Employee Provident Fund - Overview

The Employee Provident Fund (EPF) is a financial security scheme regulated by the Employees' Provident Fund Organisation (EPFO) under the Ministry of Labour, Government of India. PF registration is mandatory for businesses meeting the required employee threshold.

Key Requirements:

Submission of essential documents, including PAN card, address proof, and bank details (with a canceled cheque).

Company registration and establishment details must be provided, whether the business operates as a Limited Liability Partnership (LLP) or a Private Limited Company.

ESI Registration - Overview

ESI registration is mandatory for businesses under the Employees' State Insurance (ESI) scheme, governed by the ESIC Act. Managed by the Employees' State Insurance Corporation (ESIC), the scheme provides medical benefits and financial security to employees in cases of sickness, injury, or maternity.

Applicability:

Required for establishments with 10 or more employees.

Covers businesses under the Establishment Act, including newspaper establishments and other eligible firms.