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
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.
13. Current list of employees with their details like:
Timelines: Between 7 – 15 days
Pricing: Rs 3499 one time
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.