ESI & PF Return’s
To provide financial stability and security to employees when they are temporarily or no longer fit to work, the Parliament enacted the Employee’s Provident Fund Scheme (EPFS) 1952. The central government trust manages these funds, and employees are require to contribute a part of their salary to it every month during their employment tenure.
Eligibility of PF Registration
Registration for PF / ESI is compulsory for the companies/organizations who employ more than 20 individuals. Also, small organizations which do not have the minimum strength can register themselves voluntarily. Organizations which grow to a strength of 20 members are expected to register themselves within one month of attaining the minimum strength.