Esic Registration
ESIC (Employee's State Insurance Corporation) registration
ESIC (Employee’s State Insurance Corporation) registration is a mandatory registration process for employers in India under the Employees’ State Insurance Act, 1948. ESIC is a social security and health insurance scheme for employees in the organized sector in India. Here’s an overview of the ESIC registration process:
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1. Eligibility:
•Employers in India with 10 or more employees (in some states, the threshold may be lower) are required to register for ESIC.
2. Registration Application:
•Employers need to apply for ESIC registration within 15 days of becoming eligible. This can be done online through the ESIC portal or at the local ESIC office.
3. Required Information and Documents:
. To complete the registration process, employers need to provide the following information and documents:
•Company’s registration certificate (if applicable).
•Address proof of the establishment.
•Details of the company’s bank account.
•A list of employees, along with their photographs.
•PAN card of the company.
•Incorporation certificate or partnership deed (as applicable).
•Details of the nature of business and activities.
4. Submission of Application:
•The employer must submit the application for ESIC registration along with the required documents to the local ESIC office.
5. Inspection by ESIC Authorities:
•After receiving the application, ESIC authorities may conduct an inspection of the establishment to verify the information provided.
6. ESIC Code Number:
•Once the application is approved, the employer will be issued an ESIC Code Number. This code is used for making ESIC contributions and for other related transactions.
7. Monthly Contributions:
•Employers are required to deduct a certain percentage (usually 4.75% of the employee’s wages) as an ESIC contribution from the employee’s salary and contribute an additional amount (usually 1.75% of the employee’s wages) as the employer’s contribution.
•These contributions need to be deposited with the ESIC authorities on a monthly basis.
8. Filing Returns:
•Employers are required to file monthly returns with details of the contributions made on behalf of their employees. This is usually done online through the ESIC portal.
9. Providing Employee Benefits:
•ESIC provides employees with benefits such as medical care, sickness benefits, maternity benefits, and more. Employers are responsible for ensuring that eligible employees receive these benefits as per the ESIC Act.
10. Compliance:
•Employers must comply with all the rules and regulations outlined in the ESIC Act and any
amendments made to it.
It’s important for employers to ensure timely and accurate compliance with ESIC registration and contribution requirements to avoid penalties and legal issues. Additionally, employees should be informed about their rights and benefits under the ESIC scheme. Consulting with legal or HR professionals can be helpful in navigating the ESIC registration and compliance process.