ESI Registration.
ESI stands for Employee State Insurance managed by the Employee State Insurance Corporation.
Rs. 1999
What is Employees State Insurance (ESI)?
Employees State Insurance (ESI) is the insurance scheme regulated by Employees’ State Insurance Corporation under the Employees’ State Insurance Act, 1948. ESI provides health security to the workforce.
Why Business Entities Should Register itself under Employees’ State Insurance (ESI)?
Registration under Employees’ State Insurance (ESI) is mandatory for an entity if such entity has 10 or more employees at any point in time. An entity cannot take registration on a voluntary basis if it has less than 10 employees. Registration under ESI is important (if applicable) for every entity because it provides health security to employees against uncertain illness and accident in the future so that employees can do their work with confidence whose ultimate benefit goes to owners.
What is the contribution rate under ESI?
Employee’s Contribution: 0.75% of Gross Salary.
Employer’s Contribution: 3.25% of Gross Salary.
What is the eligibility of employee under ESI?
An employee having a gross salary not exceeding Rs. 21,000 (Rs. 25,000 in case of an employee with disability) is eligible to get the benefit of ESI.
Documents required for ESI Registration.
- Scanned Copy of PAN Card of Proprietor / Partners of Firm / Directors of Company / Secretary or Chief Executive of Society / Karta of HUF (as the case may be).
- Scanned Copy of Aadhar Card of Proprietor / Partners of Firm / Directors of Company / Secretary or Chief Executive of Trust / Karta of HUF (as the case may be).
- Passport Size photos of Proprietor / Partners of Firm / Directors of Company Secretary or Chief Executive of Trust / Karta of HUF (as the case may be).
- Scanned Copy of PAN Card of Firm / Company / Society / Trust / HUF (if the applicant is Firm or Company or Society or Trust or HUF).
- Sale Deed / Convenance Deed / Rent Agreement (if business place on rent) as address proof of place of business.
- Utility Bill i.e., Electricity Bill / Property Tax Receipt / Water Bill (anyone) as proof of ownership of the place.
- Constitution of Business i.e., Partnership Deed / Certificate of Incorporation and Agreement of LLP / MOA & AOA and Certificate of Incorporation of Company / Registration Certificate of the Society / Copy of the Trust Deed (as the case me be).
- Area of business activities.
- Contact Details (mobile number and email ID of Proprietor / Partners / Directors / Secretary or Chief Executive of Society / Karta of HUF (as the case me be).
- Contact details of business / Firm / LLP / LLP / Company / Society / HUF.
- Number of workers employed.
- Signature specimen of business owner.
- Details of current salary and wages of employees and workers.
Note: Mobile number should link with Aadhar Card to authenticate the submission of application in case of Proprietorship/Individual employer. If the mobile number is not linked with Aadhar Card then the authentication process will do through DSC. In the case of an employer other than Proprietorship/Individual, DSC is mandatory.
How many days it takes to complete the process of ESI Registration?
Department usually takes 5 to 7 working days (excluding Saturday, Sunday, and Gazetted holidays), its subject to the processing of the application by the department.
How myaccountants.in can help you to get your ESI Registration?
myaccountants.in has knowledgeable and experienced team members to guide you and resolve your queries related to everything about ESI Registration. You can follow the steps given below to get your business under ESI through us.
Step 1. Book your service by making payment for selected service and you can ask queries related to the service in case of any doubt.
Step 2. After receipt of your payment, our team member will contact you to understand your requirements related to ESI Registration and guide you to send the required documents and information.
Step 3. Our team members will start the process of filing the application.
Step 4. Our team member will apply for Digital Signature (DSC) in case of an employer other than Proprietorship/Individual.
Step 5. Our team member will ask you the OTP you will receive on the mobile number given by you to authenticate the sign-up process on the portal.
Step 6. Our team member will ask you the OTP received on the mobile number registered with the Aadhar Card to authenticate the submission of the application (if a mobile number is not linked with the Aadhar Card then the authentication process will do through DSC).
Step 7. After successful submission of the application, our team member will send you the confirmation and will track the status of an application, will resolve the queries raised by the department.
Step 8. After successfully processing an application, the department will issue the allotment of the ESI Code through Email sent on your registered email ID along with login credentials to the login ESI portal. Our team member will ask you for the login credentials to log in to the ESI portal for further essential tasks need to perform and after successful generation of the allotment letter, our team member will send you the same on your email ID.
General Questions and Doubts related to ESI Registration.
Q 1. When it is mandatory to get the registration under ESI for an employer?
Ans. If an employer has a total number of employees of 10 or more then it will become mandatory to get registration under ESI for an employer.
Q 2. Whether getting voluntary ESI registration possible?
Ans. No, an employer cannot get ESI registration on a voluntary basis.
Q 3. Validity of ESI registration.
Ans. ESI registration is valid forever unless the employer surrenders the ESI registration in case of cessation of business.
Q 4. Whether is it required to renew the ESI registration?
Ans. No, renewal of ESI registration is not required once the ESI department allots the ESI code.