Would you please help me for resolving my doubt regarding whether there is a need for ESI & PF registration for a private limited company having employees up to 12 and its incorporated on 2020.Also please clarify regarding deduction of Professional Tax of employees of said company.
2 Replies
Kriti
(n/a)
(400 Points)
Replied 25 February 2023
Yes, a private limited company with 12 or more employees is required to register for the Employees' State Insurance (ESI) and the Provident Fund (PF) schemes.
As for Professional Tax, it is a tax levied by state governments on individuals earning an income. The amount of tax and the threshold for tax liability vary from state to state. Employers are responsible for deducting and depositing professional tax on behalf of their employees to the state government. Therefore, you should check the professional tax rules in your state and ensure that your company is deducting and depositing the tax as required.
sruthy
(article)
(34 Points)
Replied 25 February 2023
Thank you kriti,actually our company had only 10 employees so we need to register.
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