Employee State Insurance
ESI is a social security scheme in India designed to provide employees and their families with social protection. It covers events like sickness, maternity, and death or disability resulting from employment-related injuries or hazards.
Overview of Employee State Insurance Registration
The Employee State Insurance Act applies to organizations with more than 10 permanent employees earning wages below Rs. 21,000 per month. It's mandatory for employers meeting these criteria to register for ESI within 15 days of reaching the employee threshold.
Under the ESIC Scheme:
Employers contribute 3.25% of the total monthly salary payable to employees.
Employees contribute 0.75% of their monthly salary, with exemptions for those earning less than Rs. 176 per day.
Failure to register for ESIC online or comply with ESI return filing procedures may result in a fine of INR 10,000 for the organization.
Frequently asked questions
How many returns are filed every year after getting the ESI registration?
ESI Returns Filing Requirements:
Register of Attendance: Maintain employee attendance records.
Form 6 Register: Document employee details for ESI compliance.
Register of Wages: Keep records of wages paid to employees.
Accident Register: Record workplace accidents for reporting.
Monthly Returns and Challans: File regular monthly returns and payment challans.
Is ESI filing mandatory for a new company with no employees?
ESI Filing Clarification:
ESI filings are required only if the company has obtained ESI registration.
ESI registration is mandatory for companies once their employee count exceeds 10.
Ensure compliance with ESI regulations based on your company's employee strength.
Can I voluntarily opt in for ESI registration even if I don’t have 10 employees?
Companies can voluntarily obtain ESI registration if they have a minimum of 6 employees
How can I claim my medical treatment from ESIC?
Types of ESI Claims:
Accident, Death, Sickness, Maternity Cash Benefits:
Contact your ESIC branch office for assistance with accident, death, sickness, or maternity cash benefits.
Medical Bill Reimbursement:
For medical claims, reach out to your dispensary or ESIC branch for reimbursement details.