A] ESI Return Filing and Due Date
Employee’s State Insurance(ESI) is a self-financing social security and health insurance scheme for Indian workers. ESI Registration is mandatory for employers having 10 or more employee.
For all employees earning Rs.15,000 or less per month as wages, the employer must contribute 4.75% and employee must contribute 1.75% towards ESI.
The ESI fund is managed by the ESI Corporation (ESI) according to rules 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 Labour and Employment, Government of India. IndiaFilings can help you obtain ESI registration for your business.
All employers having 10 ore more employees are required to be registered with Employee State Insurance (ESI) Corporation.
Those entities having ESI Registration must then file ESI returns. ESI returns are due half-yearly.
We can help file ESI returns for your business.
Our ESI experts can also help you computer ESI payments and maintain ESI regulation compliance for your businesss.
Use ReminDue to know more about your due dates for ESI return and ESI payment due date.
Employee’s State Insurance Corporation(ESI) is a self-financing social security and health insurance scheme for Indian workers. The scheme provides Employees with a comprehensive Social Security Scheme for protecting the employees during sickness, injury or disability.
B] ESI Benefits
Employee’s State Insurance Corporation(ESI) is a self-ESI provides employees registered the scheme with a host of medical and sickness benefits. Employees registered under the scheme can avail medical facilities and are also entitled for sick pay benefits.
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.
C] ESI Contribution
ESI contributions must be made by the employer for all employees having a salary of less than Rs.15,000 per month. The employer must contribute 4.75% and employee must contribute 1.75% of the wages for ESI.
D] Continued Compliance
Organizations under ESI coverage must file annual return showing the changes if any during the preceding year. Return of contributions enclosing copy of all ESI contributions paid must be submitted once every six months.
E] ESI Payment Deadline
ESI Contributions must be paid by the employer in to a bank authorized by the Corporation within 21 days of the last day of the calendar month in which the contribution is due.