Navigating PF and ESIC Contributions: What to Do About Missed Payments and Arrears?

Date of Depositing PF and ESIC Every Month

1. Date of depositing PF and ESIC every month. If delayed, how can we deposit the late contributions?

Contribution to PF When Basic Pay Exceeds Rs. 15000

2. If Basic Pay exceeds Rs. 15,000/-, we need not contribute to PF. Is this correct?

Handling ESIC Contributions for Basic Pay Between Rs. 15,000 and Rs. 21,000

3. If Basic Pay exceeds Rs. 15,000 but is below Rs. 21,000, which is the threshold limit for depositing ESIC, but due to oversight, their ESIC contributions have also not been deposited for a long time. Please advise if we should deposit arrears for ESIC for the last few months/years, or since PF contributions are not applicable, can we ignore the same for ESIC as their name is not appearing in the wage sheet.

1. 15th of every month

2. Can be exempted upon approval from PF Commissioner.

3. ESIC is calculated on the gross monthly income not exceeding 21000. PF contributions can be restricted to 12% of the basic salary, and if the basic salary is less than 15000, consider the basic wage or all components except HRA.