Sir, a member works in the company for three days and then leaves. Should we deposit his PF and ESI contributions? Is it right or wrong under company law? If we do not deposit ESI and PF contributions, what problems can we face? Please suggest!
From India, New Delhi
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2From India, New Delhi
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Please refer to the respective ESI and EPF Acts, not Company Law. As a responsible employer, it is your bounden duty to deduct and remit ESI and EPF contributions without regard to the number of days an employee has worked. Please deposit the applicable contributions.
From India, New Delhi
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From India, New Delhi
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As an employer, irrespective of no of days, compliances is mandatory.
From India, Vadodara
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From India, Vadodara
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Sir, if we do not deposit the ESI and PF, then what will be the effect on Compliance, it means that the ESI and PF Department can cross check and what can be its penalty?
From India, New Delhi
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From India, New Delhi
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If the company gives salary of three days to an employee, does the company have to full & final the employee?
From India, New Delhi
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From India, New Delhi
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If his joining formalities are already completed and he has been assigned an employee number, then he is eligible to receive wages for the respective number of days he worked. After that, his PF and ESI should be deducted for those days.
Regards, Priya
From India, Bengaluru
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Regards, Priya
From India, Bengaluru
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You need to comply with the ESI & EPF Acts for any employee who has worked even for a day. Simply put, a company does not fall under the purview of ESI & EPF if fewer than 20 workmen are employed. Payment for ESI & EPF is not required for those who work for a company but are not paid as wages or salary.
Thank you.
From India, Mumbai
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Thank you.
From India, Mumbai
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Employer-PF-res trict to wages of Rs 6500.pdf
PF & ESI.zip
Presentation PF&ESI.ppt