PF and ESI are two social security schemes available to employees working in India.
Eligibility for EPF Scheme:
EPF scheme applies to all type of establishment having 20+ Employees. For EPF, both the employee and the employer contribute an equal amount of 12% of the monthly salary of the employee. Employees can contribute more than 12% of their salary voluntarily, however the employer is not bound to match the extra contribution of the employee.
Eligibility for ESI Scheme:
ESI scheme applies to all types of establishments having 10+ employees. All Employee, whose monthly income does not exceed Rs.21,000 per month, are eligible to avail benefits under the ESI Scheme. Employee Contribution is 0.75% and Employer Contribution is 3.25%
Eligibility for MLWF Scheme:
MLWF scheme applies to all types of establishments having 5+ employees. Have to pay twice in a year. Employee Contribution Rs.12 and Employer Contribution Rs.36.
Eligibility for PT:
In Maharashtra Professional tax are applicable for both salaried and self-employed professionals who earn income working in government and private organizations and any other modes of employment
Labour law Compliance:
Labour Law Compliance is the mandatory rules and regulations which the companies have to follow. It regulates the companies, workers, and trade unions. Non-compliance with the laws can lead to punitive action towards the organisation. Labour Laws are imposed by the State as well as the Central Government.