Team member State Insurance Scheme is a social security scheme to give social protection to employees earning upto Rs. 21,000/- per month. The employer and employee contribute fixed amount to the fund monthly. The State Governments also contribute 1/8th share of the cost of Medical Benefit. The protection is provided against the events of sickness, maternity, disablement and death due to employment injury and to provide medical care to the insured employees and their families. ESI is a must for entities employing 10 or more persons. We will help you get registered under the scheme. Services Covered Drafting documents Filing of forms with Authorities Issue of ESI Code Documented Follow-up Who Should Buy Every person/entity operating from a shop/office/business establishment employing 10 or more employees.
PF – PF stands for Provident Fund. It’s required once the employment is more than 10.