Explore all the details you need about Expert Assistance for ESI Registration, tailored for your needs.
Employee State Insurance (ESI) registration is a mandatory compliance requirement for businesses in India, governed by the Employee State Insurance Corporation (ESIC). This scheme provides social security and health insurance benefits to Indian workers earning a specified monthly wage, typically extending to their dependents. Depending on the business type and location, it applies to companies with 10 or more employees.
ESI registration ensures that employees are covered for medical expenses, sickness benefits, maternity benefits, and other social security provisions.
Solocorp offers expert assistance to simplify the ESI registration process, making it easier for businesses to navigate the complex regulatory landscape.
With Solocorp, businesses can focus on their core activities while we manage the ESI compliance process, ensuring timely and correct registration.
ESI (Employee State Insurance) operates following the ESI Act of 1948. It is a government scheme designed to provide social security benefits to workers. The administration of this scheme falls under the purview of the Employee State Insurance Corporation (ESIC).
Employers must formally register their establishments with ESIC and furnish worker details for inclusion in the program.
Complying with the intricate regulations stipulated by the government can pose a significant challenge for employers. Solocorp' ESI experts are available to assist you with these matters, ensuring that your business remains compliant while securing the benefits of the ESI scheme for your employees.
The Employee State Insurance (ESI) Act categorises an establishment as any organised entity involving men or women, regardless of its physical location. This includes retail outlets and commercial shops, which are mandated to enroll in the ESI scheme if they employ 10 workers or 20 in certain states, provided these employees earn up to Rs. 21,000 per month, or Rs. 25,000 for individuals with disabilities.
ESI registration is mandatory for certain entities and businesses that meet the specified workforce criteria. According to the ESI Act, eligibility for registration depends on the type of establishment and the number of employees.
Retail businesses that employ 10 or more individuals are required to register for ESI.
Hotels or dining establishments that focus primarily on sales and have 10 or more employees.
Movie theatres, including preview facilities, are mandated to register under the ESI Act when they employ 10 or more individuals.
Businesses involved in road transportation with a workforce of 10 or more employees must register with ESIC.
Newspaper organisations, even if exempt from the Factory Act, must register if they employ 10 or more individuals.
Private healthcare facilities employing 10 or more workers must register under the ESI scheme.
Private educational institutions with 10 or more employees must comply with ESI registration requirements.
Casual workers employed by municipal corporations or bodies are also required to be included in the ESI scheme.
The Central Government has extended the scope of the ESI Act to cover entities such as insurance businesses, NBFCs, port trusts, airport authorities, and warehousing operations employing 20 or more individuals.
The eligibility criteria for ESI registration are designed to ensure that employees working in various establishments and industries receive the benefits under the ESI Act, 1948.
Employees in establishments, factories, or shops with more than 10 employees are eligible for ESI benefits under Section 2(12) of the ESI Act, 1948.
All workers and their dependents across different sectors can avail ESI medical benefits from ESIC-run hospitals and dispensaries.
Women employees earning less than Rs. 21,000 per month and individuals with disabilities earning less than Rs. 25,000 per month are eligible for maternity benefits under the ESI Act, including medical and cash benefits as well as paid leave for conditions such as pregnancy, miscarriage, medical termination, and adoption.
Employees are entitled to receive 70% of their wages for up to 91 days a year during certified sickness periods.
Employees can receive an extended benefit at 80% of their wages for up to two years for certain long-term and severe diseases.
Full wage compensation is provided for employees undergoing sterilisation, with 7 days for Vasectomy and 14 days for Tubectomy.
Comprehensive medical care is available to employees and their families, ensuring their well-being.
Retired employees and their spouses are eligible for continued medical benefits upon paying an annual premium of Rs. 120.
Pregnant women are entitled to total wages as maternity benefit for 26 weeks, extendable by a month, ensuring financial stability during childbirth.
In the unfortunate event of an employee's death due to employment injury, 90% of the employee's wages are provided to their dependents as a monthly payment.
Employees suffering from an employment injury receive 90% of their wages as a benefit until the disability lasts.
In cases of permanent disability, employees are entitled to a monthly payment of 90% of their wages based on the loss of earning capacity as assessed by a Medical Board.
A fixed sum of Rs. 15,000 is provided to the dependents or the individual conducting the last rites, assisting with funeral expenses.
The following are some of the key compliances after ESI (Employee's State Insurance) registration that must be adhered to:
The establishment must maintain an attendance register to record the attendance of all employees. This is essential for compliance and internal record-keeping.
A comprehensive register of wages for workers must be maintained. This ensures transparency and compliance with ESIC regulations.
An inspection book must be kept to record any inspections conducted on the premises, ensuring transparency and regulatory compliance.
The establishment must submit monthly returns and challans within the first 15 days of the succeeding month. This includes providing employee details, attendance, and the corresponding ESIC contributions.
A register documenting any accidents on the premises is mandatory. This facilitates compliance and ensures a proactive approach towards workplace safety.
Solocorp' team of seasoned professionals, including chartered accountants and legal experts, offers premier legal and compliance ESI registration services in India. We recognize the critical nature of an employer's obligation for ESI registration and approach this task with the highest degree of diligence and attention to detail.
Our Employee State Insurance Registration process is streamlined, efficient, and designed to save you time. Transparency is at the core of our service delivery, ensuring you receive regular updates throughout the process.
Should you have any inquiries during the ESI registration or filing process, our expert team is readily available to provide you with the necessary support and guidance.
Our experts will guide you through the ESI registration process, ensuring you understand your obligations and how to comply with them efficiently.
We assist you in gathering all the necessary documents and information required for a smooth ESI registration process.
Our team will prepare your ESI registration application with accurate details and required documentation.
We will submit your application to the relevant ESI authorities, ensuring a hassle-free process.
Our experts will handle any queries or follow-up requests from the authorities on your behalf, ensuring quick resolution.
Our ESI registration fees are affordable, offering high-quality service with expert consultation and timely filing.
Once approved, your ESI registration will be issued, allowing you to meet your legal obligations and protect your employees.