Provident Fund. It is a government-backed, mandatory retirement savings scheme where an employee and their employer each put in a fixed part of the salary every month to build a financial cushion for the future. In India, it is commonly known as EPF (Employee Provident Fund) and managed by the Employees' Provident Fund Organization (EPFO). PF ESIC Consultants in Thane the Provident Fund (PF), specifically the Employees' Provident Fund (EPF) in India, is a vital government-backed savings scheme that builds financial security for salaried workers. It forces regular, disciplined savings throughout your career so you have money when you stop working. Both you and your employer chip in 12% of your basic salary every month. Your deposits qualify for tax deductions up to ₹1.5 lakh under Section 80C. The interest and final payout are also generally tax-free. You can take partial withdrawals for big life events like medical needs, buying a house, or children's education. Part of your employer's share goes into a pension plan (EPS) and provides life insurance coverage (EDLI).Your Universal Account Number (UAN) lets you carry your PF account with you smoothly when you switch jobs.
A medical care and social welfare fund managed by the Employees' State Insurance Corporation (ESIC) for workers and their families. Employees' State Insurance Corporation, a social security and health insurance program in India that provides medical care, sickness cash flow, and maternity support. It covers workers earning up to 21,000 a month in businesses with 10 or more workers. Medical Care: Free full medical treatment for the worker and their family with no upper spending limit. Sickness Benefit: Cash pay at 70% of daily wages during medical leave for up to 91 days a year. Maternity Benefit: Full daily wages (100%) for 26 weeks of maternity leave for childbirth. Disablement Benefit: Monthly cash support of 90% of wages for temporary or permanent disability caused by a workplace injury. Dependents’ Benefit: Monthly pension paid to family members if an employee dies due to a work injury. Other Support: Financial help for funeral costs and vocational training. When you start working in the organized sector, you often notice deductions like PF, TDS, and ESIC in your salary slip. While many employees focus on the “in-hand salary,” they overlook the long-term benefits these contributions provide. One of the most valuable yet misunderstood schemes is ESIC. The Employees’ State Insurance Scheme is an integrated measure of Social Insurance embodied in the Employees’ State Insurance Act and it is designed to accomplish the task of protecting ‘employees’ as defined in the Employees’ State Insurance Act, 1948 against the impact of incidences of sickness, maternity, disablement and death due to employment injury and to provide medical care to insured persons and their families. PF ESIC Consultants in Thane helps organizations navigate complex regulations effectively. Time-saving: Managing PF compliance can be time-consuming. By hiring a consultant, businesses can save valuable time and resources that can be better spent on other critical areas of their operations. Error Reduction: With their experience, PF consultants help minimize errors in documentation and submissions, reducing the risk of penalties associated with non-compliance. Streamlined Processes: Consultants simplify the registration and withdrawal processes, ensuring that all procedures are followed correctly and efficiently. Dispute Resolution: In cases where there are disputes regarding PF claims or withdrawals, a consultant can assist in resolving these issues, increasing the chances of a favorable outcome.
The ESI Scheme applies to factories and other establishment’s viz. Road Transport, Hotels, Restaurants, Cinemas, Newspaper, Shops, and Educational/Medical Institutions wherein 10 or more persons are employed. However, in some States threshold limit for coverage of establishments is still 20. Employees of the aforesaid categories of factories and establishments, drawing wages up to 15,000/- a month, are entitled to social security cover under the ESI Act. The ESI Scheme is financed by contributions from employers and employees. The rate of contribution by employer is 4.75% of the wages payable to employees. The employees’ contribution is at the rate of 1.75% of the wages payable to an employee. Employees, earning less than ` 100/- a day as daily wages, are exempted from payment of their share of contribution. Most providers offer a mix of online coordination and physical document liaising with regional provident fund and insurance offices. PF and ESIC Consultants in Thane help businesses manage employee social security laws. Their main jobs are employer registration, monthly filing, and claim support. Setting up new company accounts with the Provident Fund (PF) and Employees' State Insurance Corporation (ESIC) departments, plus creating Universal Account Numbers (UAN) for workers. New Registration: Setting up new company accounts with the Provident Fund (PF) and Employees' State Insurance Corporation (ESIC) departments, plus creating Universal Account Numbers (UAN) for workers. Monthly Filings: Calculating correct monthly payments, making online challans, and filing return forms on time to avoid fines. Record Keeping: Maintaining proper wage books, attendance rolls, and inspection registers so companies are ready for government checks. Grievance and Claims: Helping workers with PF money withdrawals, transfers, and medical or sickness benefits through ESIC. Thane are actively operating to manage rising corporate and individual compliance needs, offering registration, monthly return filings, and complex withdrawal support. Many individual clients approach agents due to online claim rejections caused by mismatched KYC, unverified bank details, or Aadhaar discrepancies.
