Employee State Insurance Corporation or ESIC is a self-financing social security and health insurance scheme which provides medical benefit, sickness benefit, maternity benefit, disablement benefit and various other benefits to the employees and their family. The ESI scheme is applicable to all factories and other establishments as defined in the Act with 10 or more persons employed in such establishment and the beneficiaries’ monthly wage does not exceed Rs 21,000 are covered under the scheme. However the threshold for Coverage of establishments is still 20 Employees in Maharashtra and Chandigarh. The ESI scheme covers all the states (except Manipur and Arunachal Pradesh) and all union territories (except Lakshadweep Islands).

Organizations under ESI coverage must file annual return showing the changes if any during the preceding year. Return of contributions enclosing copy of all ESI contributions paid must be submitted once every six months.

Contribution

The rates are revised from time to time. Currently, the employee's contribution rate (w.e.f. 1.1.97) is 1.75% of the wages and that of employer's is 4.75% of the wages paid/payable in respect of the employees in every wage period. For newly implemented areas, the contribution rate is 1% of wages of Employee and 3% payable by Employers for first 24 months (w.e.f. 06.10.2016) Employees in receipt of a daily average wage up to Rs.137/- are exempted from payment of contribution. Employers will however contribute their own share in respect of these employees.

Documents Required for ESI Registration

  • Documents related to the constitution/Registration Certificate
  • Latest Rent Bill of the premises
  • Xerox
  • Copy of latest building Tax/Property Tax receipt
  • Trust Deed or Partnership/ MOA & AOA
  • List of employees employed in company and directors
  • Cancelled Cheque (Proof of Bank)
  • Copy of Income Tax PAN

Benefits for ESI Registration

Employee's State Insurance Corporation (ESI) is a self-ESI provides employees registered the scheme with a host of medical and sickness benefits. Employees registered under the scheme can avail medical facilities and are also entitled for sick pay benefits.

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