PF & ESI
Registration
Mandatory social security registrations for employers. Protect your employees and stay compliant with labor laws.
What are PF & ESI?
Provident Fund (PF): Managed by EPFO, it is a retirement savings scheme where both employer and employee contribute a percentage of the salary. It ensures financial security for employees after retirement.
Employee State Insurance (ESI): Managed by ESIC, it is a self-financing social security and health insurance scheme for Indian workers. It provides medical, cash, and other benefits to employees in case of sickness, maternity, or employment injury.
Why Choose Credorra?
PF and ESI registrations involve complex calculations and monthly filings. Non-compliance can lead to heavy penalties. Our experts ensure accurate registration and timely monthly returns.
Provident Fund
ESI Scheme
Medical Care
Pension
When is Registration Mandatory?
| Scheme | Applicability Criteria | Contribution Rate |
|---|---|---|
| Provident Fund (PF) | Establishments with 20 or more employees. (Voluntary for less than 20). | 12% of Basic + DA (Both Employer & Employee) |
| Employee State Insurance (ESI) | Establishments with 10 or more employees (in most states) where wages are up to ₹21,000/month. | 0.75% (Employee) + 3.25% (Employer) of Gross Wages |
Why Comply with PF & ESI?
Employee Welfare
Provides financial security, medical care, and pension to your workforce.
Legal Compliance
Avoid heavy penalties, prosecution, and attachment of property for non-compliance.
Tax Benefits
Employer's contribution is tax-deductible as a business expense.
Documents Required
Keep these documents ready for a smooth registration process.
Start Application- PAN Card of the Company/Entity
- Certificate of Incorporation / Partnership Deed
- GST Certificate
- Cancelled Cheque of Company Bank Account
- List of Employees with Names, DOJ, and Wages
- PAN & Aadhar of Directors/Partners/Proprietor
- Digital Signature Certificate (DSC)
Simple 4-Step Process
Consultation
We determine if PF/ESI is applicable to your establishment.
Document Collection
We collect and verify all necessary documents.
Application Filing
We submit the application on EPFO/ESIC portals.
Code Allotment
You receive your PF Code and ESI Code digitally.
Monthly Returns & Penalties
After registration, monthly returns must be filed by the 15th of every month.
- Late Fee: Penalty for late filing varies (e.g., ₹100 per day for ESI).
- Interest: Interest on delayed payment of contributions (12% per annum for PF).
- Prosecution: In severe cases, non-compliance can lead to imprisonment.
Why Timely Filing Matters?
Late filing blocks employees from accessing their PF/ESI benefits. It also attracts heavy interest and damages the company's reputation.
Credorra offers monthly compliance packages to ensure zero defaults.
Common Questions
Yes, if you have 20 or more employees. However, startups can opt for voluntary registration even with fewer employees to provide benefits to their team.
ESI is applicable to employees whose gross monthly wages are ₹21,000 or less (₹25,000 for persons with disabilities).
No, PF contributions cannot be refunded to the employer. They are deposited into the employee's PF account and can be withdrawn by the employee upon retirement or resignation.
Non-registration is a punishable offense. You may face penalties, interest on due amounts, and even prosecution under the respective Acts.
Secure Your Workforce. Stay Compliant.
Don't risk penalties. Let Credorra handle your PF & ESI registration and monthly compliance with precision.
Get Started Now