ESI stands for Employee's State Insurance a self-financing social security and health insurance scheme for Indian workers. ESI provides employees with less than Rs.15,000 monthly wages health and sickness benefits through a statutory scheme.The ESI fund is according to rules and regulations stipulated therein the ESI Act 1948, which oversees the provision of medical and cash benefits to the employees and their family through its large network of branch offices, dispensaries and hospitals throughout India.
EMPLOYEE'S STATE INSURANCE REGISTRATION
Employee's State Insurance(ESI) is a self-financing social security and health insurance scheme for Indian workers.it offers an economic & medical assurance to workers and its dependents. Besides providing medical benefits to workers and its dependents it also insure worker from temporary or permanent disablement and sickness
Hassle Free ESI Registration
for Business-man & Consultants
ESI Registration is mandatory for employers having 10 or more employee. For all employees earning Rs.15,000 or less per month as wages,(From 2013 this ceiling is increased to Rs 25000/-).This compulsory insurance also helps employers to cover up their contingent liability of treatment and medical expenses, which may be incurred if any accident is happened at the business premises or factory.
DOCUMENTS REQUIRED FOR ESI REGISTRATION
- 1st Sales Bill / Service Bill.
- Lease Deed / Rental Agreement.
- Partnership Deed / MOA and AOA.
- Copy of Telephone Bills / EB Bills.
- Copy of TNVAT / CST Certificate.
- Any proof of Trial Product / Work order.
- Resisted in Contracts Act - Copy of Registration Certificate.
- Copy of PAN Card.
- Statement showing Employee Strength from, Date of Starting the Business with Date of Joining.
- List of Partners / Directors of the Company.
- Copy of P&L and Balance Sheet last 3 Years.
- Details of Bank Account details.
- Nomination form in Form 2.
The Employee’s State Insurance Act, 1948
Coverage: Employees drawing wages up to Rs. 15,000 per month engaged either directly or through contractor.
- Rate of Contribution of the wages
- 21st of every month
- 25th of every month
- 11 November and 11 May
- Employer’s contribution 4.75 %
Employee’s contribution 1.75 %
- ESIC payment for the preceding month.
- Generation of ESI Docket for the preceding month
- Half yearly ESI Return
Note: Any Employee whose wages (excluding remuneration for overtime work) exceed Rs. 15,000 at any time after (and not before) the beginning of the contribution period i.e., (April 1 to September 30 and October 1 to March 31), shall continue to be an employee until the end of that contribution period. But in the next contribution period, their name should be excluded from ESI employee list (being salary exceeding Rs. 15,000)
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Frequently Ask Questions (FAQs) on The Employee’s State Insurance Act, 1948
ESI REGISTRATION SERVICES - DELHI
Employee's State Insurancecontributions must be made for all employees having a salary of less than Rs.15,000 per month. The employer must contribute 4.75% and employee must contribute 1.75% for ESI.
Employees having 10 or employees have to register for ESI irrespective of the salary of the employees. In case all the Employees employed in the organization have a monthly wages of over Rs.15,000, then the organization would have to file a NIL return.
To register for ESI, the Employer must apply to the concerned Regional Office and obtain an identification number called the Code number. The code number is a 17 digit unique identification number.
Employee's State Insurance Registration Highlights
At the time of registration, the Employee is required to fill in Form - I and submit a family photo in duplicate to the employer, which is in turn submitted by the Employer to the ESI Office. The employee is then allotted an insurance number and issued a temporary identity card for availing medical benefits for him/herself and his/her family. Thereafter, a permanent identity card is issued, which can be used by the employee even after transferring jobs.
ESIC: - If you employ worker with a salary below Rs 25000/-
ESI returns are due half-yearly. Use Reminder to know the next ESI return due date and ESI payment due date for your business.
All those entities that employ more than 10 persons are required to obtain ESI registration. Entities having ESI registration must exile ESI returns.
ESI payments can be made online through net banking facilities.
In such a condition no new registration needs to be taken, you can simply add the branch or other locations and cover employees of that branch. However if business entity is different like subsidiary etc, then separate registration need to be taken.
Non-compliance with ESI regulation is a serious offence. If an employer fails to pay any contribution payable under the Act within the prescribed time-limit, he/she may be punishable imprisonment for a term which may extent to three and fine of Ten thousand rupees.