ESI Registration

To register with ESIC Registration Online, the applicant has to present a registration certificate, business PAN Card & address proof, bank statements, and employee details, a MOM, and AoA of the company along with their compensation. We at Kanakkupillai help and guide you to register ESIC online  India. Basically, ESIC stands for Employee State Insurance Corporation and is an autonomous body that regulates and governs Employee State Insurance in India under the Ministry of Labor and Employment.

Advantages of ESI Registration

Medical benefits are provided to the workers at the speed of 70% of the employee’s salary and if the illness or sickness exceeds quite 91 days in one year, an equivalent is additionally certified to the worker.

  • Along with the insured his relations also are given medical benefits.
  • To women, maternity benefits are provided in the form of paid maternity leaves
  • In case the insured employee death happened while in employment, 90% of the salary of that employee is provided to his family, and importantly the funeral expenses of the insured person are provided if the death of the worker covered as per ESIC
  • After retirement or in adulthood, the ESIC provides Medical benefits to them which is extremely useful.
  • If the insured person has any permanent disablement, 90% of his salary is given in the form of an insurance benefit as a monthly payment
  • An insured person who holds ESI insurance for about three years is offered unemployment benefits or allowances such as providing 50% of the salary for one year

Eligibility for ESI Registration in India

  • The general rule to be eligible for ESI (Employees' State Insurance) registration is to possess 10 or more workers. But in some regions, ESI is applicable as long as there are quite 20 employees.
  • Other eligibility criteria that require to be fulfilled are:
  • Any employee whose gross salary is up to Rs. 21,000 per month can avail of this with the help of the employer.
  • Establishment registered with EPFO.
  • The contribution to ESI is 6.5% of the gross salary. It is divided as:
  • 75% by the employer
  • 75% by the employee
  • For industrial units, where there are chances of occurrence of injury or health issues at the business premise, all employees with a salary less than Rs.21,000 compulsorily need to have ESI.

Documents Required for ESI Registration in India

  • The list below is that the documents required for the web ESIC Registration Online process
  • Any License or registration certificate granted under Shops & Establishment Act
  • MOA & AOA if the applicant is a Company
  • If the applicant is a Partnership Firm, a Partnership deed is required
  • In case the applicant may be an indebtedness Partnership, LLP Agreement is required
  • Certificate of incorporation of production of manufactories and Registration certificate for other companies
  • PAN of the company
  • PAN and Aadhar card of employees
  • Nominee details of the insured person
  • Bank statement of the company

Registration Procedure of ESI Registration in India

  • Apply online through the new registration option available on the official website of ESIC esic.in
  • The applicant can sign up by creating a user-id and password, which can be used further for return filing or other similar activities.
  • A confirmation mail is shipped via registered post id and mobile number entered at the time of check-in.
  • Login using the same user-id and password for completion of the application form online.
  • Complete all the details of the application and the one marked with Asterisk (*) is compulsorily provided.
  • After the appliance is completed, finally submit it by paying online the prescribed advance contribution of six succeeding months.
  • The registration certificate is allotted with a 17 digit registration number by the ESIC department once the application is completed.

Post-Registration Compliances

  • Once the entity is roofed under ESIC, it must suit mandatory guidelines as issued by the Act:
  • Maintenance of attendance register
  • A complete register of wages for workers
  • Inspection book
  • Monthly return & challan within 15th of succeeding month
  • The register maintained to record any accidents that happened on the premises.

ESI Monthly Contribution

The scheme of ESI is contributory in nature. Both employee’s and employer’s contribution is required at a selected rate. Though, rates are amended from time to time. Following is that the monthly contribution rate that's contributed mandatorily by both employer and employee:

  • Employee: Employee has to contribute 0.75% of his basic wages to the ESI Fund
  • Employer: Employer has to contribute 3.25% of the basic wage paid to employees.
  • Employees who earn up to Rs137 of daily average wage are not entitled to be a part of the contribution. However, it is the responsibility of the employer to contribute their own shares in respect of these employees.