ESIC Registration
Want to take advantage of the ESIC scheme’s employee benefits?
Through our simple virtual processes, our professionals at ICI can assist your establishment in registering under ESIC, preparing ESIC workings, and filing returns.
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Speak to our experts who will help you with ESIC Registration
What is ESIC?
ESI stands for Employee State Insurance. It is a self-financing social security scheme managed by the government of India through an autonomous authority – Employee State Insurance Corporation that falls under the jurisdiction of the Ministry of Labour and Employment. It aims to provide medical & monetary benefits to Indian employees and their dependents who are employed at an establishment or factory. The scheme is targeted to provide benefits to low income level employees of the Indian industry.
Table Of Contents
An Overview
The ESIC Act of 1948, mandates shops, movie theatres, hotels, restaurants, newspaper establishment, educational institution, motor transport establishment, etc. to compulsorily register under the ESIC Act if they have more than 10 employees earning less than Rs. 21,000 per month. In some states, the employee limit is 20.
A total of 4% of the gross salary of an employee has to be deposited in the ESI account.
Out of 4%, 3.25% is contributed by the employer and 0.75% is contributed by the employee.
Employers have to strictly deposit the money deducted from the employee’s wages in the ESI account of the employee. Non-payment or frauds by employers are liable to imprisonment up to 3 years and a fine of up to Rs 5,000. ESI is for the benefit and welfare of the employees and it is the responsibility of the employer to ensure that this purpose is fulfilled.
Due Date
-
For making Payments
15th of the next month
-
For Filing Returns
ESI returns are filed every half yearly
| Period | Due Date |
|---|---|
| April to September | 11th November |
| October to March | 11th May |
Benefits
- The following are the benefits enjoyed by the employees under the ESI scheme:-
-
Medical Insurance
In case of any medical emergency, full medical care for the employee and his family members is provided by the ESIC -
Sick Leave Benefits
Compensation in the form of cash at 70% of the wages is paid during certified sickness -
Benefit In Case Of Disablement
In case of temporary or permanent disablement in the course of employment, 90% of monthly wage is paid till the time disablement is continued. The disablement should be backed up by a certificate from the Medical Board -
Expenses For Funeral
₹15,000 is given to the family members in case of death of the employee to perform the funeral rites -
Family Benefits
In case of death of the employee during the course of employment, 90% of the monthly wages is paid to the family members - Paid Leaves To Pregnant Women
- Rehabilitation Allowance
- Medical Expenses In Old Age
Documents Required
- For Registration:
-
In case of a company - Certificate of incorporation, MOA and AOA
In case of LLP - Certificate of incorporation and LLP agreement
In case of Partnership Firm – Partnership Deed
Related read: How To Choose Between A Private Ltd. Company And LLP?
- License Granted As Per Factories Act Or Shop Establishment Act
- Scanned Copy Of PAN Card Of The Entity And Of The Employees
- Scanned Copy Of Bank Statement
- Address Proof Of The Business
- Directors, Partners, Shareholders Details (As Applicable To The Entity)
- Employee Details Along With Salary Register
- Attendance Register Of Employees
- Cancelled Cheque
- Digital Signature Of Authorized Person
- For Filing ESI Returns:
- Login Credentials
- Salaries And Wages Sheet
- Employee Attendance Sheet
- Form 6
- Monthly Challans
- Details Of Any Accidents Occurred On The Business Premises
Process
- Identify whether the establishment is required to register under ESI
- Prepare documents for submission with the Registration application to the department
- Grant of Registration certificate from the department
- Adding employees to the online portal
- Payment of monthly ESI contribution
- Filing of ESI returns
How will we help you?
- Our experts at ICI will help you obtain an ESI registration for your entity & File ESI returns as well.
- Following are the steps:
- Submit a service request by clicking here
- Our team will connect with you, to understand basic details about the business & provide you with a simple checklist
- Once you fill up the checklist & provide us with the required documents, our team shall verify them
- We shall then prepare your ESI registration application & submit it to the ESIC department for further processing
- In case of any query from the department, our experts shall respond to them on your behalf
- Once the application is accepted & the certificate is granted, we shall provide you the 17 digit Identification Code Number, Employee Insurance Number & Temporary Identity Card
- We shall then help you calculate the ESI amount for all your employees monthly and file ESI returns
- other services:
- Modify employee details
- Add new employee or delete existing employee
- Report accidents to claim benefits for the employee
FAQs
An establishment should register within 15 days from the date it becomes eligible. Failure to do so shall attract a penalty of ₹ 10,000 on the employer.
Yes, to recognize each employee, the authority assigns a unique identification number to every worker.
AT ICI, we have a team of experts who shall file your ESIC application without any mistake. We ensure that your return filing is accurate and on time, so that you don’t have to face any legal or monetary penalties. We have a smooth process incorporated at our end to tackle the time consuming and exhaustive registration process.
In case of delayed payment, an employer has to pay simple interest at 12% on the amount of contribution for each day of delay.
It takes 10-15 days to get your ESI registration if the application form & documents submitted are error-free. In some cases, the registration may be delayed from the end of the department.
Our ESI registration and filing service are completely online. And so we can provide service to any establishment all over India.
Speak to our experts who shall solve all your doubts.
Call us at +91 7738 066 334 or Mail us at info@indiacompanyincorporation.com
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