Employee's State Insurance Registration

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 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.

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 15000/-

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.