Navigating ESI and PF for New IT Companies: What Are the Rules and Salary Limits?

Dear All,

Good Day! I am Elizabeth Antony. We would like to start providing ESI and PF for our staff. Our IT company was established in 2007, and we have registered it as a private limited (PVT LTD) company.

Kindly help guide me in this field. Please update me on the ESI and PF rules for an IT PVT LTD company and what the salary limit is for ESI and PF.

Thanks and Regards,

Elizabeth Antony

The ESIC limit is Rs. 15,000. If any employee is receiving a gross salary of Rs. 15,000, you must deduct an ESIC contribution of 1.75% on the gross amount. For PF, you can set the limit at Rs. 6,500 and deduct 12% on this amount. However, the PF contribution can vary depending on the conveyance amount, but there is no specific limit for PF.

Best regards,
R. Vikram

For ESI, the ceiling is ₹15,000/-
ESI - Employee Share = 1.75%
ESI - Employer Share = 4.75%

For PF, the ceiling is ₹6,500/-
For PF Employee Share = 12%
For PF Employer Share = 3.67%
Employer Share = 8.33%
Total Employer Share = 12%

Other charges for PF are:
- 1.10%
- 0.01%
- 0.50%
Grand Total is 25.61%

If you have any queries, please email us at [Email Removed For Privacy Reasons].

Regards,
Anjan
HR

Hi, please provide PF Form 3A and 6A in Excel format and also guide me on the annual returns of PF.

Regards,
Siraj Ahmed.

In which month can an employee exit the ESI Scheme? I think it is April and October. Please guide me along with ESI documentary evidence.

Regards,
B K Inamdar