KNOW ALL ABOUT ESI REGISTRATION, STARTING FROM 5,999/- INR

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Employee State Insurance Corporation or ESIC is a self-financing social security and health insurance scheme which provides medical benefit, sickness benefit, maternity benefit and various other benefits such as funeral expenses, free supply of physical aids etc. to the employees and their family. Any factory or business establishment having 10 or more than 10 employees, irrespective of salary, have to register with ESIC. ESI contributions must be made for all employees having a salary of less than Rs.21,000 per month. Employees with less than Rs. 21,000 monthly wages get health and sickness benefits through this statutory scheme. The state government also contribute 1/8th share cost of medical benefit. ESIC registration is a statutory responsibility of the employers of factory. It is mandatory according to the rules and regulation of the ESI Act 1948. At ebizfiling our professional team will make it easy to get registered under ESIC.

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Particulars IEC Registration MSME Registration PF Registration ESIC Registration GST Registration
Governing Authority Ministry of Commerce and Industry Ministry of Micro, Small & Medium Enterprises The Ministry of Labour and Employment The Ministry of Labour and Employment Central Board of Excise & Customs
Under the purview of Central Government Central Government Central Government Central Government Central Government
Taxability on Not applicable Not applicable Salary and wages Salary and wages Goods manufactured, traded and services provided or received
Registration Mandatory for import or export of goods Voluntary Mandatory if employee strength exceeds 20 Mandatory if employee strength exceeds 10 All businesses, whose turnover exceeds prescribed threshold
Filing of Returns Not Required Not Required Monthly Monthly Monthly, Quaterly, Half Yearly and Yearly
Applicable To All importers and exporter All micro, small and medium enterprises Organisations employing more than 20 employees Organisations employing more than 10 employees All businesses, whose turnover exceeds prescribed threshold
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Few points to make your decision easy

Medical Benefit

  • Insurance to employees and their family members
  • Also provided to retired and permanently disabled

Social security

  • Retirement, resignation and on loss of income
  • In the event of death, disability or retrenchment

Quick registration

  • Online filing of application on portal
  • Easy and faster processing of application

Universal account number

  •  Access online through portal from anywhere
  • Check balance, request withdrawal, other services

Contribution

  • Employee - 1.75% of employee's wages
  • Employer - 4.75% of employee's wages

Other Benefit

  • In the event of sickness, maternity, funeral
  • Disablement, dependants are also benefited

A small procedure for your quick understanding

Get answers to all your questions here

What is the procedure for registration of an employer?

An employer shall apply for FORM 01 within 15 days after the act becomes applicable to a unit or establishment.

Is it mandatory for the employer to register under ESI?

Yes, it is mandatory requirement for every employer who comes under this act to register their Factory/ Establishment.

What are the compliance requirements?

Every employer covered under this act has to comply with various compliances such as deposit of monthly contribution, in order to file half yearly return and report to ESIC authorities if there is any change in business activity, address, ownership and the management, maintenance of registers and records etc.

Whether the benefits grant to insured employees are transferable?

No, right to receive any benefits under this act is not transferable.

What is ESI Scheme?

It is a comprehensive Social Security Scheme designed to accomplish the task of socially protecting the 'employees' in the organized sector against the events of sickness, maternity, disablement and death due to employment injury and to provide medical care to the insured employees and their families.

What is a Code number?

It is a 17 digit unique identification number allotted to each of the factory/establishment registered under the provisions of the Act. Such a number is generated through ESIC portal on submission of the pertinent information by the employer or generated on receipt of Survey report from the Social Security Officer

Is there any provision for 'exemption of a factory or establishment' from ESI coverage?

Of course exemption is permissible from operation of provisions of the Act subject to the condition that the employees in a factory or establishment covered are other-wise in receipt of benefits substantially similar or superior to those provided under the ESI Act. The appropriate Government may grant exemption to such factory or establishment for a period of one year at a time prospectively in consultation with ESI Corporation. Application for renewal is to be made three months before the date of expiry of the period exemption.

What is the time limit for payment of contribution?

Contribution shall be paid in respect of an employee in to a bank duly authorized by the Corporation within 21 days of the last day of the calendar month in which the contribution falls due for any wage period (Reg. 29 & 31).

What are consequences of non late payment of employees' contribution deducted but not paid?

Any sum deducted by the Principal employer from wages under the ESI Act shall be deemed to have been entrusted to him by the employee for the purpose of paying the contribution in respect of which it was deducted (Sec. 40(4). Non-payment or delayed payment of the Employee's contribution deducted from the wages of the employee amounts to ' Breach of trust' and is punishable under IPC 406.

Still have confusion?

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