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ESI Registration

Original price was: ₹3,500.00.Current price is: ₹1,500.00.

ESI Registration with AutoBizNow: Your Comprehensive Guide for FY 2024-25 🧾

The Employee State Insurance (ESI) scheme is a government-mandated program designed to provide financial and medical security to employees in case of health-related contingencies. Managed by the Employee State Insurance Corporation (ESIC), an autonomous body under the Ministry of Labour and Employment, the scheme offers a range of benefits for employees and their families. At AutoBizNow, powered by Professional Consultant Solution Planet Private Limited, we simplify the process of ESI registration and compliance for your business. 🏢

What is ESI Registration?

ESI registration is mandatory for establishments employing a certain number of workers to ensure employees receive financial support in times of need, such as medical emergencies, maternity, or work-related injuries.

📋 Eligibility Criteria for ESI Registration

1️⃣ Employee Count:

Establishments with 10 or more employees (in some states, the threshold is 20) are required to register under the ESI scheme.

2️⃣ Salary Threshold:

Employees earning a gross salary of up to ₹21,000 per month are eligible for ESI benefits.

3️⃣ Contribution Structure:

Total ESI contribution: 6.5% of gross salary
- Employer: 4.75%
- Employee: 1.75%

4️⃣ Mandatory for High-Risk Units:

Industrial units prone to injuries or health hazards must register all employees earning below ₹21,000 per month.

Required Documents for ESI Registration 📂

To register under the ESI scheme, employers must submit the following documents:

Registration Certificate under the Shops and Establishment Act or the Factories Act.
Address proof of the principal place of business.
PAN Card of the business.
Latest bank statement.
Memorandum of Association (MoA), Articles of Association (AoA), partnership deed, or trust deed, depending on the entity type.
Certificate of commencement of business.
Monthly payroll for calculating ESI contributions.

Definitions under the ESI Act

Factory

A factory includes any premise employing 10 or more workers (20 in some cases), engaging in a manufacturing process. Seasonal factories operating up to seven months per year are also covered if engaged in processes like blending or packaging.

Establishment

An establishment includes any organized body engaged in commercial or economic activities employing 20 or more persons. This also applies to service providers like consultancy firms, real estate services, and liaison offices.

🌟 Benefits of ESI Registration

1. Medical Aid:

Comprehensive medical care for employees and their families from day one.
Retired members and permanently disabled persons can continue medical benefits for an annual payment of ₹120.

2. Maternity Benefit:

Pregnant women are entitled to 26 weeks of paid maternity leave, extendable by 30 days on medical advice.

3. Disablement Benefit:

Temporary Disability: 90% of wages as long as the disability continues.
Permanent Disability: 90% of wages as monthly payments.

4. Sickness Benefit:

70% of monthly wages for up to 91 days per year during illness.

5. Dependent Benefits:

Dependents receive 90% of wages monthly in case of the insured employee's demise.

6. Funeral Expenses:

₹10,000 towards funeral expenses for the deceased employee’s family.

7. Confinement Expenses:

Benefits for insured women or the spouse of an insured employee during confinement without ESI facilities.

Need-Based Benefits:

Vocational Rehabilitation: Training for permanently disabled employees.
Physical Rehabilitation: Treatment for work-related injuries or illnesses.
Extended Sickness Benefits: Up to 2 years for chronic diseases.
Enhanced Sickness Benefit: Encourages vasectomy or tubectomy for family welfare.

Why Choose AutoBizNow for ESI Registration?

🌟 Expert Assistance: Step-by-step guidance for accurate and timely registration. 🌟 Hassle-Free Process: Simplified documentation and application filing. 🌟 Compliance First: Ensure your business meets all statutory obligations. 🌟 Ongoing Support: Assistance with ESI filings, employee management, and claims.