Mandatory registration if no. of employees are 20/10 or more in EPF/ESIC Deduct PF and ESIC employee share from Salary and Deposit along with employer's contribution within 15th of Every month
Registration of EPF and ESIC now comes under the central labour act towards an initiative of Ease of Doing business. EPF and ESIC registration processes are completely online without the requirement of submission of any physical application documents either before the registration or after it. EPF and ESIC registration can be taken either combinedly or Separately in the government portal shramsuvidha. w.e.f. 15th February 2020, EPF and ESIC registration comes as default with the incorporation of a new company in India. However, the previously registered companies shall follow the same process of registration. If employees agreed, an employer could take voluntary registration even though no. of employees working are below the limit of 20/10 in EPF/ESIC
For EPF-> Company having 20 or more employees, Salary upto Rs 15,000 PM
For ESIC-> Company having 10 or more employees, Salary upto Rs 21,000 PM