Employee State Insurance (ESI)
Online ESI Registration In India
The full form of ESI is Employee State Insurance. ESI is handled by an autonomous body called Employee State Insurance Corporation which comes under Ministry of Labor and Employment, Government of India. ESI scheme is initiated for the Indian workers. Under this scheme, the employer offers various medical, monetary and other benefits to the workers. Companies having more than ten employees (in some states, it is 20) and having maximum salary of Rs.15,000 has to mandatorily register itself with the Employee State Insurance Corporation.
Under this scheme, the employer needs to contribute 4.75% of the total monthly salary payable to the employee whereas employee needs to contribute only 1.75% of the total monthly salary. The employees whose salaries are less than 100 rupees per day are exempted to pay this contribution.
Advantages Of ESI Registration
The advantages of ESI registration are as follows:
Medical expenses for old age care
Funeral expenses
If an employee declared disabled or dead at work, then 90% of the employee salary is given to his or her
family or dependents every month.
Maternity benefit provided to the women employees in the form of paid leaves.
Medical benefits to the employee and to the family members
If the employee illness is certified and his or her illness lasts for maximum 90 days in a year, sickness benefit is provided to the employee at the rate of 70% in the form of salary.
What Is Included In Our Package?
Eligibility Consultation
Document Preparation
Application Drafting
Government Fees
Entities Covered By ESIC (Employees' State Insurance Corporation)
The following entities are covered under ESI as per government notification dated Sec 1(5) of the ESI act –
Shops
Cinemas
Restaurants or hotels only engaged in sales
Newspaper establishments (not covered under the factory act)
Establishments of road motor transport
Private educational institutions
Documents Required For ESI Registration In India
Certificate of registration in case of a company or partnership deed in case of a partnership firm.
Certification of registration obtained under factories act or shops and establishment act
Memorandum of association and articles of association of the company
PAN card of all the employees and the business entity.
Attendance registers of the employees
List of shareholders of the company
List of directors of the company
Cancelled cheque of company’s bank (https://www.finacbooks.com/bank) account
Compensation details of all the employees
List of all employees working in the company
After collecting the documents mentioned above, we have to fill the registration form (Form no.1) and the
same has to be filed on the portal along with the documents mentioned above
Documents Required For ESI Return Filing
After registration, we have to file ESI returns and it is required to be filed two times in a year. The following documents are needed at the time of filing returns –
Monthly returns and challan
Attendance register of the employees
Wages register
Form 6 - register
Accident register (Record of accidents happened at the workplace)