What is ESI Return?
Employees’ State Insurance (ESI) is a self-supporting social security and health insurance scheme for Indian workers, administered by the Ministry of Labour and Employment. Employee State Insurance Corporation (ESIC) and its rules and regulations manage this ESI Fund. All ESI-registered entities are required to file ESI returns, which are due every six months.
Employees State Insurance (ESI) is a self-funded social security and health insurance programme for Indian workers. Employers with ten or more employees are required to register for ESI. Employers must contribute 4.75 percent and employees must contribute 1.75 percent to ESI for all employees earning Rs.15,000 or less per month in wages. The ESI fund is managed by the ESI Corporation (ESI), which oversees the provision of medical and cash benefits to employees and their families through a large network of branch offices, dispensaries, and hospitals across India, in accordance with the ESI Act 1948. ESI is a government of India-owned corporation that reports to the Ministry of Labour and Employment.
Employee State Insurance (ESI) Corporation registration is required for all employers with ten or more employees. Those who have registered for ESI must then file ESI returns. ESI returns are due every six months. Our ESI experts can also assist you with computer ESI payments and ESI compliance for your company.
Applicability of ESI
The ESIC is applicable to all businesses with ten or more employees and is beneficial to all employees earning Rs.15, 000/- or less per month in wages. The employer must contribute 4.75 percent and the employee must contribute 1.75 percent to the ESIC.
Unable to decide or want Our expert advice ?
Documents Required to File ESI return
The following documents are required to file an ESI return
Registration Certificate or the respective license which is obtained under the Shops and Establishments Act.
The Memorandum of Association and Articles of Association also must be provided along with the other documents
If the entity is a factory, then the certificate of commencement of work in the factory must be provided.
Information on the monthly contribution of the employees of the factory or the entity
Permanent Account Number (PAN) of the Establishment or the Entity
Respective Bank Statement of the Organisation
Wages Registry
Inspection Book and Certificates
If this is a company registered under the provisions of the Companies Act, 2013 then the certificate of incorporation must be provided
If the entity is a partnership company, then the cy opof the respective trust deed must be provided.
Information on the employees of the establishment or the factory
A detailed list of all the directors, shareholders and partners of the company
Respective Bank Statement of the Organization
Register of Form- 6
Address of the premises and other information related to the premises
Attendance registers of the Company
Unable to decide or want Our expert advice ?
Benefits of ESIC
How to file ESIC return?
-
Log in Employer Portal using 17-digit Employer digit code. This code is provided to the company when registering under the ESI rules. When the 17-digit registration number is received by the company, the ESI filing process can be easily carried out.
-
Go to the monthly contribution section. Before considering this, the employer or factory must make sure that all the information related to the employees is updated before filing the returns.
-
All the details of the employer contribution will be displayed.
-
Verify the details. After this enter bank details and go to submit the monthly employee return.
-
If there are any short payments in respect of employees then complete the dues.
-
Do Self Certification under the monthly contribution section, then checkmark the declaration and submit the return.
FAQs On ESI Return
ESI registered businesses have to file ESI returns on monthly basis. It is governed under the ESI Act, 1948; ESIC (Employees’ State Insurance Corporation) which provides benefits to employees in the event of their sickness, death, disablement, injury, etc.
ESI Return contributions have to be filed within 42 days of termination of contribution period. Payment of contribution shall be made within 21 days of the last day of a calendar month. These returns must be filed half yearly
It is mandatory for employer has to submit half-yearly Return of Contributions (RC) by 11th May/11th November every year with all columns properly filled. An employer will apply in Form-01 for coverage under the ESI Act, within 15 days after the Act becomes applicable to a factory or establishment
The ESIC Return is filed on the half-yearly basis which means the ESIC return is required to file on or before 11th May and 11th Nov.
One can check the ESIC status by visiting to website ‘Portal Application ESIC’. A window of Employee’s portal is displayed. The user has to fill his ESIC insurance number i.e., IP number to know the status.
No, one cannot withdraw an ESI amount but we can avail the benefits of ESI. One can take medical facilities through the ESIC card. There is no provision of withdrawal of contributed ESI money in India.
Visit to the website www.esic.in then click on to ESCI Challan payment. Then enter the Employer code and displayed captcha. After it one can check the ESIC paid Challan.
The ESI scheme is applicable to all factories and other establishments and is mandatory as defined in the Act. When 10 or more persons employed in such establishment and the beneficiaries on the monthly wages does not exceed Rs 21,000 are covered under this scheme.
All employees are covered whose monthly income (excluding overtime, bonus, leave encashment) is less than Rs. 21,000 per month, are eligible to avail benefits under the Scheme. But employees earning daily average wage up to Rs. 176 are exempted from ESIC contribution
ESI has their own Dispensaries and Hospitals to cater the Insured Persons. Therefore, ESIC Policy do not encourage outside treatment and reimbursement. In selected cases and conditions which cannot be treated under ESIC Infrastructure they allow for cashless treatment at outside Private Hospitals.
Yes, it is the statutory responsibility of the employer under Section 2A of the Act to register their Factory/ Establishment under the ESI Act within 15 days from the date of its applicability to them
