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ESI Registration
Who Needs ESI Registration?
According to the ESI Act of 1948, ESI Registration is compulsorily required for all factories, establishments, and certain businesses having more than 10 employees (or 20 in some states).
Benefits of ESI Registration
- Health Advantages to Employees
- Employees' Security
- Maternity Benefits
- Disability and Dependent Benefits
- Funeral Expenses Coverage
Eligibility for ESI Registration
Companies that have over 10 workers or, in some states, more than 20 workers and whose employees have an earning not exceeding ₹21,000 per month or ₹25,000 if disabled workers are also supposed to register themselves for ESI.
EPF Registration
Why Register with EPF by Employers?
Registration with EPF is one thing, but it is also a good avenue for your employees. Salaries are eligible to be set aside as TDS; however, on or before the due date, the employer has to file the EPF contributions.
Who is Classified as an Employee under EPF?
Employees with Stable Employment History
Working employees who have always been employees.
Part-time Employees
Working on part-time shifts less than full-time employees.
Work from Home Employees
All remote working employees may be registered under EPF.
Contractors/consultants
Working on a contract basis for a particular project/service.
Freelancers
Introduced under the Social Security Code, 2020. They can get EPF benefits.
Benefits of EPF Registration
- Pension Coverage
- Emergency Fund
- Risk Coverage
- Employee Deposit Linked Insurance Scheme (EDLI)
- One EPF account
- Long-term Savings Goals
EPFO Claim
Who Can Make EPF Claims?
EPF claims can be submitted by individuals based on the kind of claim they want to file.
Below is the description of the kinds of EPF claims and the categories for which they are eligible:
Full PF Withdrawal
Employees retiring. 58 years or more Employees leaving jobs permanently and not joining another job within one month. Employees who are going through specific situations such as medical emergencies, house purchase, children's education, marriage, etc.
Partial PF Withdrawal
Employees with more than 10 years of service can withdraw up to 50% of their PF corpus for specific reasons such as medical treatment, or house purchase. Employees facing unforeseen circumstances such as unemployment or natural calamities can withdraw a smaller portion, up to 3 months' salary.
Pension Claim
Employees reaching 58 years of age or more due to old age. Employees with permanent incapacitation due to sickness or injury.
Transfer Claim
Employees who have job change and want the EPF accumulated balance with them to get continuity from the new employer can claim for that.
Step-by-Step Guide for PF Claim Services:
Log in to the UAN Member e-Sewa Portal
We will assist you in accessing the EPF member portal using your Universal Account Number (UAN) and password.
Navigate to the Online Services Section
Our team will guide you through navigating to the "Online Services" tab on the portal.
Select the Claim Option
We will help you choose the "Claim (Form-31, 19 & 10C)" option from the drop-down menu under "Online Services".
Verify Your Bank Account Details
Our service includes verifying your bank account number registered with EPF to ensure a smooth claim process.
If you need help with your EPF claim, Credible Corporate Services is here to help.
Labor Welfare Fund
What is the Labour Welfare Fund (LWF)?
It is a dedicated fund managed by state Labour Welfare Boards to provide necessary benefits to workers.
Contributions to the fund come from three channels:
How Does Labour Welfare Fund Help Workers?
Improving the Standard of Living
- Nutritious Food
- Educational Assistance
- Medical Services
- Accommodation
Offering Good Work Conditions
- Commuting to Work
- Reading Rooms & Libraries
- Vocational Training
- Recreational Facilities
Providing Social Security
- Medical Treatments
- Women & Unemployed Welfare Schemes
Let Credible Corporate Services handle your Labour Welfare Fund compliance needs across India.
Why Choose Credible Corporate Services?
Expertise
We have a team of professional experts who are well abreast of the changing scenario of compliance in India.
Pan-India Service
We provide our services in all states and Union Territories to which the Labour Welfare Fund Act applies. Wherever your business is located, we have you covered.
On-time Remittance
We ensure that all contributions to the Labour Welfare Fund are remitted on time and, therefore, avoid penalties.
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Have questions or need assistance with ESI, PF, PF Claim, or Labour Welfare Fund services?
Enquires
Phone: +917708897423
Mail Us
support@crediblecs.com
Registered Office
#117/1, Habibullah Road, T. Nagar, Chennai, Tamil Nadu 600017
Corporate Office
No:61/2, 1st Floor, Suguna Vilasa Sabha Complex, Anna Salai Chennai - 600002