Process Of ESI & PF

Hi Amit & Pankaj(Umesh),
Thank U very much for the brief explaination about the proceedings of ESI & PF.
I'm glad to see the participation & involvement of Senior members of the site in such a humble way to help the beginners. I'm thankful to both of U for sharing ur knowledge.

Thanx Amit,
but i have some confussion can u send me excel att of salary
example my salary = 10500
so
how much contribution of
ESI=
PF=
HRA=
Convenance Charges=
and other charges which is very important for any organisation.
describe me chaalans and returns.
yearly and monthly.
Pankaj Sharma
9868923281

Dear Amit,
Is there a possibility of not having PF in an organization? Or if the employee wants to opt out of it, can he or she be out of the PF?
Recently when i went for an interview the panel asked me this question. Can you please clarify.
Regards
Renu

Hi Renu,
According to Act, all those organisations who comes under those eligibility criteria are liable to register themselves with the Fund..
Only the appropriate Government is empowered to exempt any of the organisation from the operation of all or any of the provisions of the scheme:
But there is some limitations regarding the type of establishments, like
If the employees are also in enjoyment of other provident fund benefits
Any Establishment the employee of which are in enjoyment of provident fund, pension or gratuity benefits, which are not less favourable than the benefits under the Act.
So can say that these are the criteria to do the same..
Regards,
Amit Seth.

Dear Pankaj..
Regarding the salary package of 10,500/month, it will be exempted from ESI.. As the ceiling is only up to 10,000/-.
Regarding Challans and returns, challan is been submitted every month before 21st in quadrate i.e foue copies are there.. and it has to be submitted along with deposition of the contribution money at nearby SBI Bank.
Whereas, returns are been submitted after every 6 months to the local ESI office.. along with complete details of employees and contribution amount and as well as submitted challans...
Regards,
Amit Seth.

Hi Umesh,
Please send me also the presentation on PF and ESIC at my, id- [Login to view]
I am interested in this topic and want certain clarifications.
1. salary for PF deduction has been raised to amount limit?
2.salary for ESI deduction has been raised to amount limit?
3. what A/c No. 1, A/c No. 2, A/c No. 21, A/c No. 22, stands for;
Can some body help me with this break-up why this A/c No. have been designated and their purpose behind it by the PF deptt.?
PF ACCOUNTS EMPLOYER Cont. EMPLOYEE Cont. TOTAL
A/C I 3.67 % of Basic 12 % of Basic 3.67 % + 12 %
A/C II 1.1 % of Basic - 1.1 % of Basic
A/C X 8.33 % of Basic - 8.33 % of Basic
A/C XXI 0.5 % of Basic - 0.5 % of Basic
A/C XXII 0.01 % of Basic - 0.01 % of Basic
T O T A L 13.61 % of Basic 12 % of Basic 25.61 % of Basic
Regards
Duke
[Login to view]

Hi,
we are Labor consultants and can take care of any thing which comes under this section including PF & ESI, we are originated our cosulting activity from chennai and we have a branch at hyderabad further we are in the process of elevating our presence in pune also .
Please contact through my mobile 9840422499.
And do visit @ promiseindustries.com

Dear Friends,
Kindly let me know to get the ESI amount Which forms have to fillup?and what is the formalities will be done by the employer?So i am requesting you Please give me reply as soon as possible.

Dear Amint,
I have gone through your advice. I really appreciate your answer but in my organization more than 500 employees are working. And my manager told me to handel PF. They told me to fill the challan and submit Form No 12A, 5 and 10. I really dont understant how i will do it. Kindly help me for this situation.
you can mail me - [Login to view]

Hi,
This is satheesh, I have gone thru your postings regarding getting ESI no.
Pl clarify my doubts
we already have ESI code no for our establishment and we started our sister concern in march 08, and in process of getting PF No thru consultant, now we have to get ESI code no.
i joined in 1st week of july now my coo told to start process for getting esi no.
pl suggest and what to do now,
pl help
my mail id: [Login to view]
regards
satheesh