with above 10 employees.
Conclusion
As you can see, with many other crucial factors involved, the PF ESI registration procedure is pretty complicated. It takes a lot of time and seeks great skill, experience, and attention that only a PF ESI Consultant in Kota can ensure.
