Employee's State Insurance or (ESI) is a self-financing social security and health insurance scheme for Indian workers. For all employees earning INR 21000 or less per month as wages, the employer contributes 4.75 percentage and employee contributes 1.75 percentage, total share 6.5 percentage. The ESI Corporation (ESI) according to rules manages this fund and regulations stipulated therein the ESI Act 1948, which oversees the provision of medical and cash benefits to the employees and their family through its large network of branch offices, dispensaries and hospitals throughout India. ESI is an autonomous corporation under Ministry of Labor and Employment, Government of India. However, concerned state governments run most of the dispensaries and hospitals.
Employees registered under the ESI enjoy a large range of benefits under the scheme. Employee enjoy medical attendance and treatment for the person insured and their families including full range of medical, surgical and obstetric treatment, supply of all drugs, ambulance services, super-specialty consultation, etc., However, In addition, to the medical care, insured persons also enjoy sick pay benefits. Registration with ESI provides the employee with tremendous benefits and improves worker morale and retention. BusinessCrow can help your Company to obtain and manage ESI Registration.
Reasons to Register an ESI Registration
Under ESI, the scheme provides various employees with a comprehensive Social Security Scheme for protecting the employees during sickness, injury or disability. Many candidates will enjoy this benefits as provided by ESI.
ESI contributions must be made by the employer for all employees having a salary of less than INR 21, 000 per month. The employer must contribute 4.75% and employee must contribute 1.75% of the wages for ESI.
Employee's State Insurance Corporation (ESI) is a self-ESI, which provides employees with a host of medical and sickness benefits. Employees registered under the scheme can avail medical facilities and are entitled for sick pay benefits.
Organizations under ESI coverage must file annual return showing the changes if any during the preceding year. Every six months the return of contributions enclosing copy of all ESI contributions paid must be submitted.
ESI Registration for Employers having more than 10 employees. The Employer must contribute 4.75% of the Employees’ wages towards ESI. Once, registered the organization is allotted a 17 digit unique identification code for ESI.
Identity and Address Proof
Identity and address proof will be required for all directors and shareholders of the company to be incorporated. In case of Indian nationals, PAN is mandatory. For foreign nationals, apostilled or notarised copy of passport must be submitted mandatorily. All documents submitted must be valid. Residence proof documents like bank statement or electricity bill must be less than 2 months old.
Registered Office Proof
All companies must have a registered office in India. To prove access to the registered office, a recent copy of the electricity bill or property tax receipt or water bill must be submitted. Along with the utility bill, rental agreement or sale deed and a letter from the landlord with his/her consent to use the office as a registered office of a company must be submitted
Simple & Transparent Pricing
Rs. 5999.00All Inclusive
Rs. 11999.00All Inclusive
Rs. 14999.00All Inclusive
How BusinessCrow help you with ESI registration
BusinessCrow can help your business to obtain ESI Registration within 12-20 days, subject to Government processing time.
A BusinessCrow ESI Expert will prepare your ESI Application along with the necessary documents that needs to be submitted for ESI Registration.
Once the application is prepared and submitted, the concerned ESI Office will process the application and may request for more information or documents for further investigation.
While processing the application the BusinessCrow ESI Expert will help to respond to any query or request document to obtain ESI Registration.
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