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.
Service Overview
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. It is the digital process and no documents are required to be uploaded for registration. Any factory and company having more than 10/ 20 employees, having maximum salary of Rs. 21,000/- has to mandatorily register itself with the ESIC. Under ESI scheme, the employee contribution is 1.75% and employer contribution is 4.75% respectively.
Cost of Digital Signature, Government Fees and Stamp Duty, if any, is payable by the client in addition to the Professional Fee being charged by indian MSME Helpline.
Brief Process
- Step 1: Register to ESIC Portal, the employers need to fill in the details and submit the form.
- Step 2: After login to ESIC portal, submit details in Employer Registration Form-1 and make payment for Registration of the advance contribution (for 6 months)
- Step 3: On the successful payment of advance contribution, the Registration Letter (C-11) will be generated.
FAQ
As per ESIC Act, all factories with 10 or more (20 or more in some states) employees with monthly wages not exceeding INR 21000 per month (INR 25000 per month in case of employee with disability) are required to get themselves registered under ESIC Act.
ESI is a premium paid for medical benefits. If no benefit is obtained from it, there is no option available to withdraw the amount from the ESI Account.
Employer’s Contribution: 4.75% of the wages payable to employees. (Reduced upto 3.25% with effect from 01.07.2019).
Employee’s Contribution: 1.75% of the wages payable to employees. (Reduced upto 0.75% with effect from 01.07.2019).
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Maternity Benefits
Maternity benefit to the women who are pregnant (paid leaves).
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Dependant 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.
Funeral Benefits
An amount of Rs.10,000/- is payable to the dependents or to the person who performs last rites from day one of entering insurable employment.
Sickness Benefit
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.
Medical Benefits
Medical benefits to an employee and his family members.
Documents Required
- Memorandum of Association and Articles of Association of the Company
- The compensation details of all the employees
- PAN Card of the Business Entity as well as all the Employees working under the entity
- List of all the employees working in the Establishment
- List of the Shareholders of the Company
- List of Directors of the Company
- A cancelled cheque of the Bank Account of the Company
- A registration certificate obtained either under the: Factories Act, or Shops and Establishment Act
- A register containing the attendance of the employees
- Certificate of Registration in case of Company, and Partnership deed in case of a Partnership
Related Courses
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