Employees’ State Insurance Act, 1948 aims to provide certain benefits to employees in case of sickness, maternity and employment injury. Every employer to whom the provisions of ESI, Act applies shall remit the ESIC employee and employer contribution on or before 15th of the following month and file the required returns within the due date mentioned under the act. Failure to pay or file the required returns shall attract penalty under the said act.
The employees’ provident funds and miscellaneous provisions act, 1952 aims to encourage savings among employees which would benefit them at the time of their retirement. Every employer to whom the provisions of EPF, Act applies shall remit the EPF employee and employer contribution on or before 15th of the following month and file the required returns within the due date mentioned under the act. Failure to pay or file the required returns shall attract penalty under the said act.
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The register maintained in Form 6 has to be submitted.
The attendance maintained at the establishment has to be provided.
The register of wages to be submitted.
A copy of paid challans to be submitted..
ESIC:
So, any commercial unit fulfilling such conditions is eligible of EPF and ESIC annual compliances per FY as discussed in this article.
Note: Submission dates are subject to change.
Note: Employees are to file and submit certain forms, such as, withdrawal, declaration, termination, transfer, etc. based on specific circumstances. They should be given proper assistance from the employer/concerned zonal office.
For EPF:
For ESIC:
Restrictions under IT Act: If the violation of non-payment of EPF/ESIC contribution comes under the offense under Income Tax Act, the concerned unit may by disallowed from any more deposit in PF/ESI Account and thus cannot get the deduction benefits of the corresponding schemes.
No. Overtime is not a regular payment and it is occasional in nature. Therefore, it should not be included while calculating wages ceiling limit for employee coverage under the act.
The employer shall pay simple interest at the rate of 12% p.a. for each day of delay.
Yes. The Company has to file NIL returns even it doesn’t have any employees.
He wage limit shall be Rs. 21,000/- per month.
Yes. The employee IP i.e. Insured person ID is mandatory for filing the returns.
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