Dear Seniors, Greetings !! Can anybody help me in learning ESI and PF? Need guidance. Kindly helpppp !! Warm Regards Kritika Singhal
From India, Gurgaon
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From India, Gurgaon
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Hi Kritika,
You may refer to the links below for information on these benefits:
For ESIC: Coverage | Employee's State Insurance Corporation, Ministry of Labour & Employment, Government of India
For PF: EPFO || For Employees
If you have any further queries, you may reply.
Regards,
Asna Siddiqui
Associate HR
From India, Hyderabad
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21You may refer to the links below for information on these benefits:
For ESIC: Coverage | Employee's State Insurance Corporation, Ministry of Labour & Employment, Government of India
For PF: EPFO || For Employees
If you have any further queries, you may reply.
Regards,
Asna Siddiqui
Associate HR
From India, Hyderabad
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For your basic knowledge:
ESIC:
- Eligibility: Employee's gross wage is less than INR 21,000.
- Employee Contribution: 1.75% of gross wage.
- Employer Contribution: 4.75% of gross wage.
- Administered by: Employee State Insurance Corporation.
- Benefits: To provide medical/employment benefits to employees and their dependents.
PF:
- Eligibility: All employees of an organization holding a strength of more than 20 employees.
- Employee Contribution: 12% of Gross Wage.
- Employer Contribution: 12% of Gross Wage (divided into PF (3.67%) & Pension (8.33%)).
- Administered by: Regional PF Authority.
- Benefits: To provide retirement benefits to employees and their nominees in case of bereavement.
Hope this info helps!
Regards,
Asna Siddiqui
Associate HR
From India, Hyderabad
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ESIC:
- Eligibility: Employee's gross wage is less than INR 21,000.
- Employee Contribution: 1.75% of gross wage.
- Employer Contribution: 4.75% of gross wage.
- Administered by: Employee State Insurance Corporation.
- Benefits: To provide medical/employment benefits to employees and their dependents.
PF:
- Eligibility: All employees of an organization holding a strength of more than 20 employees.
- Employee Contribution: 12% of Gross Wage.
- Employer Contribution: 12% of Gross Wage (divided into PF (3.67%) & Pension (8.33%)).
- Administered by: Regional PF Authority.
- Benefits: To provide retirement benefits to employees and their nominees in case of bereavement.
Hope this info helps!
Regards,
Asna Siddiqui
Associate HR
From India, Hyderabad
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Dear Ansa Siddiqui PF Employee Contribution: 12% of Basic Wage not gross. And Employer Contribution: 13.36 % of Basic Wage Regards Arvind Kumar HR. Manager
From India, Gurgaon
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From India, Gurgaon
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Thank you Arvind for the correction :-) By mistake i typed it as gross.
From India, Hyderabad
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From India, Hyderabad
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Dear Sir, Thank you soo much... @ Mr.Arvind kumar and Asna Siddiqui Regards Kritika
From India, Gurgaon
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From India, Gurgaon
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Dear asna, There is only 1 correction. I.e. Gross wages is upto 21000/- pm instead of less than 21000/- pm. Rgdd
From India, Mumbai
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From India, Mumbai
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Dear All, what is the contribution if someone has completed 58 years of age
From India, Gurgaon
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From India, Gurgaon
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If an employee is the sole earning member in a family, can he/ she include siblings as dependent for ESI. Also, for treatments is there a cap on expense? Thanks, Anoop
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Hi Bhavi,
After 58 years of age, if a person is still in service, then the contribution to ESI and Employee PF remains the same. Only their Employer PF pension part (8.33% of 12%) will cease, and only PF contribution (12%) will continue.
If a person is not in service, they are eligible to receive the PF amount on a monthly pension basis or can withdraw it at once, but they will be deprived of ESI benefits after completing the ESI tenure. If they want to opt for ESI benefits post-retirement, they must pay INR 120 per year to receive the benefit.
Regards,
Asna Siddiqui
From India, Hyderabad
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After 58 years of age, if a person is still in service, then the contribution to ESI and Employee PF remains the same. Only their Employer PF pension part (8.33% of 12%) will cease, and only PF contribution (12%) will continue.
If a person is not in service, they are eligible to receive the PF amount on a monthly pension basis or can withdraw it at once, but they will be deprived of ESI benefits after completing the ESI tenure. If they want to opt for ESI benefits post-retirement, they must pay INR 120 per year to receive the benefit.
Regards,
Asna Siddiqui
From India, Hyderabad
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