Understanding PF and ESI Requirements for Small IT Firms: What Are Your Obligations?

Statutory Policies for PF and ESI in IT Firms

What are the statutory policies regarding Provident Fund (PF) or Employee State Insurance (ESI) that need to be available for an IT firm with 15 employees?

Employer's Obligations

What are the employer's obligations in this context?

Statutory Requirements for ESI and EPF

ESI is mandatory if you have 10 or more employees. EPF is mandatory only when you have 20 or more employees. However, you can still opt for voluntary registration at any time.

Hello Uma Mahesh,

ESI and PF Registration Requirements

ESI is mandatory as you have 10 or more employees.

PF Registration

PF registration is mandatory if the organization has 20 or more employees. However, you can also enroll for voluntary registration at this time.

Please proceed with the Common Registration under EPFO & ESIC. This is advisable because once your organization has more than 20 employees, you will be required to contribute. It is crucial to avoid non-compliance during that period.

Thank you,

Pradhap Ambethkar.