ESI Registration Online
Provide ESIC benefits to your employees by getting an ESI Registration Online. BizindiGo offers an online and hassle-free process for ESI Registration in India.
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What is an Employee's State Insurance (ESI)?
Employee's State Insurance (ESI) is a self-financing social security and health insurance scheme for Indian workers.
Employees' State Insurance Corporation (ESIC) provides monetary and medical benefits to Employees in case of sickness, maternity, and employment injury and makes provisions for related matters.
The Scheme is mainly financed by contributions from employers and employees. For all employees earning INR 21000/- or less per month as wages, the employer contributes 4.75 percent of the wages payable to employees and the employee contributes 1.75 percent of the wages payable to an employee, a total share of 6.5 percent towards the fund.
This fund is managed by the Employees' State Insurance Corporation (ESIC).
Key Facts - Employee's State Insurance Sheme
Social Security/Health Insurance Scheme
Employee's State Insurance (ESI) is a self-financing social security and health insurance scheme. The scheme provides Employees monetary and medical benefits in case of sickness, maternity, and employment injury.
ESI Benefits
ESI scheme provides employees registered with the scheme with a host of medical and sickness benefits. Employees registered under the scheme can avail medical facilities and are also entitled to sick pay benefits.
ESI Applicability
ESI Registration is mandatory for Employers having 10 or more employees. Once, registered the organization is allotted a 17-digit unique identification code.
Who is Covered under scheme
All employees whose monthly salary (wages) up to or below Rs.21,000 (Rs. 25,000 for persons with disabilities) are covered under this Act.
ESI Contribution
Both the employer and the covered employees are required to contribute to the ESI scheme. Currently, the employer's contribution rate is 3.25% of the employee's wages, while the employee's contribution rate stands at 0.75% of their wages.
ESI Payment Date
The last date to pay ESI contribution is the 15th of every month. Employers registered under the scheme should deposit the due amount in a bank authorized by the ESIC.
Process for ESI Registration
Bizindigo will help your business to obtain ESI Registration in 5 to 7 working days, subject to government processing time.
Documentation & Application Preparation
BizIndiGo expert will explain you the process of registration, documents requirements etc. in detail. Preparation of ESI Application along with the necessary supporting documents that need to be submitted for ESI Registration.Application Filing & Processing
Once the application is prepared and filed, the concerned ESI Office will process the application and may request for more information or documents (if require).ESI Registration
Once the processing of application is done by concerned ESI office without any objection, they issue esi registration certificate and 17 digit unique code.Fast & Reliable Services
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