PF ESI Consultant in Mumbai
Hiring a PF ESI consultant will bring great relief for employers since the expert will handle the entire PF ESI registration process. Managing the PF ESI is a complex procedure that is quite challenging to handle for employers since they have to wear so many hats. Juggling between different obligations of the business is not a matter of joke at all. That is why a lot of employers are looking to hire a PF ESI consultant in Mumbai so that they can take care of the other sides of their organization.
What is ESI & PF
ESI (Employees Provident Fund) is known as a contributory fund allowing Indian employees to benefit from a self-financed, healthcare insurance fund. This scheme is supported by contributions from both employees and employers. It is looked after by the Employees’ State Insurance Corporation. This is a government entity known as a self-financing, social security, and labour welfare organization.
The entity is in charge of administering and regulating the ESI scheme according to the rules as mentioned in the Indian ESI Act of 1948. ESI stands as one of the most appreciated integrated requirement-based social insurance schemes. The scheme plays a crucial role in protecting employee interest during events including temporary/permanent physical disability, illness, maternity, injury, etc. It offers cash benefits as well as healthcare benefits.
On the other hand, similar to the ESI scheme, the EPF (Employees Provident Fund) is a Contributory fund supported by contributions from both employees and employers. Contrary to the ESI scheme where the focus is on healthcare, the Provident Fund mainly focuses towards post Retirement Income and relevant advantages.
EPF is known as a compulsory and contributory fund for Indian organizations. This comes under “The Employees’ Provident Fund and Miscellaneous Provisions Act 1952”.
Procedure for PF & ESI Registration
PF ESI registration is a four-step procedure that a PF ESI consultant in Mumbai can help you with. Check out the procedure in brief:
It starts with letting your consultant know about your company. You will have to fill out their simple PF & ESI registration questionnaire and submit relevant documents.
The next step is the verification of your PF & ESI registration documents that you have submitted and the details that you have provided.
Then you will submit the application to PF & ESIC. The consultants will fill out and submit different application forms by using the info provided by you.
Once all these are done, they will send you the EPF & ESIC Registration license along with your login credentials via your mail ID.
Why Hire PF ESI Consultant in Mumbai
The PF ESI registration procedure incorporates a lot of important things such as there are various documents required, there is specific eligibility for PF & ESI Registration and specific steps for the registration process. Plus, the relevant laws and regulations are constantly going through changes and modifications. And these prerequisites are just to name a few.
Taking care of this comprehensive and critical process needs the attention of an experienced professional. That is why you should consider hiring a PF ESI Consultant in Mumbai. When they will be taking care of this process, you can be sure that everything is in line.
