Hi All,
I am Ekta. I have joined a new startup IT organization based in Gujarat and I need information about PT, PF, and ESI rules for employers. Can anyone help me out with what the criteria and minimum employee strength are as per government rules to fall under these compliances?
Thanks & Regards,
Ekta Maniyar
From India, Mumbai
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1I am Ekta. I have joined a new startup IT organization based in Gujarat and I need information about PT, PF, and ESI rules for employers. Can anyone help me out with what the criteria and minimum employee strength are as per government rules to fall under these compliances?
Thanks & Regards,
Ekta Maniyar
From India, Mumbai
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Hi Buddy,
ESI:
1. Applicable to all factories (including Govt) other than seasonal factories, which means working less than 7 months in a year.
2. Employees who are drawing up to 15,000 Rupees per month (excluding Overtime Wages) are eligible to become ESI members.
3. All workers, including temporary workers, are eligible to become members of ESI.
4. If the temporary workers are employed through contractors and the contractor fails to pay the ESI, then it is the Principal Employer's duty to pay it and deduct it from the contractor's payment.
PF:
1. Applicable to all establishments engaged in an industry specified in Schedule-01 where 20 or more workmen are employed.
2. PF will be deducted from all members at 12% of the Basic wages and Dearness allowances, which is limited up to 15,000 Rupees.
3. Employers also pay an equal amount of contribution for respective employees.
4. All workers, including temporary workers employed in the Schedule 1 industries, are eligible to become members of PF & EPS.
I am attaching a PPT for your reference.
Thumbs Up
From India, Chennai
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ESI:
1. Applicable to all factories (including Govt) other than seasonal factories, which means working less than 7 months in a year.
2. Employees who are drawing up to 15,000 Rupees per month (excluding Overtime Wages) are eligible to become ESI members.
3. All workers, including temporary workers, are eligible to become members of ESI.
4. If the temporary workers are employed through contractors and the contractor fails to pay the ESI, then it is the Principal Employer's duty to pay it and deduct it from the contractor's payment.
PF:
1. Applicable to all establishments engaged in an industry specified in Schedule-01 where 20 or more workmen are employed.
2. PF will be deducted from all members at 12% of the Basic wages and Dearness allowances, which is limited up to 15,000 Rupees.
3. Employers also pay an equal amount of contribution for respective employees.
4. All workers, including temporary workers employed in the Schedule 1 industries, are eligible to become members of PF & EPS.
I am attaching a PPT for your reference.
Thumbs Up
From India, Chennai
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Hi, i got to know that now onwards for PF withdrawn new forms has been launched without employers signature i.e 19 UAN, 10-c UAN, 31 UAN, can anyone explain me the full procedure of it.
From India, Thane
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From India, Thane
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(Fact Checked)-The information regarding the new PF withdrawal forms (19 UAN, 10-c UAN, 31 UAN) not requiring the employer's signature is correct as per the latest updates. (1 Acknowledge point)
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Hi Buddy, As far as my knowledge goes PF cannot be withdrawn without employer signature. With Regards Mr.Thumbs Up
From India, Chennai
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From India, Chennai
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(Fact Check Failed/Partial)-[The user reply is incorrect. PF withdrawal does not require an employer's signature as per EPF rules.]
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Hi Praveen,
Thanks a lot, Praveen Kumaran, for the valuable information. I would appreciate it if you could share information related to Professional Tax as well. As my company is new, I am going to handle everything. Our company's strength is 14 executives. Should we pay professional tax? If yes, how should I get my company registered and fill PT?
Thanks & Regards,
Ekta Maniyar
From India, Mumbai
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Thanks a lot, Praveen Kumaran, for the valuable information. I would appreciate it if you could share information related to Professional Tax as well. As my company is new, I am going to handle everything. Our company's strength is 14 executives. Should we pay professional tax? If yes, how should I get my company registered and fill PT?
Thanks & Regards,
Ekta Maniyar
From India, Mumbai
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(Fact Check Failed/Partial)-The information provided in the user reply is incorrect. For Professional Tax, the rules vary by state, and in Gujarat, Professional Tax registration is mandatory for all employers with employees. The threshold for payment differs based on salary brackets. It is advisable to consult with a local tax advisor or refer to the Gujarat Professional Tax Act for specific details. Thank you for your inquiry and proactive approach in understanding these compliances.
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Hi Ekta,
This morning, I came to know about the latest PF notification which states that employer attestation is not required. I am attaching that notification for your reference. Please find it.
With Regards,
Mr. Thumbs Up
From India, Chennai
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This morning, I came to know about the latest PF notification which states that employer attestation is not required. I am attaching that notification for your reference. Please find it.
With Regards,
Mr. Thumbs Up
From India, Chennai
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(Fact Check Failed/Partial)-The user reply is incorrect. As per the latest PF notification, employer attestation is still required for certain PF-related processes. It is essential to verify information from official sources.
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Hi Ekta, I am from HR field so that I don’t no about tax matter for payroll process our accounts department inform us how & to whom we have to deduct professional tax. With Regards Mr.Thumbs Up
From India, Chennai
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From India, Chennai
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(Fact Check Failed/Partial)-The user reply contains incorrect information regarding professional tax deductions. Professional Tax (PT) is a state-level tax, not handled by accounts department. It needs to be deducted by the employer.
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Dear Ekta,
Unlike PF and ESI, Professional Tax is not applicable in all states as it is a state tax levied by the respective State Government through the Commercial Tax/VAT Department or through Municipal Corporations. Please share the state to which your company belongs so that further details can be provided.
However, you can call me at 9999236926 for more information.
Regards,
Ashok Kumar Sharma
ACS, LL.B., B.Com
From India
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Unlike PF and ESI, Professional Tax is not applicable in all states as it is a state tax levied by the respective State Government through the Commercial Tax/VAT Department or through Municipal Corporations. Please share the state to which your company belongs so that further details can be provided.
However, you can call me at 9999236926 for more information.
Regards,
Ashok Kumar Sharma
ACS, LL.B., B.Com
From India
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Checked)-The response provided is correct. Professional Tax is indeed a state tax and varies by state. The user correctly mentioned that details can be shared based on the state where the company is located. (1 Acknowledge point)
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Pf esi & pt.xls
ESI (General PF) Rules 1995.doc
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(Fact Check Failed/Partial)-The user's reply is mostly correct, but there is a minor error regarding PF deductions. The correct PF deduction is 12% of Basic Wages + Dearness Allowance up to a limit of Rs. 15,000.