Labour Law Compliances

Professional Tax is a tax which is levied at the state level in our country. People who practice a profession of a Chartered Accountant, Cost Accountant, Lawyer, Company Secretary, Doctor or are a Businessperson/Merchant and earn through such professions are liable to pay professional tax in some states of the country.

Professional tax is levied by the Municipal Corporation/ authority of any state and union territory. It is levied through predetermined tax slabs and is paid on monthly basis. It is payable by private company employees or government employees.

Employer PT Payment: 30 April Every year.

Employee PT Payments: 20th of every month

Employee PT Returns: 20th of every month

The Employees’ State Insurance (ESI) Scheme is one of the most popular schemes among employees engaged in various economic sectors in entire India. This ESI scheme is administered and regulated by an autonomous and self-financing social security and labour welfare organization named ESIC, strictly as per the rules and regulations given in the Indian ESI Act of 1948.

To make available the benefits provided under this ESI scheme, the registered employing entity needs to contribute 4.75% of the total monthly salaries/wages payable to its employees; while the eligible individual employees require to contribute only 1.75% of their individual monthly salary to the ESIC funds, every month of the year. Those employees who earn up to INR 100/- per day, are exempted from paying their share of contribution to the ESI scheme.

Payments: 15th of every month

Returns: May 11th and November 11th.

EPF, a retirement benefit scheme which is available to all salaried employees. EPF is looked after and maintained by the Employees Provident Fund Organization of India (EPFO) and a registered company with over 20 employees is mandated by law to register with the EPFO.

Payments: 15th of every month

Returns: 15th of every month