ESI Registration
ESI stands for Employee State Insurance, which is managed by the Employee State Insurance Corporation (ESIC). This is an autonomous body governed by law under the Ministry of Labour and Employment. This is completely online process for registration of Indian workers to provide with a huge variety of medical, monetary and other benefits from the employer.
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ESI Registration required mandatory
Benefits of ESI Registration
- Sickness benefits in form of salary at the rate of 70%, in case of any certified sickness lasting for a maximum of 91 days in any year.
- An array of medical benefits and facilities to the employee and his/her family.
- Maternity benefit to pregnant woman employees in form of paid leaves for three months.
- In case of death of an employee caused by any occupational hazard, ESIC pays 90% of his/her salary to his/her dependents every month.
- Disability to work will be paid at the rate of 90% of the monthly salary of the concerned employee.
- Other benefits offered to employees by ESIC include funeral expenses compensation, physical rehabilitation, vocational rehabilitation, old age medical care, etc.
Pricing
(Simple & Clear Pricing. No Hidden Charges)
| Government Fee | Rs 0 |
| Professional Fees | Rs 1,459 |
| Goods & Service Tax | Rs 00 |
| Total Cost | Rs 1459 |
ESI Registration Overview
(All you need to know)
Employee State Insurance or ESI is a scheme commenced by the Government of India to offer medical, monetary, and other advantages to workers. ESI is managed by an autonomous authority – Employee State Insurance Corporation – which lies under the jurisdiction of the Ministry of Labour and Employment.
By law, any company that has more than 10 employees mandatorily needs to have ESI. In some states, the number of employees is 20. For employees earning more than ₹21,000 per month, including basic salaries and dearness allowance, the insurance is deducted from their pay.
Also, taxpayers with a turnover of less than ₹1.5 crore can opt for the composition scheme to get rid of tedious GST formalities and pay GST at a fixed rate of turnover.
1. Occupier, Owner, and Owner.
2. Managing Agent of the Occupier or Owner.
3. If the establishments belong to the Government of India.
Documents Required for online ESIC Registration
Following Documents are required :-
- Address proof
- Copy of PAN card
- Registration No. of CST/ST/GST
- Copy of bank statement
- Certificate of commencement of production
- Photocopy of the last building tax/property tax receipt
- Rent receipt of the occupied premises, mentioning its capacity
- Registration certificate or license issued by - Shops and Establishments Acts/Factories Act
- Memorandum and Articles of Association or Partnership Deed or Trust Deed - depending on the applying entity
When is ESI Required?
ESI Registration is required when a company/firm/organization employs 10 (in few Indian States and UTs, this number is 20) or more persons, with individual wage/salary falling under the threshold limit of INR 15,000 per month. After registration, ESIC gives recognition to the employing entity and its employees through allotting a 17-digit unique identification code.
To make available the benefits provided under this ESI scheme, the registered employing entity needs to contribute 4.75% of the total monthly salaries/wages payable to its employees; while the eligible individual employees require to contribute only 1.75% of their individual monthly salary to the ESIC funds, every month of the year. Those employees who earn up to INR 100/- per day, are exempted from paying their share of contribution to the ESI scheme.
Steps for ESIC:- Registration
Establishments or Factories must get themselves registered within 15 days of the Act becoming applicable to them by submitting an Employer’s Registration Form (Form-01) to the relevant Regional Office.
A 17-digit identification number called the Code number will be provided which must be used in all Correspondence relating to the Scheme. Form 3 (Return on Declaration) must also be submitted along with Form 1.
At the time of joining the insurable employment, employees are required to fill in aDeclaration Form (Form1) and submit two copies of a family photo to the employer, which must be submitted to the relevant ESI Branch Office by his employer.
The employee will then be allotted an insurance number for the purpose of his identification under the scheme. The employees will also be issued a temporary identity card for availing medical benefit for him/herself and his/her family for a duration of three months.
Thereafter, he will be provided with a permanent photo identity card. A person once registered need not register again when there is a change of employment. The same registration can be transferred from one employment to another.
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Frequently Asked Questions
Who mandatorily required ESI registration?
Every shop, establishment, and factory having 10 or more employees requires to get register under Employees’ State Insurance.
How does ESI registration conribute in pension? T
The employees covered under the ESI scheme are entitled to a family pension.
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.
After ESI registration is completed, how many returns need to be filed per year?
Once a factory or establishment is recognized within the ESIC Act, it has to file ESI returns two times per year. For each return filed, the underlying documents have to be submitted:
A register of wages
A register of the attendance of employees
A register of Form 6
Challans and returns of every month
A register of any accidents that may have occurred on the premises of the business.
How can I claim ESI?
For claiming ESI, the employee needs to acquire ESIC Form-9 from the employer.
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