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Employees State Insurance Registration

Mandatory for a company having 10/20 or more employees, Salary upto Rs 21,000 PM

  • Employer's Statutory Liablity to deposit monthly PF
  • Registration time taken 4-7 days
  • Our pricing starts @ Rs 5,000/-

Employees State Insurance Scheme at a glance

ESI Scheme is govern by the Employees' State Insurance Corporation, employed according to the ESI Act 1948.

The ESI Scheme refers to companies and other business viz. Road Transport, Hotels, Restaurants, Cinemas, Newspaper, Shops, and Educational/Medical Institutions wherein,

  • 10 or more artists ( 20 or more in some states) serving and
  • Drawing Salary/wages upto Rs.21,000/- per month.

ESI Corporation has expanded the benefits of the ESI Scheme to the workers deployed on the construction sites situated in the implemented regions under ESI Scheme w.e.f. 1st August, 2015.

 

Under the ESI Scheme,

  • Employer contributes 4.75% of the wages.
  • Employees' Contribution is 1.75% of the wages.
  • Employees, earning less than Rs. 137/- a day as daily wages, are exempted from payment of their share of contribution.Employers will however contribute their own share in respect of these employees.

 

Legal requirement of Employer towards Employees State Insurance Scheme

Comply Rule & Take Registration
It's Statutory Responsibility of the Companies on which ESI Scheme Employ under the ESI Act, 1948, shall Honor the provisions of This Act and Register their Factory/ Establishment under the ESI Act in 15 days from the date of its applicability.
Enrol Eligible Employee
Enrolment of all eligible employees on its rolls (routine or contractual) -- wages upto Rs 21,000 at the time of linking the institution. And Have a print from this Temporary Identity Certificate (TIC). On linking Aadhar with IP insurance number, TIC will automatically be transformed into a Permanent Identity Card (PIC). With PIC that the IP along with his family can avail benefits under the ESI Scheme, with no hitch.
ESI Contribution
Employer contributes 4.75percent of salary ( Basic +DA+ Retaining allowance) and Workers Contribution 1.75% which is deducted from employee's salary deposit with ESI Account inside the due date.
File Monthly Return
Each month Employer file ESI return online with particulars of Employee, salary and ESI contribution level within the due date.
Remittance of Monthly ESI
The total amount of contribution (Employer and Worker ) is to be deposited in any branch of SBI by ONLINE generation of a challan via ESIC portal together with his or her credentials. ESIC has facilitated payment of ESI Contribution online by employer through the payment gateway of 58 banks along with SBI.
File Half Yearly Return
File half annual return and report to ESIC government if there is a change in business activity, address, ownership and the management, maintenance of registers and documents etc..
Maintenance of records
For ESI compliance the employer has to maintain following records:
1. Wage record and books of Account maintained under other laws.
2. Accident Register in new Form-11 and
3. An inspection book.
4. The immediate employer is also required to maintain the Employees’ Register for the employees deployed to the principal employer.
There is no time limit in PF ACT to keep the records. It is suggestible preserve records for atleast 7-10 years.