Online ESIC Registration
Registration starts @ Rs. 5499 (all inclusive)
ESI is a must for entities employing 20 or more persons. ESI contribution is required for employees earning less than Rs.21,000/- per month. IndiaCompliances can help obtain ESI registration
All you need to know
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 the medical benefit.
ESIC registration is a statutory responsibility of the employers of the factory. It is mandatory according to the rules and regulation of the ESI Act 1948.
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Important Points in relation to ESIC Registration
ESI contributions are required when any employees having a salary of less than Rs.21,000 per month. The employer must contribute 4.75% and an employee must contribute 1.75% of the wages for ESI.
ESIC provides Insurance to employees and their family members. It is also provided to retired and permanently disabled persons. Its social security in case of retirement, resignation and on a loss of income. It also covers cases of death, disability or retrenchment.
Organizations registered under ESI coverage must file the annual return showing the changes. Return of contributions must be submitted every six months.
Online filing of an application
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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 a 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 the 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.