Employee State Insurance (ESI) is a self-financing social security and health insurance scheme for Indian workers. For all employees earning less than Rs. 21,000 per month as salary, the employer contributes 4.75 per cent and the employee contributes to 1.75 per cent, a total of 6.5 per cent. This fund has been set up in the ESI Act, 1948, as per the rules and regulations administered by ESI Corporation (ESI), which oversees the provision of medical and cash benefits through staff and their family through large network of branch offices, dispensaries and hospitals. is. India. ESI is an autonomous corporation under the Ministry of Labor and Employment of the Government of India. But most of the dispensaries and hospitals are run by the respective State Governments.
Employees registered under ESI enjoy many benefits under the scheme. Medical care, medical attendance and treatment for insured persons, including medical, surgical and maternity treatment, supply of all medicines, ambulance services, super-specialty counseling, etc. for employee insured persons and their families. Enjoy the sick pay benefits too. Registration with ESI provides tremendous benefits to the employee and improves worker morale and retention. eMindsCA.com can help your company acquire and manage ESI registrations.
Reasons to Register ESI
ESI
Employees State Insurance Corporation (ESI) is a self-financing social security and health insurance scheme for Indian workers. This plan provides employees with a comprehensive social security plan for the safety of employees during sickness, injury or disability.
ESI Contribution
ESI should be contributed by the employer to the employees whose salary is Rs. Less than 2,1,000 Employers should contribute 4.75% and employee 1.75% wages for ESI.
ESI Profit
Employees State Insurance Corporation (ESI) is a Self-ESI, which provides employees with a scheme registered with the benefit of medical and disease. Employees registered under the scheme can avail of medical facilities and are entitled to sick salary benefits.
Constant Compliance
Under ESI coverage, if there is any change in the previous year, the organizations will have to file an annual return. Return of contribution that has been attached to the copy of all ESI contributions paid should be presented once every six months.
ESI Registration
ESI registration for employers with more than 10 employees. The employee should contribute 4.75% of the employees’ salary towards ESI. Once, the registered identification code of 17 digits is allocated to the registered organization.
BASIC
all inclusive fees
Rs.7500
- ESI or PF registration for businesses having less than 20 employees.
STANDARD
Inclusive all fees
Rs.14500
- ESI and PF registration for businesses having less than 20 employees.
PREMIUM
Inclusive all fees
Rs.24500
- ESI and PF registration for businesses having less than 50 employees.
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How do we help in ESI Registration
eMindsCA.com can help to get your business’s obtain ESI Registration subject to the government processing time in 12 to 20 days.
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Preparation of Application
An eMindsCA.com ESI specialist will prepare your ESI application with the necessary supporting documents, which have to be submitted for ESI Registration.
Application Processing
Once the application is prepared and submitted, the concerned ESI office will process the application and request more information or documents.
ESI Registration
While processing the application, an eMindsCA.com ESI specialist will help you obtain any questions or requests for the document (if necessary) and ESP registration.
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