ESI PF registration
Employee state insurance is a scheme started by the Government of India to offer workers medical monetary and other benefits. It is managed by the autonomous authority, the employee state insurance corporation that lies under the Ministry of Labour and employment jurisdiction. ESI PF consultant, Suggests that any company that has more than ten employees should have ESI.
The number of employees is 20 in some states. For employees earning more than 21,000 per month featuring basic salaries and the dearness allowance, the insurance would be deducted from the pay. Additionally, taxpayers with a turnover of fewer than 1.5 crores can go for the composition scheme to eliminate the challenging GST formalities.
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Documents required for ESI registration
To register under esi, the employee needs to submit the following documents like
- Address proof
- PAN card copy
- Registration certificate
- Bank statement copy in an excellent photocopy of the last building tax
- Certificate of commencement of production.
Benefits of ESI PF registration services,
ESI PF challan submission service has amazing benefits, and you can understand them by hiring us.
Medical benefit
Registered ESI members and their families are entitled to enjoy the benefits of full medical care insurance from the first day of employment.
Maternity help
Pregnant women can get maternity benefits which are payable at least 26 weeks. The time can be extended by 30 days on medical advice. Employers are required to contribute the wages for 70 days in 2 contribution terms to qualify for the maternity benefits.
Disability benefits
Disabled employees get around 90% of their monthly salaries as disablement benefits.
Dependent benefits
The dependence of deceased will receive 90% of the monthly salary in the unfortunate events of the demise of the employee during the employment terms.
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Employees state insurance corporation registration process.
Form filling
The ESI registration form will be filled you, and the essential documents will be submitted.
Verification
All the details you provide will be cross-checked to ensure no errors. This might take around 12 days maximum.
Submission
Besides other legal work, the submission would be done by our experts in 2 days.
Your part of the ESI registration will be completed at this point, and the government will review the application and process the registration. Once granted, we will give you the 17-digit identification code number, employee insurance number and temporary identity card.
Eligibility covered under ESIC registration
All the establishments are under ESI registration, provided they have the required number of employees in that state. The entities covered include
- Shops movie
- theatres
- Cinemas
- Medical institutions
- Hotels or restaurants
- Newspaper establishments
- Roadside motor transport establishment.
The general rule to be eligible for employee state insurance registration is to have at least ten or more employees. But in some cases, ESI is only applicable if there are more than 20 employees. Other than that, you have to ensure that the employee gets a gross salary of up to 21,000 monthly. The business must be registered with EPFO, and their contribution to ESI is around 6.5%, where 4.75% is to be contributed by the employer and 1.75% by the employee.
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