PF and ESI
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Transcript of PF and ESI
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8/8/2019 PF and ESI
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` Statutory compliance of any employer employing morethan 20 employees.
` 12% of the salary will be deducted fromthe employees.
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The same % will be contributed by the employer also. And administrative charges of 1.61% also is to be paidby the employer
` Employees contribution and 1/3 of employerscontribution will be deposited into EPF account
` 2/3 of the employers contribution will be deposited tothe EPS (Employee pension scheme) account.
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` PF account of an employee can be transferred tothe new employer when a job switch happens.This allows the employee to continue with the PF
without any breaks and thus can have the entirebenefits offered under EPF scheme.` For this form 13 R is to be submitted along with
break certificate from the previous employer
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` A saving for the future of the employee after his/her retirement or for his dependents in case of his/her early death.
` PF Loans. After 5 years of remitting contribution 36 times thesalary or amount in the account whichever is less.
` Employee Pension Scheme.
After 10 years of remitting contribution one becomeseligible for pension
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` Form 9 Register book allotted for the employer `
` Form 13(Revised ) for transfer of PF from one employer to another `
` Form 2 Form for registering an employee for EPF`
` Form 12 A for giving monthly details of contribution by the` Employer and employee.`
` Form 5 for giving details of newly registering employment`
` Form 10 for cancellation of PF account`
` Form 6A Annual Statement of all the remittances`
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Form 3A Annual Individual Statement for employees`
` Form 19 for refund of EPF`
` Form 10c for refund of pension
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Employees share 1.75% of salary
Employers share 4.75% of salary
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` Employee should remit at least nine monthscontribution to get the full benefits of ESI scheme.
` Benefits include Treatment benefit, Sickness
Benefit, Maternity benefit, Disabilitybenefit,Dependantsbenefit.
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` O ut Patient treatment` House visit` Specialist consultation, diagnostic facilities` In patient treatment` Medicines and dressings-free of cost` X-ray and lab facilities` Vaccinations` Ambulance facilities, traveling expenses` Free food during hospitalization` Artificial limbs, equipments for physical rehabilitation` Family welfare programmes,other national health mission services.` Medical certification` Special facilities including super specialty facilities.
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Sickness benefit.Maternity benefit.Disability Benefit.
Temporary disability, Permanent disabilityDependants' benefit.O ther benefits.
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` It is the payment given to an insured employee for a certified illnessafter the completion of nine months in his/her job.
` For getting this benefit employee should have remitted at least 78days share in the respective contribution period.
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Maximum of 91 days benefit can be received.` Payment amount can vary from Rs. 14 to Rs. 145.` Just above the daily wages of the employee.
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` This is the payment given to an insured woman onpregnancy,abortion,pregnancy related illnesses, immature deliveryetc.
` A medical officer or mid wife should certify this in order to get thebenefit.
` The insured woman should have two contribution periods before her pregnancy and at least 70 days share should have remitted duringtheses periods.
` The amount given is almost equal to the daily wages.` 12 weeks payment is given normally for pregnancy.
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` It is the payment given to the employee who is unable to work because of any temporary disability happened during his/her work.
` The amount will be not less than 70% of daily wages.` This benefit cannot be given if the disability is for less than three days
excluding the day on which accident occurred.
2 Permanent disability benefitThis is a life long periodic payment given to the insured employees whogets permanently disabled because of any accident occurred at the worksite.
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` Funeral benefitsa maximum of Rs.2500/-
` Rehabilitation allowance.
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` Form 1 employee declaration form for getting registered under ESI` Form 1 - Employers registration form` Form 3 Return of declaration form`
Form 11 Accident book` Form 5 - Return of contributions
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