BBNC

ESI Registration


The Employee State Insurance Scheme of India is a social security scheme. Focused to provide social protection to employees and their families. In the events such as sickness, maternity, and death or disability due to an employment injury or occupational hazard.
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Overview

Employee State Insurance Act is applicable for organizations employing more than 10 permanent persons and wages of such employees are less than Rs. 21,000/- per month. It is mandatory for all the employers to get the Employee state insurance registration if they meet the above criteria. The registration needs to be taken within 15days once they reach the employee headcount of 10.

Under the ESIC Scheme the employer needs to contribute an amount of 3.25% of the total monthly salary payable to the employee whereas the employer needs to contribute only 0.75% of his monthly salary every month of the year. The only exemption to the employee in paying his contribution is whose salary is less than Rs. 176/- per day.

In case of failure to get ESIC registration online or not fulfilling ESI return filing procedure, the organization shall be liable for a fine of INR 10,000/-.



Benefits of ESI Registration

Benefits of getting the ESIC registrations are explained below.

Medical Benefits

Incase of sickness and major diseases benefits are provided to the employee. Sickness benefits at the rate of 70% (in the form of salary), in case of any certified illness and which lasts for a maximum of 91 days in any year.

Maternity Benefit

Maternity benefits to those women who are pregnant, such as paid leave and medical benefits.

Death Benefits

If the death of the employee happens while on work – 90% of the salary is given to his dependents in the form of a monthly payment after the death of the employee, along with the funeral expenses.

Disability Benefits

If any employee gets disabled while on work – 90% of the salary will be given to him in the form of a monthly payment after the disability of the employee.

Checklist/Requirements

  1. A registration certificate obtained either under the:
    1. Factories Act, or
    2. Shops and Establishment Act.
  2. Certificate of Incorporation/ Partnership deed
  3. MOA and AOA of the company
  4. List of employees working in the organization
  5. PAN Card of the entity
  6. PAN Card details of all employees
  7. Compensation details of the employees
  8. A cancelled cheque of the Bank Account of the Company
  9. Register containing the attendance of the employees
  10. List of directors and shareholders of the company

Process of ESI Registration

Step 1: Share the required documents & Information

Step 2: Creating the login details of company

Step 3: Filings the registration forms

Step 4: Payment and receiving the certificate

Key Deliverables

  1. Employee State Insurance Certificate
  2. Login Details
  3. Challans

ESI Registration

Why Choose Us

  Entrepreneur Friendly

We make the process so easy and fast that you will not even feel the headache of all the paperwork, and our professionals will provide you all the promised deliverable within a given span of time.

  Experienced Professionals

All our professionals are qualified and specialized in that particular work. Making sure no mistakes are done at the time of filings with the authorities so that company won’t have to pay any penalties due to mistakes.

  One Stop for All Your Requirements

We support you throughout the journey of your business, from the incorporation, Accounting and taxation support, Secretarial compliance support, and Legal support.

  Cost-Effective

We believe that cost plays a vital role in any company’s growth stage, that’s why we do not surprise our clients with hidden charges, you pay what you see in the initial proposal.


Frequently Asked Questions


How many returns are filed every year after getting the ESI registration?
After the registration ESI Returns have to be filed twice a year. The following documents are required for the filing of the returns:
  1. Register of Attendance of the Employees
  2. Form 6 – Register
  3. Register of wages
  4. Register of any accidents which have happened on the premises of the business
  5. Monthly returns and challans
No, ESI filings is required only if the company has ESI registration.
However, it is mandatory to get the ESI registration for a company only if the employee strength of the company crosses 10 employees.
If a company voluntarily wants to get the ESI registration then it must have minimum 6 employees.
There are two types of claim.
  • Accident/death/sickness/maternity cash benefit.
  • Medical bill reimbursement. For medical claims, contact your dispensary and for cash benefit as described above at 1., contact your ESIC branch office.
    • In case you are an Employer the Branch Office along with address will be shown during registration process based on your address. Also, you can see the ESI B.O Address in your ESI Registration Certificate