ESI Registration
Expert Assistance for ESI Registration | RV Associates
Employee State Insurance (ESI) registration is a mandatory requirement for businesses in India, governed by the Employee State Insurance Corporation (ESIC) under the ESI Act of 1948. This government scheme provides social security and health insurance benefits to employees earning below a specified wage limit, typically extending coverage to their dependents.
Why ESI Registration is Essential
ESI registration applies to businesses with 10 or more employees (or 20 in some states). This ensures employees gain access to a comprehensive safety net, including medical care, sickness benefits, maternity benefits, and dependents’ pensions.
Key Features of the ESI Scheme
ESI (Employee State Insurance) provides a range of benefits to employees, including:
Medical Benefits: Complete healthcare coverage for employees and their dependents.
Sickness Benefits: Financial aid during illness, covering 70% of wages for up to 91 days.
Maternity Benefits: Full wages for 26 weeks, ensuring financial security during pregnancy.
Disability Benefits: Compensation for temporary or permanent disabilities caused by work-related injuries.
Dependent Benefits: Monthly payments to dependents in case of the employee’s death.
Eligibility Criteria for ESI Registration
Who must register?
Businesses employing 10 or more workers (or 20 workers in select states).
Employees earning up to Rs. 21,000 per month (Rs. 25,000 for individuals with disabilities).
Eligible entities include:
Retail outlets
Hotels, dining establishments, and road transport businesses
Cinemas, including preview theatres
Private healthcare and educational institutions
Casual municipal workers
Benefits of ESIC Registration
By registering under ESIC, businesses unlock several advantages for their employees, such as:
Extended Sickness Benefit: Up to 80% of wages for long-term illnesses.
Enhanced Sickness Benefit: Full wage support for sterilization recovery.
Funeral Expenses: A fixed sum of Rs. 15,000 for dependents.
Retirement Medical Benefits: Continued healthcare for retired employees and their spouses.
Documents Required for ESIC Registration
For smooth online ESIC registration, you’ll need the following:
Business Registration Proof (Factories Act or Shops and Establishment Act).
GST Registration Certificate.
Employee Details (PAN, salary, attendance).
Company Documents: MoA, AoA, or partnership deed.
Bank Information: Cancelled cheque.
Post-Registration Compliance
Once registered, businesses must adhere to strict compliance measures, including:
Maintaining an Attendance Register and Wages Register.
Submitting monthly returns and challans within 15 days.
Keeping an Accident Register.
Filing timely updates to ensure continued compliance.
Why Choose RV Associates for ESI Registration?
At RV Associates, we offer:
Expert Guidance: Chartered accountants and legal professionals ensure accuracy and compliance.
End-to-End Support: From document preparation to final approval.
Efficient Online Process: We handle the entire ESIC registration online for a hassle-free experience.
Transparent Communication: Regular updates and dedicated support throughout the process.
Get Started Today
Ensure seamless ESI registration with RV Associates and unlock the full benefits of the ESI scheme for your employees. Contact us now for expert assistance and compliance support!
Simplify ESI registration and safeguard your workforce’s future with RV Associates!