ESI Registration

Overview of ESI Registration

The Employees' State Insurance (ESI) Act, 1948, is a social security law aimed at providing medical, cash, and other benefits to employees in the event of sickness, maternity, or employment injury. It applies to establishments employing 10 or more employees (20 or more in certain states) with a monthly salary cap of ₹21,000.

Our Services Include:

• ESI Registration: We assist businesses in registering under the ESI Act, ensuring that all required documentation is accurately completed and submitted.

• Ongoing Compliance: Our team helps you maintain ongoing compliance by preparing and filing monthly ESI returns, ensuring timely contributions, and managing employee records.

• Audit and Advisory: We conduct regular audits to ensure your business is fully compliant with ESI regulations, offering guidance on best practices and potential improvements.

ESI (Employees' State Insurance) Due Dates and Forms

• ESI Payment Due Date:

  • Due Date: The payment of ESI contributions is due by the 15th of the following month.
  • Payment Website: Payments are made through the official ESI portal: ESIC Portal.

• ESI Return Filing Due Date:

  • Return Form Name: The returns are filed in Form 6.
  • Due Dates:
  • For the period of April to September: Return to be filed by 11th November.
  • For the period of October to March: Return to be filed by 11th May of the following year.
  • Filing Website: Returns are filed online through the ESIC portal: ESIC Portal.

Legal Framework

The ESI Act mandates that both employer and employee contribute to the ESI scheme, with the current contribution rates being 3.25% of gross wages by the employer and 0.75% by the employee. We ensure your compliance with the provisions of the Act, including the filing of Form 1 for registration and Form 6 for annual returns.

Key Benefits of ESI:

Medical Benefits:

• Comprehensive Medical Care: ESI provides insured employees and their families with access to comprehensive medical care, including outpatient services, hospitalization, and specialist consultations.
• Maternity Benefits: Female employees covered under ESI are entitled to maternity benefits, including paid leave for up to 26 weeks during pregnancy, confinement, and postnatal care.

• Sickness Benefits: ESI provides cash compensation to insured employees during periods of certified sickness, typically at the rate of 70% of the average daily wage.

• Disability Benefits: ESI ensures coverage and compensation for disabilities resulting from employment injuries.

Consequences of Not Taking ESI Registration

• Penalties and Fines: Under Section 85 of the Employees' State Insurance Act, 1948, failure to register can result in fines up to ₹5,000. Employers may also be liable to pay interest on unpaid contributions under Section 39(5).

• Legal Action: Section 85(a) provides for imprisonment up to two years or fines for non-compliance with ESI registration. The ESI Corporation has the authority under Section 45-C to 45-I to recover dues by attaching the employer's property.

• Loss of Employee Benefits : Without registration, employees miss out on benefits like medical care and maternity leave as provided under Sections 46 and 50 of the ESI Act.

• Retrospective Liability: Employers may be required to pay backdated contributions under Section 39, along with interest and penalties, leading to significant financial burdens.

Why Choose E Accountax Manager for ESI Registration & Compliance?

• Extensive Expertise: At E Accountax Manager, we bring years of experience in handling the complexities of ESI registration and compliance. Our team of professionals is well-versed in the provisions of the Employees' State Insurance Act, 1948, and ensures that your business meets all statutory requirements efficiently.

• Hassle-Free Registration: We streamline the ESI registration process for your business, taking care of all the paperwork, balance check, documentation, and submission requirements. As you search ESI consultant near me you got us and our seamless approach ensures that you get registered without any delays or complications.

• Comprehensive Compliance Management: Beyond registration, we offer end-to-end compliance management services. From preparing and filing monthly returns to maintaining accurate employee records and managing contributions, we ensure that your business stays fully compliant with ESI regulations

• Regular Audits and Updates: Compliance is an ongoing process, and staying updated with the latest changes in ESI regulations is crucial. We conduct regular audits of your ESI compliance status, providing timely updates and recommendations to address any gaps.

• Tailored Solutions Every business is unique, and so are its compliance needs. We provide customized solutions that fit your specific business requirements, ensuring that your ESI obligations are met in the most effective and efficient manner

• Proactive Risk Management: Non-compliance with ESI regulations can lead to penalties and legal challenges. We help you identify and mitigate potential compliance risks, ensuring that your business remains protected from any unforeseen issues

• Client-Centric Approach:At E Accountax Manager, we prioritize your needs. Our client-centric approach means that we are always available to provide support, answer your questions, and offer advice on best practices for ESI compliance