Hi,
Please advise me about what are the eligible criteria for the registration of EPF(Employees Provident Fund) and ESI(Employees State Insurance Corporation) for a private limited company.
Regards,
Sruthy
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EPF & ESI Schemes
Replies (1)
Any establishment having more than 10 employees (in some states it is 20 employees) who have a maximum salary of Rs. 21,000/- has to register itself with the ESIC.. Under the Employee State Insurance (ESI) scheme, it has fixed the contribution rate of the employees at 0.75% of their wages and the employer's contribution at 3.25% of the wages for FY 2023-24.
EPF registration is mandatory for all establishments having 20 or more persons engaged in any industry. The interest rate applicable to the EPF contributions is 8.1% for FY 2022-23.
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