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In India, forming a company takes between 15 and 30 days. It is up to you whether you prefer labour compliance or Provident Fund (PF) Registration, ESI Registration, and Professional Tax Registration. Every company structure in India is unique and beneficial for a variety of business activities. As a result, the first thing you should do is make a plan and discuss your business requirements with our experts before deciding on a suitable business structure.
EPF (Employees Provident Fund) is a scheme under the Employees' Provident Funds and Miscellaneous Terms Act, 1952. EPF usually is like a benefit to an employee during the organization's retirement.
Employee State Insurance (ESI) is regulated by the Employee State Insurance Corporation, an independent body formed by the law following the Ministry of Labour and Employment, Government of India. This scheme is started for Indian workers.
Professional Tax could be a state-level tax appropriate only for salaried workers and professionals and hired accountants, lawyers, doctors, etc. Business partners, salaried individuals, and people who held several occupations get under this tax pay.