ESI(Employee’s State Insurance)Registration
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Online ESI(Employee’s State Insurance)Registration in India
Employees’ State Insurance Corporation is one of the two main statutory social security bodies under the ownership of the Ministry of Labour and Employment, Government of India. Any establishment having more than 10 employees (20 employees in some states) drawing a salary of Rs. 21,000 pm is eligible for ESIC registration. ESI is an Insurance scheme for employees and their families against the event of medical emergencies such as disease, sickness, maternity, death, or disablement due to employment. ESIC registration and its provisions are stated in the ESIC Act 1948. This Act applies to all the states of India except Nagaland, Manipur, Tripura, Sikkim, Arunachal Pradesh, and Mizoram.
ESI REGISTRATION APPLICABILITY
ESI registration applies to factories employing 10 or more persons irrespective of whether power is used in the process of manufacturing or not. Under section 1 (5) of the act, the ESI Scheme applies to factories and other establishments viz. such as Cinemas, Newspapers, Restaurants, Road Transport, Hotels, Shops, and Educational/Medical Institutions wherein 10 or more persons are employed at any time. Further, u/s 1(5) of the Act, the ESI scheme has been extended to Private Medical and Educational Institutions employing 20 or more persons in certain states. .
Why RuPayKart?
RuPayKart (Government Approved Startup), your trusted legal advisor, provides a cost-effective, reliable, and authentic ESI REGISTRATION service provider in India. We have a team of Experts in CA, CS & Lawyers having vast knowledge of their respective fields. We register your ESI as per the rules and regulations defined by The Employees’ Provident Fund Schemes, 1952, and The Employees’ Pension Scheme, 1995. Post-registration of your ESI you will be getting a Certificate of registration, Challan copy instantly.
BENEFITS OF ESI REGISTRATION
- Financial Security
- Insurance Scheme
- Risk Coverage
- Deduction in Income Tax
- Un-employment Allowance
- Dependency Benefit
- Disablement Benefit
- Maternity Benefit
- Sickness Benefit
- Medical Benefit
ESI CONTRIBUTION RATE
- EMPLOYER: 4.75%
- EMPLOYEE: Contribution of wages - 1.75%
- Total 6.50%
- WAGES- It includes basic pay, DA, HRA, City compensatory allowance, overtime wages payment for days of rest, production incentives, and bonuses.
RECORDS TO BE KEPT READY FOR ESI INSPECTION
- Attendance Register /Mister Roll
- Salary/ Wage Register/Payroll
- EC (Employee's & Employer's Contribution) Statement
- Employees' Register U/R32 (Form 7)
- Accident Register U/R 66
- Return of Contribution (RC-Form 3)
- Receipted copies of challans
- Books of Accounts viz Cash/Bank, Expense Register, Sales/Purchase Register, Petty Cash Book, Ledger, Supporting Bills and Vouchers, Delivery challans (if any)
DOCUMENTS REQUIRED FOR ESI REGISTRATION
- Aadhaar/ voter ID/ Passport/ Driving License
- PAN Card
- Passport size photo
- Documents with specimen signature
- Certificate of Incorporation
- MOA
- AOA
- Rent Agreement
- List of Employees
- Attendance Register
- DSC
- Cancel Cheque
- List of Directors/ Partners/ Shareholders
- Board Resolution
- Other Departments RC
- First Invoice Copy
WHAT YOU WILL GET
- Certificate of Registration
- Challan Copy
- Master file of all documents
- Expert Consultancy
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