EMPLOYEE STATE INSURANCE

ESI is an autonomous organization under the Ministry of Labor and Employment, Government of India. “India’s biggest Platform.” Connect with our Experts.

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EMPLOYEE STATE INSURANCE with Auriga Accounting

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Why Should I Use Auriga Accounting For EMPLOYEE STATE INSURANCE ?

Auriga Accounting has a team of registration experts who can provide complete guidance to EMPLOYEE STATE INSURANCE.

book appointment

Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for registration

Complete your EMPLOYEE STATE INSURANCE

Your EMPLOYEE STATE INSURANCE

Why Should I Use Auriga Accounting For EMPLOYEE STATE INSURANCE ?

Auriga Accounting has a team of registration experts who can provide complete guidance to EMPLOYEE STATE INSURANCE.

book appointment

Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for registration

Complete your EMPLOYEE STATE INSURANCE.

Your EMPLOYEE STATE INSURANCE.

OVERVIEW – EMPLOYEE STATE INSURANCE

The Employee’s State Insurance (ESI) is a comprehensive health insurance and social security scheme designed for Indian workers. It operates as a self-financing system and is overseen by an independent corporation under the purview of the Ministry of Labor and Employment in India. The ESI Corporation, guided by the provisions of the ESI Act of 1948, manages the funds and ensures the effective implementation of the scheme.

The primary objective of the ESI is to provide cash and medical benefits to employees and their families. This includes coverage for medical expenses, sickness benefits, disability benefits, maternity benefits, and dependent benefits. The scheme operates through a wide network of hospitals and dispensaries strategically located across India.

Under the ESI scheme, both the employer and the employee contribute a certain percentage of the employee’s salary towards the ESI fund. These contributions are used to finance the various benefits and services provided to the insured individuals and their dependents. The scheme is mandatory for employees earning below a specified wage threshold, ensuring a wide coverage of workers across different industries and sectors.

The ESI Act of 1948 serves as the legal framework governing the functioning of the ESI scheme. It sets out the rights and obligations of the employers and employees, as well as the procedures and regulations related to contributions, benefits, and dispute resolution.

ELIGIBILITY

The ESI Act mandates that factories with a Pan India presence must have a minimum of 10 employees for registration. In the case of establishments, each station must have a minimum of 10 to 20 employees, as per the requirements of the ESI Act.

When selecting the Branch Office from the Drop Box, employers have the freedom to choose any Branch Office that is closest to their unit. Similarly, when selecting the Inspection Division from the Drop Box, employers can choose any Inspection Division as per their preference.

For manpower suppliers, security agencies/contractors, and government contractors, the registration process involves paying an advance contribution for six months after the generation of a Code Number. The calculation for the advance contribution is as follows:

(Number of employees earning up to Rs. 21,000 per month) x (minimum wages) x 6 x 6.5%.

FEW POINTS ARE ALWAYS REMBER IN EMPLOYEES STATE INSURANCE

The payment of the advance contribution is done online, and upon receiving confirmation from the State Bank, which may take one day for SBI account holders and two days for account holders of other banks, the registration letter, user ID, and password are sent to the employer’s email address.

If employers encounter any issues during the online registration process, they can send an email to the IT help desk of ESIC, providing details of the problem they have encountered. The email address for the IT help desk is itcare@esic.in.

In case any official from ESIC requires physical documentation after registration, please send a written request to the following email addresses: ac-revenue.hq@esic.in or websupport.mol@nic.in.

REGISTRATION OF EMPLOYEE

Upon joining an organization, an employee is required to complete a Declaration form, known as Form-1, and submit a copy of their family photo to the employer, who will then submit it at the ESI branch office. Within three months, the employee will receive a permanent photo ID, which serves as their identification under the ESI scheme. Additionally, they will be provided with an insurance number for identification purposes.

If an employee switches organizations and takes up employment elsewhere, their registration under the ESI scheme can be transferred.

WAGES LIMIT IN EMPLOYEE STATE INSURANCE (ESI)

The wage limit for ESI registration is as follows: Employees earning 21,000 INR or less per month are eligible for ESI contribution, while those with higher wages are exempt. However, for employees with a ‘Disability,’ the wage limit is set at 25,000 INR per month.

