Info

Under the EPF scheme, an employee has to pay a certain percentage from his pay and an equal amount is contributed by the employer. Employee can withdraw EPF Amt. in advance or after retirement with interest.

Requirement for Registration

EPF Registration is mandatory for any establishment having 20 employees or more. Employer can get registered under EPF through voluntary basis also.

Contribution towards PF

From Employee  - 12%
From Employer   - 12%
Admin Charges  - 0.5%
EDLI Charges       - 0.5%

PF Monthly Compliance

Every establishment register under PF requires to register the employees and file monthly Compliance before on 15th of every month.

Employee’s Account (UAN)

Every establishment registered under PF can register the employees. And employees gets 12 digit Universal Account Number (UAN).

Benefits of EPF to employees

• Retirement
• Death
• Disability
• Medical expenses
• Unemployment

Info

Employees' State Insurance Corporation (ESIC) is a statutory body under the ownership of the Ministry of Labour and Employment, Government of India. It is a social security organization that provides a range of benefits to employees in the organized sector.

Requirement for Registration

ESIC Registration is mandatory for any establishment having 10 employees or more.

Contribution towards ESIC

From Employee  - 0.75%
From Employer   - 3.25%
Total                      - 4%

ESIC Monthly Compliance

Every establishment register under ESIC requires to file monthly Compliance before on 15th of every month.

Employee’s Account: Pehchan Card

ESIC Registration is mandatory for any establishment having 10 employees or more. Every establishment registered under ESIC can register the employees, And employees get an Insurance Number which named as Pehchan Card.

Benefits

• Medical care
• Cash benefits for sickness, maternity, disablement, and death
• Pension
• Unemployment benefits
• Maternity benefits
• Compensation for occupational diseases

Info

Professional tax is a direct tax levied by the state government on individuals who earn a living through any medium. It is a tax that is to be paid by every single earning individual.

Requirement for Registration

Professional Tax Registration is mandatory for any establishment having 5 employees or more.

Contribution towards PT

The calculation and amount collected may differ from one state to another but it has a limit of Rs. 2500. The tax is calculated based on the slabs. Each state can have different salary slab rates for the calculation of professional tax.

PT Compliance / Return

Professional tax is usually payable on a monthly basis. However, the due date may vary from state to state.

PT Payments

Professional tax can be paid online or offline. The online payment option is available on the website of the state government. The offline payment option is available at the designated collection centers.

PT Benefits

• It provides the government with income
• It contributes to levelling the playing field
• It helps to promote social justice

Info

Labour welfare funds are a type of social security fund that is designed to provide financial assistance to workers who are injured, unemployed, or otherwise unable to work.

Requirement for Registration

Labour Welfare Fund registration is mandatory for any establishment having 5 employees or more.

Contribution towards LWF

The funds are typically funded by contributions from employers and employees, and they are administered by a government agency or a non-profit organization and contribution rates are vary from state to state.

LWF Compliance / Return

Labour Welfare Fund is usually payable on a half yearly basis. However, the due date may vary from state to state.

LWF Payments

Labour Welfare Fund can be paid online or offline. The online payment option is available on the website of the state government. The offline payment option is available at the designated collection centers.

LWF Benefits

• Medical care
• Job training, counselling, and financial support
• Scholarships, recreation, and training
• Pensions to retired, disabled, or unemployed employees

Info

The Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996 (BOCW Act) is an Act of Parliament of India enacted to regulate the employment and conditions of service of building and other construction workers in India

Aim

The BOCW Act is an important legislation that aims to protect the rights of building and other construction workers. Employer registration under BOCW is a mandatory requirement and employers who fail to register are liable to be penalized.

Requirement for Registration

Under the BOCW Act, every employer who employs 10 or more building workers is required to register with the concerned registering officer.

Authority

Under the BOCW, all construction agencies and contractors are required to obtain a license from the state government in which they are working.

Benefits of BOCW

• Improved working conditions
• Increased wages
• Improved safety standards
• Access to welfare measures

Registration Fee

Registration Fees may vary from state to state.

Info

A labour license is a legal document that is required for any establishment in India that employs contract labour.

Requirement for Registration

For the labour licence, every employer who employs contract labour is required to register with the concerned registering officer, required number of employees may vary from state to state.

Types of License

One form of labour licence is given to the principal employer, and the other is given to the small contractor.

Authority

Under the Contract labour Act, Employer and contractors are required to obtain a license from the state government in which they are working or by the Central Government authority if the establishment is under Central Government.

Registration Fee

Registration Fees may vary from state to state. For Central it is 90/- per employee.

Benefits of Labour License

• Protects the rights of contract workers
• Minimum wage and are safe working conditions
• Prevent exploitation of contract workers
• Improve the working conditions of contract workers