Seven Consultancy provides the specialized service of PF ESIC consultant. Journey of Seven Consultancy started in 2007. Now it has crossed many milestones and added many feathers in its crown. Currently having operations in different cities of India and abroad to provide solution to Employee Statutory Compliance to our clients. It made us one of the top most among the all the PF consultant companies in India. We provide not only PF consultancy services but also a complete Labour Law solutions related to all the activities of Employee Statutory Compliance along with outsourcing. We are one of the Top PF ESIC consultant provider across PAN India. Our consultants are expert in the local labor market, and will work with you to understand your business and your needs. As Seven Consultancy have a very prominent presence across PAN India, whenever an employee or an employer will search for PF and ESIC Consultants in Thane they will get our company details over the internet.
A medical care and social welfare fund managed by the Employees' State Insurance Corporation (ESIC) for workers and their families. Employees' State Insurance Corporation, a social security and health insurance program in India that provides medical care, sickness cash flow, and maternity support. It covers workers earning up to 21,000 a month in businesses with 10 or more workers. Medical Care: Free full medical treatment for the worker and their family with no upper spending limit. Sickness Benefit: Cash pay at 70% of daily wages during medical leave for up to 91 days a year. Maternity Benefit: Full daily wages (100%) for 26 weeks of maternity leave for childbirth. Disablement Benefit: Monthly cash support of 90% of wages for temporary or permanent disability caused by a workplace injury. Dependents’ Benefit: Monthly pension paid to family members if an employee dies due to a work injury. Other Support: Financial help for funeral costs and vocational training. When you start working in the organized sector, you often notice deductions like PF, TDS, and ESIC in your salary slip. While many employees focus on the “in-hand salary,” they overlook the long-term benefits these contributions provide. One of the most valuable yet misunderstood schemes is ESIC. The Employees’ State Insurance Scheme is an integrated measure of Social Insurance embodied in the Employees’ State Insurance Act and it is designed to accomplish the task of protecting ‘employees’ as defined in the Employees’ State Insurance Act, 1948 against the impact of incidences of sickness, maternity, disablement and death due to employment injury and to provide medical care to insured persons and their families. PF ESIC Consultants in Thane helps organizations navigate complex regulations effectively. Time-saving: Managing PF compliance can be time-consuming. By hiring a consultant, businesses can save valuable time and resources that can be better spent on other critical areas of their operations. Error Reduction: With their experience, PF consultants help minimize errors in documentation and submissions, reducing the risk of penalties associated with non-compliance. Streamlined Processes: Consultants simplify the registration and withdrawal processes, ensuring that all procedures are followed correctly and efficiently. Dispute Resolution: In cases where there are disputes regarding PF claims or withdrawals, a consultant can assist in resolving these issues, increasing the chances of a favorable outcome.
The ESI Scheme applies to factories and other establishment’s viz. Road Transport, Hotels, Restaurants, Cinemas, Newspaper, Shops, and Educational/Medical Institutions wherein 10 or more persons are employed. However, in some States threshold limit for coverage of establishments is still 20. Employees of the aforesaid categories of factories and establishments, drawing wages up to 15,000/- a month, are entitled to social security cover under the ESI Act. The ESI Scheme is financed by contributions from employers and employees. The rate of contribution by employer is 4.75% of the wages payable to employees. The employees’ contribution is at the rate of 1.75% of the wages payable to an employee. Employees, earning less than ` 100/- a day as daily wages, are exempted from payment of their share of contribution. Most providers offer a mix of online coordination and physical document liaising with regional provident fund and insurance offices. PF and ESIC Consultants in Thane help businesses manage employee social security laws. Their main jobs are employer registration, monthly filing, and claim support. Setting up new company accounts with the Provident Fund (PF) and Employees' State Insurance Corporation (ESIC) departments, plus creating Universal Account Numbers (UAN) for workers. New Registration: Setting up new company accounts with the Provident Fund (PF) and Employees' State Insurance Corporation (ESIC) departments, plus creating Universal Account Numbers (UAN) for workers. Monthly Filings: Calculating correct monthly payments, making online challans, and filing return forms on time to avoid fines. Record Keeping: Maintaining proper wage books, attendance rolls, and inspection registers so companies are ready for government checks. Grievance and Claims: Helping workers with PF money withdrawals, transfers, and medical or sickness benefits through ESIC. Thane are actively operating to manage rising corporate and individual compliance needs, offering registration, monthly return filings, and complex withdrawal support. Many individual clients approach agents due to online claim rejections caused by mismatched KYC, unverified bank details, or Aadhaar discrepancies.
Seven Consultancy provides the specialized service of PF ESIC consultant. Journey of Seven Consultancy started in 2007. Now it has crossed many milestones and added many feathers in its crown. Currently having operations in different cities of India and abroad to provide solution to Employee Statutory Compliance to our clients. It made us one of the top most among the all the PF consultant companies in India. We provide not only PF consultancy services but also a complete Labour Law solutions related to all the activities of Employee Statutory Compliance along with outsourcing. We are one of the Top PF ESIC consultant provider across PAN India. Our consultants are expert in the local labor market, and will work with you to understand your business and your needs. As Seven Consultancy have a very prominent presence across PAN India, whenever an employee or an employer will search for PF and ESIC Consultants in Thane they will get our company details over the internet.