ESIC Compliance
ESIC compliance refers to adhering to the regulations set forth by the Employees' State Insurance Corporation (ESIC) in India. The ESIC scheme provides social security benefits like medical care and maternity leave for employees and their dependents. Here's a breakdown of the key aspects of ESIC compliance for employers:
₹ 2000/- ₹ 3000 60% Off (Exclusive government fees)
Documents Required
- Photo ID Proof
- Business Constitution Proof
- Proof of Address
- Food Category Details
- Bank Account Details
- Sanitary Certificate
- NOC from Local Authority
- Food Safety Management System Plan
ESIC Compliance Details
Registration:
- Mandatory Registration: Businesses with 10 or more employees (or 20 or more in
some states) and whose employees earn monthly wages of up to Rs. 21,000 (Rs.
25,000 for persons with disabilities) must register with the ESIC within 15 days of
becoming eligible.
Contributions:
- Employer & Employee Contribution: Both employers and employees contribute a
specific percentage of the employee’s wages towards the ESIC scheme.- Employer Contribution: Employers contribute 4.75% of the employee’s
wages (up to the wage ceiling). - Employee Contribution: Employees contribute 0.75% of their wages (up to
the wage ceiling). These contributions are deducted from their salary each
month.
- Employer Contribution: Employers contribute 4.75% of the employee’s
- Timely Payment: ESIC contributions for the previous month are due by the 15th of
the following month.
Reporting and Record-Keeping:
- Employee Enrolment: New employees who meet the eligibility criteria must be
enrolled with the ESIC within a specified timeframe (varies by state). - Electronic Challan Filing: Employers need to electronically file challans (payment
slips) for ESIC contributions deposited. - Maintaining Records: Employers must maintain proper records of employee
contributions, including challan copies, attendance registers, and other relevant
documents.
Additional Responsibilities:
- ESI Cards: Employers should facilitate the issuance of ESIC cards for their eligible
employees. These cards provide access to medical facilities under the ESIC scheme. - Accident Reporting: Any work-related accidents must be reported to the ESIC
within a stipulated timeframe.
Benefits of ESIC Compliance:
- Employee Benefits: ESIC provides employees with access to subsidized medical
care, maternity leave benefits, and other social security advantages. - Reduced Absenteeism: Access to healthcare can help reduce employee absenteeism
due to illness. - Improved Employee Morale: Offering social security benefits can boost employee
morale and satisfaction. - Avoids Penalties: Failing to comply with ESIC regulations can attract penalties from
the ESIC.
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