ESI stands for Employee State Insurance and it provides self-financing security social security and health insurance scheme for Indian workers. ESI is an autonomous body under the Ministry of Labour and Employment, Government of India. ESI registration is mandatory for entities and establishment covered under the ESI Act and having 10 or more persons employed in such an establishment whose salary does not exceed Rs 21,000 per month. ESIC registration is the statutory responsibility of the employer and can be obtained through Provenience.
ESI returns are filed on a half-yearly basis on the 11th of November and May. ESI contribution is deposited on a monthly basis on the 15th of every month. The purpose of ESI is to provide medical benefits to employee and their family and to provide monthly income to dependent in case of employee death on duty. Once registered under ESI, the registration cannot be canceled even if the number of employees reduces from 10. Once registered will remain active till the lifetime of the entity.
Every entity is required to complete ESI registration within 15 days from the date of applicability of the same. ESI online registration should be done as soon as the number of employees exceed ten and the salary drawn is less than Rs. 21,000.
Workforce prefer to work in an entity which is registered under ESI since it provides benefits to employee and coverage in many unfavourable situations like death on duty.
ESI registration increases the entity’s credibility and boost morale of employees.ESI offers host of services like medical benefits, sickness benefits, maternity benefits, dependent benefits, and death & disablement benefits. Employee share wef from 1st July 2019 is 0.75% of gross salary and employer contribution is 3.25 % of gross salary.
Basic purpose of registration is to provide basic health expenses coverage to employee who draw less salary. However, under the Rajiv Gandhi Shramik Kalyan Yojana, unemployment allowance is payable to an insured person who become unemployed after being insured three or more years, due to closure of factory/establishment, retrenchment, or permanent invalidity.
Arrange and provide basic documents as per the list provided by us.
Make the payment of registration fees
An application is to be filed online
Get the ESI Registration certificate
Bhanu has been working for Unifii for the last 1.5 years and as our accountant and Legal advisor. His knowledge and attention to detail have aided in keeping our company on track during recent times and through a major restructure. I feel confident in recommending Bhanu's and his team's professional services. He is not only thorough but also easy to work with and always willing to take the time to discuss my concerns and respond to questions.
He is proactive, result oriented, and a responsible person. He is always ready to put all his energy and time to get the work done in the best possible manner. Bhanu is a well connected professional that always takes the time to support anyone is his network. I wish him all the best.
Extremely professional, time oriented and supportive are three words that goes perfectly well for Bhanu. He is my go to person for all accounting queries and requirements. I strongly recommend his professional services to all. Besides he is a great human being to know.
I've worked closely with Bhanu. He is a very thorough and confident person. He knows his work well and tries to improvise in everything. Wish you luck Bhanu!
Bhanu is a person to count upon, with his expertise in his domain and knowledge he brings on you can reach him with a problem any time. His appetite to listen and understand the issue makes him the man for the job. He is proactive, energetic and a resourceful guy. My best wishes to Bhanu and Provenience for future endeavour.
Provenience is perfect to partner with in your startup or corporate journey. Seamless service and support provided by team is really helpful specially when you are trying to setup your venture. I would like recommend Provenience to every startup.
Bhanu is one of the most sincere and trustworthy person I have come across. He is extremely ethical and is completely customer focused. His hard work and dedication is commendable and with him handling the legal as well as taxation things are always in order and compliant. Keep up the good work Bhanu. Wishing you more and more success as you grow.
ESI stands for Employee State Insurance. This scheme is regulated by the ESIC Act of 1948. ESI Registration is maintained by Labour welfare Organization name ESIC. The basic aim of ESI registration is to provide benefits to the employee in case of Sickness, Maternity, Disablement and death.
All Factories and establishment as defined under the act having 10 or more employee drawing salary less than Rs 21,000 are required to obtain the registration under ESI.
ESI registration online is possible via the link https://registration.shramsuvidha.gov.in/user/login. Download the ESI registration manual for establishment registration and follow the steps given in the manual.
ESI Act requires establishments to register within 15 days if employee strength reaches 10. Failure to comply with the provision can invite penalty, and it also amounts to criminal offences which is punishable under section 85 of the act.
ESI is deducted on the Gross salary of the employee. Employee contribution is 0.75% of gross salary while employer contribution is 3.25 %.
ESI payment needs to be deposited by 15th of every month. ESI return is filed on a half-yearly basis, and the due dates are 11 May and 11 November.
Registration under ESI cannot be cancelled until and unless the entity winds up the business and closes down. ESI Commissioner can consider special cases where employer undertake that there is no employee left, and in future, no employee will be hired. After the presentation of all relevant documents to the satisfaction of the commissioner, cancellation may be granted.
Once registered under ESI, all the compliances need to be done in spite of the fact that the number of employees reduces from 10.
All the employees that are covered under the ESI registration scheme are entitled to a family pension.
Yes, it is mandatory for every employer who comes under the purview of the act to register under ESI.
No, you are not required to physically go to any office to complete the ESI registration. ESIC online registration process is well-laid out and easy to complete. Besides, we can take care of the entire process seamlessly.
A code number is a 17-digit unique number which is allotted to each establishment or factory that are registered under the act.
The sub-code number is also a unique identification number that is allotted to a sub-unit, branch office, etc. of a covered establishment or factory based in a different state or same state.
No, overtime is an occasional pay that may depend on the in-flow of work. If overtime is included, the employee may go out of the coverage for some time. To ensure continuous coverage, overtime is excluded from the wage ceiling.