The Employees State Insurance Act, 1948, paved the way for the establishment of an autonomous corporate body – The Employee State Insurance Corporation, falling under the jurisdiction of Ministry of Labour and Employment, to provide benefits to employees falling under this Act in case of sickness, maternity or any employment injury or otherwise and to make provision for the matters in relation thereto.
The employees get both monetary support and medical support under this scheme -
(ESI) Employees State Insurance Return filing is a self-financing social security and health insurance scheme for Indian workers. ESI Registration is mandatory for employers having 10 or more employee. For all employees earning Rs.15,000 or less per month as wages. The employer must contribute 4.75% and the employee must contribute 1.75% towards ESI. The ESI fund is managed by the ESI Corporation (ESI) according to rules and regulations stipulated therein the ESI Act 1948, which oversees the provision of medical and cash benefits to the employees and their family through its large network of branch offices, dispensaries, and hospitals throughout India. Therefore, ESI return is an autonomous corporation under the Ministry of Labour and Employment, Government of India. Hence, Virtual Auditor can help you obtain ESI registration for your business. All employers having 10 or more employees are required to be registered with Employee State Insurance (ESI) Corporation. Those entities having ESI Registration must then file ESI returns. ESI returns are due half-yearly. Therefore, Virtual Auditor can help file ESI returns for your business. Our ESI experts can also help you computer ESI payments and maintain ESI regulation compliance for your business. Use Remin Due to know more about your due dates for ESI return and ESI payment due date.
|Due Date for ESI payment||On or before 15th of every month|
|ESI Return due date||11th of Nov and 11th of may|