ESI Registration
ESI Registration, a mandatory social security scheme for employees in India. The Employees' State Insurance (ESI) Act, 1948, provides comprehensive social security benefits to employees and their families. Businesses employing 10 or more individuals with a monthly salary of up to ₹21,000 (₹25,000 for persons with disability) are required to register under ESI. Our expert team ensures a smooth, compliant, and hassle-free registration process, enabling your employees to avail crucial benefits such as medical care, sickness benefits, maternity benefits, disablement benefits, and dependent benefits.
- Sickness benefits in the event of any medically certified illness for a maximum of 91 days in a year.
- Paid leave to pregnant women insured under this scheme.
- Medical insurance coverage to employee’s family members.
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Overview of ESI Registrationin India
- Applicability: Factories and shops, hotels, restaurants, cinemas, and educational institutions with 10+ employees.
- Wage Limit: Employees earning
₹21,000 per month (≤is less than or equal to≤for persons with disabilities) are covered.₹25,000₹ 25 comma 00025,000
- Registration Timeline: Employers must register within 15 days of the Act becoming applicable to their establishment.
- Process: Fully online on the ESIC portal (Form-01) with no manual intervention.
- Contribution:
- Employer: 3.25% of the total wages.
- Employee: 0.75% of the gross salary.
- Due Date: Contributions must be paid by the 15th of the following month.
- Benefits: Comprehensive medical care, sickness benefits, maternity benefits, and disablement benefits for employees and their families.
- Registration Certificate/License (Factories/Shops & Establishment Act).
- Address proof (Rent Agreement, Utility Bill).
- Partnership Deed/Incorporation Certificate/MOA/AOA.
- List of Employees with salary details.
- PAN Card/Bank Details of the Business.
Who is eligible for ESI Registration?
Understanding the applicability of the Employees' State Insurance (ESI) Act is crucial for various establishments. As per Section 1(5) of the ESI Act, the following state government-affiliated entities fall under its scope, ensuring social security benefits for their employees:
- Retail outlets
- Dining establishments or hotels solely involved in sales
- Movie theatres, including preview facilities
- Establishments related to road transportation
- Newspaper organisations (even if exempt from the Factory Act)
- Private healthcare facilities
- Private educational institutions
- Casual workers employed by Municipal Corporations or Bodies
These entities are required to register with the Employees' State Insurance Corporation (ESIC) if they have a workforce of 10 or more individuals. Ensuring timely ESI registration is vital for compliance and employee welfare, and Korrectax is here to assist you through the process.