Under the ESI scheme, employees are required to contribute 1.75% of their total salaries, while employers contribute 4.75% of the total wages.

ADVANTAGES OF EMPLOYEE STATE INSURANCE

Comprehensive Health Coverage: ESI provides comprehensive health coverage to insured employees and their dependents. It includes medical benefits, such as hospitalization, specialist consultations, diagnostic tests, medicines, and surgeries. This ensures that employees have access to quality healthcare services when needed, reducing their financial burden.

Cash Benefits during Sickness: Under ESI, employees are entitled to cash benefits during periods of sickness. They receive a percentage of their wages as daily cash allowance during the period of certified illness, ensuring financial stability during their absence from work.

Maternity Benefits: ESI offers maternity benefits to female employees, including paid leave, medical expenses, and cash benefits during pregnancy and childbirth. This provides support and financial assistance to female employees during this important phase of their lives.

Disability Benefits: In case of work-related injuries or disabilities, employees covered under ESI are eligible for disability benefits. These benefits include financial assistance, rehabilitation support, and vocational training to help employees recover and reintegrate into the workforce.

Dependents’ Benefits: ESI extends coverage to dependents of insured employees, including spouses and children. This ensures that the family members are protected and receive necessary medical care when required.

Preventive Health Services: ESI focuses not only on treatment but also on preventive health measures. It promotes regular health check-ups, immunizations, and awareness programs to prevent illnesses and promote a healthy lifestyle among employees.

Reduced Financial Burden on Employers: By providing comprehensive healthcare coverage, ESI helps employers manage the financial burden associated with employee medical expenses. This can result in reduced absenteeism, improved productivity, and better employee morale.

Compliance with Legal Requirements: ESI ensures that employers comply with the legal requirements related to employee welfare and social security. It helps organizations meet their statutory obligations and avoid legal issues.

VALIDITY PERIOD OF EMPLOYEE STATE INSURANCE

Continuous Employment: The ESI coverage remains valid as long as the employee remains in continuous employment with an organization that falls within the purview of the ESI Act.

Wage Limit: To be eligible for ESI coverage, employees must fall within the prescribed wage limit. As of now, employees earning up to 21,000 INR per month are eligible for ESI contribution. However, this wage limit may be revised from time to time by the government.

Eligible Employees: ESI coverage is applicable to employees working in specified sectors such as factories, establishments, and certain categories of workers. The specific criteria for eligibility are outlined in the ESI Act and its corresponding rules.

Geographical Scope: The ESI Act applies to specific geographical areas within India. The scheme is implemented in areas where the ESI Corporation has established ESI hospitals, dispensaries, and other necessary facilities.

Registration and Compliance: Employers are responsible for registering eligible employees under the ESI scheme and ensuring compliance with the relevant regulations. This includes timely payment of contributions, submission of necessary documentation, and adherence to reporting requirements.

Voluntary Coverage: In some cases, employers or employees who do not fall within the mandatory coverage criteria may opt for voluntary ESI coverage. This allows them to avail of the benefits provided under the scheme by voluntarily contributing to the ESI fund.

WHY AURIGA ACCOUNTING ?

Auriga Accounting is an online platform that provides legal and professional services in India, including assistance with ESI registration. Here’s how Auriga Accounting can help in registering ESIs:

ESI Application Preparation: Auriga Accounting can assist in preparing the ESI application for your creative work. They can help gather the necessary information, review the work for ESI ability, and complete the required application forms accurately.

Documentation and Filing: Auriga Accounting can help compile and organize the necessary documents and information required for ESI registration. They can guide you through the process of submitting the application to the ESI Office in India.

Legal Advice and Guidance: Auriga Accounting can provide legal advice and guidance regarding ESI registration, including eligibility, ESI able works, and the registration process. They can address any queries or concerns you may have throughout the process.

ESI Search and Verification: Auriga Accounting can conduct a ESI search to ensure that your work does not infringe on existing ESIs. This search helps identify any potential conflicts or similarities with previously registered works.

Timely Updates and Follow-ups: Auriga Accounting can keep you informed about the progress of your ESI application and provide regular updates on the status of your registration. They can also follow up with the ESI Office on your behalf, ensuring a smooth and efficient registration process.

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