Statutory payments and compliance easy to understand.

1. PT, ESI &
PF Short
summary

2. Notes on Statutory Payments
Professional Tax (PT)
 Date of Payment:
15th of succeeding month + additional 5 days grace
 Slab:
Salary PT payable
Less than 10,000 Nil
10,000 to 14,999 150 per month
15,000 and more 200 per month
 Interest & Penalty:
For late payment of PT, Interest@ 1.25% p.m.
would be levied & a maximum penalty of 50%
of the total amount due may also be levied.
 Returns:
Annual Return- Form 5
Monthly Return- Form 5A
 Salaries, for the purpose of provident
fund include dearness allowance, but
exclude all other allowances and
perquisites.

3. Employees State Insurance Scheme
(ESIC)
 Date of Payment:
16th of the Succeeding month + 5 days of Grace
 Slab:
Employee- 1.75% of Basic salary
Employer- 4.75% of Basic & Admin Charges 1.61%
 Notes:
 1.1% of Employers Basic Salary
 0.5% of Basic Salary Employer has to pay
EDLIS
 0.01% of Basic salary Employer has to pay
towards Admin Charges of EDLIS
 Total Percentage contributed by Employer is
12%+1.61%= 13.61%
 EDLIS: Employee Deposit Link Insurance
Scheme
 Interest & Penalty:
An employer, who fails to pay the contribution
within the limit prescribed, shall be liable to pay
simple interest at the rate of 12% per annum in
respect of each day of default or delay in
payment of contribution.

4. Provident Fund
(PF)
 Date of Payment:
15th of Succeeding Month + 5 days of Grace
 Slab:
Employee Rate- 8.33% EPF 3.67% EPS Fund
Employer Rate- 12% Basic 1.61% Admin Charges
 Notes:
Effective from 1st September 2014:
 EDLI: 0.5%
 EPF Admin Charges: 1.1%
 EDLI Admin Charges: 0.01%
 Minimum pension under EPS `1,000 p.m.
 EPF is now mandatory for all those whose
salary is less than Rs.15,000
 Interest & Penalty:
An employer, who fails to pay the contribution
within the limit prescribed, shall be liable to
pay simple interest at the rate of 12% per
annum in respect of each day of default or
delay in payment of contribution.