EPF/ESI Return Filling

Description

What is ESI Return

Employees’ State Insurance (ESI) is self-financing social security and health insurance scheme for the Indian Workers,
which is an autonomous corporation governed by Ministry of Labour and Employment. This Fund of ESI is managed by Employee State Insurance Corporation (ESIC) and its rules regulations. All entities registered under ESI registration must file .ESI returns which is due half yearly.

Applicability of ESI

The ESIC is applicable on all the establishments having 10 or more workers and is beneficial to all the employees earning
Rs.21, 000/ or 25,000 or less per month as wages, employer must contribute 3.25% and employee must contributes 0.75% towards ESI.

Benefits of ESIC

• 1) Medical Benefits:-main Benefit of this registration is medical benefits to employees and workman.If any sickness is experienced by workforce, then immediately remady by an employer.
• 2) Social Security:-Through this scheme, social security features such as maternity benefits, sickness allowance and other related benefits are provided.
• 3) Easy Processing:-under this option you can be availed easily at any hospital/health care centre. All payments which are used under this option can be compensated.
• 4) Benefits related to Sickness:-under this option, all employees get benefits of different form of sickness benefits. These benefits are offered at a rate of 70% of the salary of the employer. amount provided if the sickness extends over 3 months.
• 5) Maternity Benefits:- this option provide maternity benefits such as maternity leave during pregnancy.
• 6) Disability Benefits:-If in a permanent disability or the death of the employee, this can be claimed by the dependants of the employee.

Documents Required to File ESI return

The following documents are required to file ESI return:-

• 1)Registration Certificate under esi act or certificate of incorporation(if company),a partnership deed, trust deed.
• 2)Information on the employees of the Entity
• 3) monthly contribution Information of the employees of the entity
• 4)list of all the directors/partners/shareholders of the entity
• 5)PAN of the Entity
• 6)Bank Statement of the Entity
• 7)Attendance registers
• 8)Wages Registry
• 9)Inspection Book and Certificates
• 10) Digital Signature Certificate(DSC)

Process of ESI Return

1 Day process:- justefillng team provide you a list of required documents and after they Discussion and Collection of Required Documents. after collecting required data, our expert reconcile the data as par esic portal requirements.

after filling esi return our expert will communicate to you regarding the filing of the returns and send you esic deposits recipt with challan.

What is EPF Return

Employers have the responsibility to contribute to the EPFO fund by deducting the employees’ contribution from wages and combining it with their own contribution.
Employers have to deposit the combined contributions within 15 days of the last day of the Calendar month. The payments can be made online or to authorized designated branches of the State Bank of India and some other banks.

Applicability of EPF

EPF is the main scheme under the Employees’ Provident Funds and Miscellaneous Act, 1952.
EPF is applicable to all the factories and establishments where Organization having count of employees 20 or more and.
Their monthly wage is not more than Rs 15000.he employee and employer each contribute 12% of the employee’s basic salary and dearness allowance towards EPF. Currently, the rate of interest on EPF deposits is 8.10% p.a.

Benefits of EPF

Following are the benefits of the EPF :

1. Tax-Free Savings:- claim deduction in income tax and save tax.
2. Long-Term Financial Security:- Funds that are deposited in this kind of account cannot be easily withdrawn by the person, and therefore, it helps to ensure savings.
3. Death:- In case the employee passed away, the collected amount including the interest is given to the nominee of the employee. its help in difficult times.
4. Disability of the Employee:- If the employee cannot work anymore or is not the position of working, then that person will be able to use the funds and
   these funds can help the person get through their tough time.
5. Pension Scheme:- The employer also makes necessary contributions towards the pension of the employee and contributes towards the PF fund which
   can be used by the employee after retirement. Epf pension benefits are very useful.

Documents Required to File EPF return

The following documents are required to file EPF return:-

• 1)Registration Certificate under esi act or certificate of incorporation(if company),a partnership deed, trust deed.
• 2)Information on the employees of the Entity
• 3) monthly contribution Information of the employees of the entity
• 4)list of all the directors/partners/shareholders of the entity
• 5)PAN of the Entity
• 6)Bank Statement of the Entity
• 7)Attendance registers
• 8)Wages Registry
• 9)Inspection Book and Certificates
• 10) Digital Signature Certificate(DSC)

Process of EPF Return

1 Day process:- justefillng team provide you a list of required documents and after they Discussion and Collection of Required Documents.
after collecting required data, our expert reconcile the data as par epfo portal requirements.

After filling epf return, our expert will communicate to you regarding the filing of the returns and send you ecr statement copy with challan.