The Employees’ State Insurance Act, 1948 enacted by the legislature as an integrated need based social insurance scheme that would protect the life and living of workers in sickness or any kind of accident, maternity, temporary or permanent physical disablement, death due to employment injury resulting in loss of salary or earning capacity of an Individual. The ESI Act also guarantees reasonably good medical care to workers and their immediate dependents.
ESI registration is mandatory for all employees earning INR 20,000 per month or less per month as wages or salary. The employer needs to contribute 4.75 % and employee needs to add 1.75% total share 6.5% of Gross salary. This fund is supervised by the ESI Corporation established under the Act. The employer has to mandatory register within 15 days from the Incorporation. The ESI Corporation has to oversee the provision of medical and cash benefits ESI Card holder and depended family member. Now ESI Corporation has established a vast network of Regional offices, dispensaries and hospitals throughout all the main cities in India. State government is accountable for the administration and supervision of the hospitals.
ESI Registration can be done online from anywhere in India.
The ESI Act also guarantees reasonably good medical care to workers and their immediate dependents. ESI registration is mandatory for all employees earning INR 20,000 per month or less per month as wages or salary. ESI Registration is compulsory for the Employers having more than 10 employees.
ESI Benefits to Employee
ESI provides social insurance to protect the life and living of workers in sickness or any accident, injury resulting in loss of salary or earning capacity of an Individual.
ESI benefits to Employer
A Registered organization under the ESI Act, employer secures legal liability which can arise from any accident at the workplace or outside the workplace. If an employer is a registered under the act, then total expenses in case of disability or sickness of employee shall be borne by the ESI Corporation.
ESI Payment online
ESI Contributions should pay on the government account before the 21st of the following month.
Documents Required From All Directors and Shareholder.
- Document Form 01 Employer’s Registration (may be abstained from ESI Office).
- List of minimum 10/20 Employees with their DOJ and Rate of Salary.
- Memorandum & Articles of Association with Certificate of Incorporation/Partnership Deed as
- Copy of PAN.
- Bank a/c existing Certificate.
- Copy of Vat Registration.
- Copy of Factory/Shop & Comm. EST Registration.
- A copy of any other Registration as may be.
- Declaration Form of each employee along with their 2 Postcard size photographs (Optional)