Process of Registration by Taxhub
Upload the basic Documents
Choose your Requisite plan and pay the Fees
Taxhub will Prepare
the Return
Taxhub will Upload Requisite Documents
Get your Acknowledgement
What is a ESI Return?
Employees' State Insurance (ESI) is self-financing social security and health insurance scheme for the Indian Workers, which is an autonomous corporation governed by Ministry of Labour and Employment.
This Fund of ESI is managed by Employee State Insurance Corporation (ESIC) and its rules regulations. All entities registered under ESI registration must file ESI returns which is due half yearly.
The ESIC is applicable on all the establishments having 10 or more workers and is beneficial to all the employees earning Rs.21, 000/- or less per month as wages, employer must contribute 4.75 percent and employee must contributes 1.75 percent towards ESI.
Types of ESI Return
Monthly Returns (before 15th):
Every organization who is registered under ESIC must have to file its monthly return on or before 15th of subsequent month.
Annual Return
Every ESI registered Companies have to file their return half-yearly and annually returns. They have to mention all the changes made during the year. They also have to submit the ESI contribution paid every half yearly, the period for contribution is 1st April to 30th September and 1st October to 31st March, which has to be given to the nearest branch office or ESIC regional commissioner.
The ESI return is to be filed within 42 days from the end of half year period which is 12th November for period April to September and 12th May from October to March.
ESI scheme provides benefits to the employees and has a large network of dispensaries and hospitals throughout the country for providing fast and efficient medical care to the employees.
Basic Key Points of ESI Return Filing
• ESI Return Due Date
This is the date by which you have to submit the ESI which you will deduct from your employees’ salary. This has to be done on or before the 15th of next month. i.e., if you want to deposit ESI contribution for the month of June, then it has to be done on or before the 15th of July.
• Interest on ESI Delay Payment
An employer who does not pay the contribution within the time limit shall be liable to pay simple interest at the rate of 12% per annum for each day of the default or delay in payment of contribution.
1,999/-
All Inclusive Fees
| (Upto 20 Employees) |
| ESI Return Filing |
| Assistance in ESI calculation and payment |
2,999/-
All Inclusive Fees
| (Upto 30 Employees) |
| ESI Return Filing |
| Assistance in ESI calculation and payment |
4,999/-
All Inclusive Fees
| (Upto 50 Employees) |
| ESI Return Filing |
| Assistance in ESI calculation and payment |
| Customized package available for more than 50 Employees |
Benefits of ESI Return Filing in India
One of the main objectives of taking this form of registration is medical benefits to employees and workman. If any sickness or other contingency is experienced by workforce, then the same can be availed immediately by an affected worker
Benefits under this system can be availed easily at any hospital or health care centre. All payments which are used under this system can be compensated
Disability Benefits are also covered as a part of this scheme. In an unforeseen event in a permanent disability or the death of the employee, this can be claimed by the dependants of the employee
Through the ESIC registration, all employees would be offered different form of sickness benefits. These benefits are offered at a rate of 70% of the salary of the employer. This amount would be considered and provided if the sickness extends over three consecutive months or 90 days
Every organisation taking up this scheme would have to provide maternity benefits such as maternity leave during pregnancy
The ESI registration scheme was brought out as a social security provided by the government. Through this scheme, social security features such as maternity benefits, sickness allowance and other related benefits are provided
Shares of a company are movable property and thus can be transferred like any other property. A public company can freely transfer its shares, but there are some restrictions.
The goods and services tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted.
