What is ESI registration?
Employee State Insurance (ESI) registration is a mandatory compliance requirement for businesses in India, governed by the Employee State Insurance Corporation (ESIC). This scheme provides social security and health insurance benefits to Indian workers earning a specified monthly wage, typically extending to their dependents. Depending on the business type and location, it applies to companies with 10 or more employees.
our team of experts is dedicated to assisting businesses in navigating the complexities of ESI registration. With our comprehensive understanding of regulatory requirements and a client-centric approach, we ensure a seamless and hassle-free registration process for your establishment, securing the wide-ranging benefits of the ESI scheme for your employees.
ESI Scheme
ESI (Employee State Insurance) operates following the ESI Act of 1948. It is a government scheme designed to provide social security benefits to workers. The administration of this scheme falls under the purview of the Employee State Insurance Corporation (ESIC). Employers must formally register their establishments with ESIC and furnish worker details for inclusion in the program.
Complying with the intricate regulations stipulated by the government can pose a significant challenge for employers. IndiaFilings' ESI experts are available to assist you with these matters.
Definition and Scope of Establishments Under the ESI Act
The Employee State Insurance (ESI) Act categorises an establishment as any organised entity involving men or women, regardless of its physical location. This includes retail outlets and commercial shops, which are mandated to enroll in the ESI scheme if they employ 10 workers or 20 in certain states, provided these employees earn up to Rs. 21,000 per month, or Rs. 25,000 for individuals with disabilities.