Employee State Insurance Scheme is a social security scheme to give social protection to employees earning upto Rs. 21,000/- per month. The employer and employee contribute fixed amount to the fund monthly. The State Governments also contribute 1/8th share of the cost of Medical Benefit.
The protection is provided against the events of sickness, maternity, disablement and death due to employment injury and to provide medical care to the insured employees and their families.
ESI is a must for entities employing 10 or more persons. ClearTax experts will help you get registered under the scheme.
Every person/entity operating from a shop/office/business establishment employing 10 or more employees
ESI is a comprehensive Social Security Scheme designed to provide social protection to the employees against sickness, disablement and death due to employment injury and other events. The fund is self financing where employer and employee contribute on monthly basis and the amount can be utilised towards reimbursing expenses incurred on health of employee and his family members.
Yes.It is the Statutory responsibility of the employer to register the Factory/Establishment under the ESI Scheme within 15 days from the day of its applicability.
There are a couple of benefits that employer gets on getting Employee State Insurance Registration for his business. *The employer gets his employee protected by ESIC in all respects, so the employee can concentrate on his work.
You don't need to be present in person during any stage. The entire procedure will be carried out by our experts. You just need to upload the required documents on the ClearTax Encrypted Document vault and you will receive the registration on service fulfilment.
Usually the entire process takes a week’s time. Depending on the work load with government department the process might take longer time. Make sure that you keep the required documents ready so that we can complete the entire process in least time.