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Online Provident Fund & ESIC Registration

Added: (Thu Mar 14 2019)

Pressbox (Press Release) - Applicability of Provident Fund:- For companies employing 20 or more employees, provident fund ESIC registration online is mandatory. Provident fund or PF is an investment fund that is contributed by both employers and employees. A lump sum amount is provided to each employee on their retirement. Employee’s State Insurance or ESI, on the other hand, is a self-financing scheme that covers the social security and health insurance of Indian workers & their family. This is also contributed by both employees and employers. EPF or Employee provident fund is mandatory even in case the workers are seasonal or temporary in nature in the case to case basis.
Consulting before Application:- It is always advisable to first consult a Provident fund expert before initiating the registration process. It can save an employer from unnecessary legal tangles in the later stage. Also, it will reduce the compliance cost for small companies.

Why Outsource PF & ESIC Filing:– For Micro, Small and Medium companies it is not viable to maintain a team just to look after PF & ESIC payment, instead the whole process can be economically outsourced to an expert firm. It will not only reduce the compliance cost but also reduces the chances of error. It will free up resources for the company to focus on core areas of production. The company will also not be hassled to find a replacement each time the PF staff leave.

Why Trust Us:- AKT Associates is a leading tax compliance firm in India with a decade of experience in Profession tax registration, compliance, and Payroll management. With the dedicated team to handle all PF and ESIC related compliance, We serve more than 100 clients. Our Team has experts with more than 10 years of experience in providing consulting, compliance and automation solutions related to Provident fund and Payroll related services. We undertake advisory, registration and tax return filing for PF and ESIC on monthly basis.

Last but not Least:- After Registration each employee must be allocated Universal Account Number (UAN) Code, which will help them to transfer the fund in case of a job change. Once Online procedure for Registration of Provident fund and ESIC is complete, Monthly online return for PF and ESIC need to be filed before 25th of next month.

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