What is PF & ESIC registration criteria?

PF REGISTRATION- If any firm/company employed more than 20 employees and salary of those employees is above Rs. 15000/- p.m on any day in a year then PF registration is mandatory.

ESIC REGISTRATION- If any firm/company employed more than 10 employees and salary/ wages of those employees/ labour is below Rs. 21000/- p.m on any day in a year then ESIC registration is mandatory.

What are the compliances?

PF COMPLIANCES:

• All the firms to which PF is applicable need to file challan and ECR every month.
• Due Date of Challan - 15th of every month
• ECR filing - 25th of every month
• Annual Return - 30th April every year

ESIC COMPLIANCES:

• Due Date of Challan - 15th of every month
• ESIC mandates the submission of half-yearly returns covering two six-month periods
• 1^st April to 30^th September : 12^th November
• 01^st October to 31^st March : 12^th May