The Employees' State Insurance (ESI) Scheme is a social security and health insurance program in India designed to provide benefits to employees and their families in case of sickness, maternity, disability, or death due to employment-related injuries. Here are the key steps involved in ESI registration and filing returns:
1. Determine Applicability:
Employers with 10 or more employees (in some states, it's 20 or more) are required to register under the ESI Act.
2. Prepare Documents:
Gather necessary documents, including the employer's PAN card, address proof, list of employees, and their salary details. Fill in the online Employer Registration Form and submit it along with the required documents.
1. Determine Contribution:
Both the employer and the employee contribute to the ESI fund. The employer's contribution is a percentage of the employee's salary, while the employee's contribution is a fixed percentage of their salary.
2. Monthly Contribution:
Deduct the employee's contribution and contribute the employer's share along with the employee's share to the ESI fund on a monthly basis.
1. File Monthly ESI Return:
File the monthly ESI return by entering the required information, including the number of employees, their wages, and the amount of contribution.