- The employer must contribute 4.75% of the employees wages towards ESI . Once , registered the organization is allowed a 17 digit unique identification code . ESI contributions must be made by the employer for all employees having a salary of less than Rs. 15,000 per month.
- The registration of an establishment under provident fund becomes mandatory, the moment total number of employees in the organization reaches 20 in number.
- Documents needed for registration includes– pan card, address proof ,ownership details, pervious ESIC code , date of set up etc.
A business that obtains SSI registration becomes eligible for many schemesand subsidies that the government promotes to boost small scale business in India.
When it comes to the benefits of provisional SSI registration, it includes the material required for construction of the factory or building and business can get necessary clearance from authorities without delay
The eligibility for registration is – micro enterprise have less than 25lakh and 5 croreinvested in both the plant and machinery. And ,the same for medium enterprises.
PAN / TAN REGISTRATION
At present , individuals and registered business entities, including export businesses, are required to have PAN.
The PAN card is issued by the income tax department of the government of India. It allots a unique ten digit alphanumeric code known as permanent account number to each company which cannot be changed or given to anyone else.
Documents required to apply for PAN- driving license, voter ID, Aadhaar card etc.
Every company is required to file the annual accounts and annual return as per The Companies act,2013 within 30days and 60days respectively from the conclusion of the Annual general meetings.
The ROC Filing of annual accounts is governed under section 129(3),137 of the companies Act 2013 read with rule 12.
PART TIME ACCOUNTING SERVICES AT REASONABLE COST
We give part time accounting services to all types of companies and firms at a very reasonable cost