ESI Registration: A Complete Guide for Employers
What is ESI Registration?
ESI stands for Employees State Insurance, which is a social security scheme for workers in India. ESI provides medical, cash, maternity, disability, and dependent benefits to the insured employees and their family members.
ESI registration is mandatory for employers who have 10 or more employees and whose wages do not exceed Rs. 21,000 per month. ESI registration is also voluntary for employers who have less than 10 employees or whose wages exceed Rs. 21,000 per month.
How to Apply for ESI Registration?
To apply for ESI registration, employers need to follow these steps:
- Visit the official website of the Employees State Insurance Corporation (ESIC) at https://www.esic.nic.in/
- Click on New Employer Registration under the Registration tab.
- Fill in the required details such as name, address, PAN, GSTIN, bank account number, etc., and upload the necessary documents such as proof of identity, proof of address, proof of establishment, etc.
- Submit the online application and pay the registration fee of Rs. 500 through net banking, debit card, or credit card.
- After successful payment, a 17-digit employer code number will be generated and sent to the registered email and mobile number.
- The employer can then log in to the ESIC portal using the employer code number and password and manage the ESI contributions and benefits of the employees.
What are the Benefits of ESI Registration?
ESI registration provides various benefits to both employers and employees, such as:
- Employers can avail tax deductions for the ESI contributions made on behalf of the employees.
- Employers can also avoid penalties and legal actions for non-compliance with the ESI Act and Rules.
- Employees can avail of free medical treatment for themselves and their family members at any of the ESIC hospitals or dispensaries across India.
- Employees can also claim cash benefits for sickness, maternity, temporary or permanent disability, unemployment, and funeral expenses.
- Employees can also enjoy job security and social protection under the ESI scheme.
What are the Documents Required for ESI Registration?
The following documents are required for ESI registration:
- Proof of identity of the employer such as PAN card, Aadhaar card, passport, etc.
- Proof of address of the employer such as electricity bill, water bill, rent agreement, etc.
- Proof of establishment of the employer such as certificate of incorporation, partnership deed, GST certificate, etc.
- List of employees with their names, dates of birth, genders, salaries, etc.
- Bank account details of the employer such as account number, IFSC code, branch name, etc.
- Cancelled cheque or bank statement of the employer
