Employees’ Provident Fund (EPF) is a social security scheme that allows employees to set aside a percentage of their pay for future benefits. Every company must provide its employees with an EPF, or Employees Provident Fund, which functions similarly to a retirement fund. The Employees’ Provident Funds and Miscellaneous Provisions Act of 1952 governs the EPF. Organizations with a total staff size of more than 20 have to register for the EPF. Employers in this case can register for PF online.
Professional Tax registration is essential for employers and individuals in any profession or industry. A registration certificate is necessary for the entity. The Professional Tax is a way for the state to make money. Enrolment in a tax system is now possible. Tax Allounder makes it simple, affordable, and accessible for you.
Employee State Insurance Corporation (ESIC Registration) is a self-funded social welfare and health insurance scheme that provides medical, illness, and maternity benefits, as well as a variety of other perks to employees and their families, such as funeral expenses, free supply of physical aids, and so on.
Each factory or enterprise with ten or more employees, regardless of compensation, is required to register with ESIC. All employees with a monthly income of less than Rs.21,000 must pay ESI contributions. This statutory scheme provides health and illness benefits to employees earning less than Rs. 21,000 per month.
The Shop and Establishment Act governs and regulates the majority of businesses in India, including restaurants, stores, cafes, and other similar establishments. The objective of the Shop and Establishment Act Registration License is to ensure that employees working in companies such as stores, commercial establishments such as residential hotels, theatres, and restaurants have access to stationary perks.
