Provident Fund Compliance Services
Provident Fund (PF) is a social security legislation where the employer and employee equally contribute towards a fund managed by the EPFO under the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952, which promotes saving and ensures pension in applicable cases after superannuation of the employee. The PF coverage is mandatory when the number of employees exceeds eighteen. The PF coverage can be extended to the employees voluntarily with the consent of the employer and the majority of employees if the number of employees is less than twenty. We offer our services for registration of establishment and to file ongoing returns under the EPFO and compliance.
Provident Fund Compliance Services by Setindiabiz
- PF Registration for Employers
- Monthly PF Contribution Filing
- Generation and Submission of ECR
- KYC Update for Employees in EPFO Portal
- Form 5A Submission (Return of Ownership)
- Annual Return Filing under the PF Act
- Maintenance of PF Registers and Records
- Support in EPFO Audits and Queries
ESIC Compliance Introduction
Employee State Insurance Corporation (ESIC) compliance is a statutory requirement under the Employees’ State Insurance Act, 1948, designed to provide social security and health benefits to employees in case of sickness, injury, maternity, or employment-related contingencies. Employers are under obligation to obtain ESIC Registration once the number of employees reaches 10 or more. The employer is further required to file monthly contributions concerning employees drawing less than 21000 gross salary. Proper ESIC compliance helps protect both employers and employees while avoiding penalties and legal complications.
ESIC Compliance Services by Setindiabiz
- ESIC Registration for Employers
- Monthly Contribution Filing
- Generation and Submission of Challans
- Employee Registration on ESIC Portal
- Half-Yearly Return Filing (Form 6)
- Maintenance of ESIC Records and Registers
- Handling ESIC Inspections and Audits
- Advisory on Latest Updates in ESIC Laws
Professional Tax Compliance Introduction
The state government levies Professional Tax (PT). However, the professional tax can not exceed INR 2500 for a year as mandated by the Constitution (Sixtieth Amendment) Act, 1988. that introduced Article 276(2) into the Indian Constitution, which empowers state governments to levy professional tax while capping the maximum amount at ₹2,500 per individual per year; the amendment ensures that professional tax does not become an excessive financial burden on individuals.
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Setindiabiz provides end-to-end compliance services regarding professional taxes, including assistance in obtaining Professional Tax Registration as an Employer (also known as PTRC) and enrollment as a taxable entity (also known as PTEC). We also extend our services for monthly return filing under the PTRC and PTEC.
The Labour Welfare Fund (LWF)
The Labour Welfare Fund (LWF) is governed by respective state-specific Labour Welfare Fund Acts and through the Labour Welfare Board and promotes employee welfare, such as housing, education, medical care, and recreational facilities. Employers covered under the Act must deduct LWF contributions from employees' salaries (where applicable) and make matching contributions. These contributions must be deposited with the respective Labour Welfare Board per the prescribed schedule.
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Setindiabiz helps organisations register under the LWF, pay the LWF contribution, and file the Labour Welfare Returns. Non-compliance can result in penalties, making it crucial for employers to adhere to these obligations diligently.