Employees’ State Insurance Corporation (ESIC) is a statutory corporate body set up under the ESI Act, 1948. It is responsible for the administration of the ESI scheme—a self-financed social security initiative aimed at providing protection to employees during financial hardships due to sickness, maternity, disablement, or death resulting from employment injuries.
EPF (Employee Provident Fund) is a monetary benefit scheme for salaried employees. It serves as a disciplined savings tool and one of the most effective long-term investment methods.
Once registered under EPF and ESI, employers are required by statute to file returns regularly. Delays in filing can result in penalties imposed on the employer. Legal Window ensures timely filing and full compliance for EPF and ESI returns.
Employers must deduct the employee’s share from wages and add their contribution to deposit into the ESI fund. This combined contribution must be deposited within 15 days of the end of each calendar month. Payments can be made online or through designated branches of the State Bank of India and other authorized banks.
Similar to ESI, EPF contributions are deducted from employee wages and matched by the employer. Deposits must be made within 15 days of the month's end through online payments or authorized bank branches.
ESI and EPF return filing help promote transparency, build trust, and establish a reputation for reliability and legal compliance in the eyes of employees and customers.