+91 9840777207 sachin@cfoangle.com HSR Layout Bengaluru

Employees' State Insurance

Social security

ESIC Registration

Employees’ State Insurance Scheme of India is a social security scheme providing social protection to workers and their dependents in an organised sector; in the event of contingencies such as sickness, maternity, death or disablement during the course of employment (occupational hazard).

It is mandatory for 

  • Non- seasonal factories using power and employing ten (10) or more people.
  • Non-seasonal and non-power factories and establishments employing twenty (20) or more people, to take ESIC registration.

A monthly ESI contribution is to be made by the employer for all employees having salary less than Rs.21, 000 per month. Employer contributes 4.75% from his own pocket and deducts 1.75% of employee’s wages for ESI. Our expert at CFO ANGLE will help you avoid unnecessary attraction of ESIC implications.

Note – Once the company has taken the ESIC registration, the returns should be filed twice in a year.

Documents required

  1. Mandatory registration certificate obtained either under the:
    1. Factories Act
    2. Shops and Establishment Act
  2. Incorporation certificate in case of Company or Registered Partnership deed in case of a Partnership or LLP
  3. Memorandum of Association and Articles of Association of the Company
  4. A list of all the employees working in the Establishment
  5. PAN Card of the Business Entity as well as all the Employees working under the entity
  6. A cancelled cheque of the Bank Account of the Company
  7. List of Directors of the Company
  8. List of the Shareholders of the Company
  9. Register containing the attendance of the employees
  10. Bank statements of the organization, with evidence of commencement of operation
  11. The PAN card of the business and address proof of the establishment/firm
  12. Digital signature of the proprietor / director / partner

 

13. Current list of employees with their details like:

    1. The salary compensation details of all the employees;
    2. Name
    3. Father’s Name
    4. Date of joining
    5. Date of birth
    6. Mobile number
    7. Postal address
    8. Name of nominee
    9. Grade
    10. Designation
    11. ID proof (Aadhaar and PAN)
    12. Bank A/c number with IFSC code

 

Timelines: Between 7 – 15 days

Pricing: Rs 3499 one time

Calculating on abacus

ESIC Return Filing

Once the company has taken the ESIC registration they have to file return twice a year.

Documents Required –

The following documents must be maintained regularly for filing ESI returns.
1. Attendance register
2. Register for Form 6
3. Register of wages
4. Register of any accidents on the premises
5. Inspection book
6. Monthly challans and returns submitted for ESI

Pricing: Minimum of Rs. 3000 per month

Charges subject to change based on number of transaction and work involved.

Cost of addressing notices for non-compliance varies from case to case.

Notices received from any department shall not be ignored under any circumstances; the same shall be forwarded to the authorized person. Ignorance of such notices can lead to serious legal issues.

Only the basic documents are required to be kept, but the client should be in a position to provide the additional documents demanded by the department.