Employee Benefits and Compliance Inquiry
Our startup IT company currently has 21 employees working in Delhi, and very soon, we will be opening another branch in Chennai. All employees have a salary of more than ₹15,000. We have started deducting PF from all employees but not ESI.
ESI and Medical Policy Requirement
My question is, if ESI is not mandatory for salaries above ₹15,000, do we still need to provide a medical policy for all employees?
Handling PF Deductions
Some employees do not want their PF deductions, so what should I do? Should I use Form-13 or another method?
Kindly advise, as I do not have experience in a Generalist profile; I have only worked in recruitment, and I am the only person handling this here.
Regards,
Priya
From India, Bangalore
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Our startup IT company currently has 21 employees working in Delhi, and very soon, we will be opening another branch in Chennai. All employees have a salary of more than ₹15,000. We have started deducting PF from all employees but not ESI.
ESI and Medical Policy Requirement
My question is, if ESI is not mandatory for salaries above ₹15,000, do we still need to provide a medical policy for all employees?
Handling PF Deductions
Some employees do not want their PF deductions, so what should I do? Should I use Form-13 or another method?
Kindly advise, as I do not have experience in a Generalist profile; I have only worked in recruitment, and I am the only person handling this here.
Regards,
Priya
From India, Bangalore
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Dear Priya You collect Form 11 for PF exemption for employees
From India, Bangalore
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12From India, Bangalore
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Dear Priya, You have to collect the PF Form no 11 for PF exemption and find the attached form 11. Regards Sampath
From India, Bangalore
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From India, Bangalore
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As far as ESI is concerned, if the gross salary is above ₹15,000, the ESI is exempted. However, for PF, even though the gross salary is above ₹15,000, if Basic & DA is less than ₹6,500, then PF is mandatory. If Basic + DA is above ₹6,500, and you are planning to start PF newly, then those employees shall be exempted. If, by any chance, they already have PF and due to an increment or promotion, their basic salary increases above ₹6,500, then the contribution is mandatory and is limited to ₹6,500.
Form 11 Declaration
Form 11 is a declaration form where you should maintain records for all employees who are receiving a basic salary above ₹6,500.
From India, Bangalore
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Form 11 Declaration
Form 11 is a declaration form where you should maintain records for all employees who are receiving a basic salary above ₹6,500.
From India, Bangalore
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Your organization is applicable for ESI and PF registration. Whether all your staff are receiving salaries above the ESI and PF coverage thresholds, you are required to complete the registration process. Following that, you may contribute Rs. 7/- to the PF account and nil to the ESI account.
Regards,
Kashyap
Dharamveer Associates
From India, Delhi
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Regards,
Kashyap
Dharamveer Associates
From India, Delhi
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HR Manual (Employee Hand Book).doc