Demand cut from ₹10,050 to ₹1,310
TaxSavvy for pf registration
Hiring staff? PF and ESI, set up and filed.
We register PF and ESI and file the monthly challans and returns.
If you wait: Late PF: 12% a year interest plus damages (Code on Social Security 2020, Sec 127)
What you send
Any one of these gets us started. Photos are fine.
- GST returns
- Last year's accounts
- Bank statement
Send them on WhatsApp or upload after you start. Documents are encrypted and seen only by your CA.
How we get it done
Four steps, the same for every job. You see each one ticked.
Information
PAN of the establishment. Incorporation or registration certificate
Discussion
On what date did your headcount, including contract and casual staff, first reach 20?. Did the company already get an EPFO code through SPICe+ AGILE-PRO-S?
Forms
Check coverage: headcount of 20 or more, or voluntary coverage; list employees with EPF wages up to the ceiling (₹25,000 from 17 September 2026). Sign up on the Unified Shram Suvidha Portal and verify email
Deliverables
Establishment code and registration confirmation. EPFO employer portal login with DSC mapped
See what you get, free
Real formats, made with dummy data.
Sample Sample ₹30,700 leaking every month
Sample Books from your bank statement
13 bank lines, books balanced
Questions, answered the CA way
Facts, Provisions and law, Analysis, Conclusion.
EPF: Contribution, Interest Taxability, EEE Status
- Facts
- EPF is India's most widely used retirement instrument, but with a critical tax trap from Budget 2021. EPF interest on employee contribution above ₹2.5L/year is now taxable. Most salaried employees with high basic salary are unknowingly earning taxable EPF interest.
- Provisions and law
- Sec 11 (old 10(12)); Sec 123 (old 80C); EPF Act 1952; Sec 192A; Notification 2021
- Analysis
- Who is affected by the ₹2.5L taxable interest rule: If your basic salary is above ₹1,73,611/month (₹2.5L ÷ 12 months ÷ 12% contribution): your EPF contribution exceeds ₹2.5L per year. Interest on the excess is taxable. Example: Basic ₹2L/month → EPF contribution ₹2,40,000/year (under ₹2.5L) → all interest tax-free. Basic ₹3L/month → EPF contribution ₹3,60,000/year → interest on ₹1,10,000 excess is taxable at slab rate. EPS, Employees Pension Scheme: Part of employer's 12% contribution goes to EPS (8.33%, capped at ₹15,000 basic = ₹1,250/month for old scheme, uncapped under higher wage option). EPS gives pension on retirement, minimum ₹1,000/month. No return during accumulation period, it's an annuity pool. Cannot be withdrawn separately, it's converted to pension at age 58. UAN, Universal Account Number: Permanent account number for EPF. Stays with employee across all employers.
- Conclusion
- Activate UAN at epfindia.gov.in → link Aadhar, PAN, bank account
- Check current EPF balance via passbook (passbook.epfindia.gov.in)
- Calculate annual EPF contribution: 12% × basic salary × 12 months
- If annual contribution > ₹2.5L: interest on excess is taxable, declare in ITR
PPF: 15-Year Lock-in, Partial Withdrawal, Extension, Loan
- Facts
- The safest investment in India. Government guarantee. Tax-free interest. EEE status, exempt at investment, exempt during growth, exempt at maturity. But the 15-year lock-in confuses most investors, partial withdrawals, extensions, and loans are available but have specific rules.
- Provisions and law
- Sec 10(11); PPF Act 1968; PPF Rules 1968; PPF Extension; PPF Loan
- Analysis
- Why April 5 matters: PPF calculates interest on MINIMUM balance between 5th and last day of each month. If you deposit ₹1.5L on April 1-5, it earns interest for all 12 months (April through March). If you deposit on April 6-30, you earn interest for only 11 months (May through March). On ₹1.5L at 7.1%, depositing after April 5 costs: ₹1.5L × 7.1% ÷ 12 = ₹888 in lost interest per year. 15-year calculation, when does it actually mature: First deposit: July 2010 (FY 2010-11). Maturity: end of FY 2024-25 = March 31, 2025 (15 full FYs from 2010-11). Common mistake: counting 15 calendar years from deposit date. It's 15 financial years from the FY of first deposit. Partial withdrawal rules (from Year 7): Withdrawal available from Year 7 of account. In year 7 (2024-25 if started 2009-10): withdraw up to 50% of balance at end of Year 4 (2013-14) or Year 6 (2018-19), whichever is lower.
- Conclusion
- Open PPF account: SBI, Post Office, HDFC, ICICI, Axis, any authorised bank/PO
- Deposit by April 5 each year for maximum interest. Set bank standing instruction for April 1 transfer.
- Minimum ₹500 per year to keep account active. Maximum ₹1.5L.
- If missed a year: account dormant. Revival: ₹500 minimum + ₹50 penalty per missed year.
EPF and PPF nominations: Form 2 is critical
- Facts
- EPF nomination is done through Form 2, filed with the employer on joining. If married, spouse and children must be nominated. Parents can be nominees only if no spouse or children. The EPF nominee receives the corpus absolutely, your Will cannot override this.
- Provisions and law
- EPF Act 1952, Sec 6A | PPF Act 1968
- Analysis
- Check urgently: Many employees file Form 2 at the time of joining and never update it, if you've married, had children, or divorced since then, your EPF may still go to your parents. PPF: nomination done at bank/post office. Update via Form G. If no nominee, the PPF balance goes to legal heirs (with succession process).
ESIC: Employee State Insurance for health cover below ₹21,000 salary
- Facts
- ESIC provides comprehensive health, disability, maternity, and unemployment benefits to employees earning below ₹21,000/month (₹25,000/month for persons with disability).
- Provisions and law
- Employees' State Insurance Act 1948 | ESIC | Applicable: establishments with 10+ employees
- Analysis
- Contributions: Employee: 0.75% of gross wages. Employer: 3.25% of gross wages. From January 2017, reduced contribution for employees below ₹137/day wage threshold. Benefits: Full medical care for self and family (no premium). Sick leave cash benefit (70% of wages). Maternity benefit (26 weeks at full wages). Disablement benefit (90% of wages). Funeral expenses on death: ₹15,000. As an employer: Compulsory ESIC registration if you have 10+ employees in a covered area and any employee earns below ₹21,000. Late contribution penalty: 12% per annum interest.
Hiring staff? PF and ESI, set up and filed.
A Chartered Accountant handles it. Fixed price, told before you pay.
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