PF & ESI Registration and Returns
The Employees Provident Fund (EPF) has been considered to be a social security scheme and indeed helps the employee to save a small portion of his salary for the future financial benefits.
In this endeavor, it is mandatory for every company to offer its employees with Employees Provident Fund (EPF) which is quite similar to that of the retirement fund. Needless to mention, that the EPF comes under the preview and governance of the Employees Provident Funds and Miscellaneous Provisions act of 1952.
The ESI scheme was launched by the Government of India to offer medical support to the employees working for an organization and managed by an autonomous body-The Employee State Insurance Corporation which is under the jurisdiction of Ministry of Labor and Employment. Under the directives of the ministry, the ESI can be made available for a company with minimum employee strength of 10.