File ESI Return

File ESI Return

ESI Return

Employee's State Insurance (ESI) Act is social security legislation and provides for the health insurance scheme for Indian workers. ESI Registration is obligatory for employers having 10 or more worker. For all employees having an income of Rs.21, 000 or less per month as wages, the company should contribute 4.75% and the worker should contribute 1.75% towards ESI. [The employers’ contribution to the ESI Act has been decreased to 3.25 % from 4.75 % and the employees’ contribution has been decreased to 0.75 %  from 1.75 %. The new rates will be effective from July 1, 2019]. The ESI fund is overseen by the ESI Corporation (ESI) as per standards and regulations stipulated therein the ESI Act 1948, which administers the provision of medical as well as cash benefits on the way to the workers and their family through its large network of branch offices, dispensaries, and hospitals all over India. ESI is an autonomous body under the Ministry of Labour and Employment, Government of India.

Each and every employer having 10 or more workers is required to be registered with Employee State Insurance (ESI) Corporation. Those entities having ESI Registration should then file ESI returns. ESI returns are due half-yearly.

We at eStartIndia provide meticulous assist our clients to obtain ESI registration for their business.

ESIC’s registered organizations require filing their return annually. In which they need to show every one of the changes done during the previous year. They additionally need to submit the ESI contribution paid, once in every 6 months, its contribution period is 1st April to 30th September and 1st October to 31st March, which needs to be submitted towards the nearest branch office or ESI regional commissioner in form no. 5.

The last date of submission of ESI return is within 42 days from the end of half year period that would be 11th November for period April to September and would be 11th May from October to March.

ESI scheme also gives benefits to the workers and has a large network of dispensaries as well as hospitals all over the country for providing fast and competent medical care to the workers.

Payment of contribution through system generated challans has been started from December 2010 by ESI (Employee State Insurance) Corporation. Every company needs to pay his contribution from wages bill and must pay this contribution at given rates by the ESIC towards the designated branches of SBI and some other banks to receive the payment on its behalf.

An employer could fill the return of contribution through the Employee State Insurance corporation’s website through following the process:-

  • Every employer is given a unique code of 17 digits which is given at the time of registration. The same can be used as user id and password.
  • Select the monthly contribution section on the home page and go to view the regional commissioner and select it.
  • After filling each and every detail of the workers, paid contribution by the employer along with the wages detail would be displayed on the screen.
  • Make the payment of contribution for any worker if any, Then supplementary challans have to generate through using the modify challan option under the section of a monthly contribution.
  • Miscellaneous challan has to be created by the amount of whose payment is to be made on the omitted wages (not related to identifying).
  • Then click on self-certification under the monthly contribution section. Please select the declaration and click the submit button. If you are employing forty or more employees, please upload chartered accounts certificate before clicking on the submit button.

If any payment is not made by any employer in any of the months in any of two periods for which they are requisite towards submitting the return of contribution in physical form towards the concerned branch office or Employee state insurance regional commissioner.

The Penalties

An employer who fails to pay the contribution within the due date shall be liable to pay simple interest at the rate of 12% per annum for per day of the default or delay in payment of contribution.

We at eStartIndia provide meticulous assist our clients to correctly file the ESI Return as per the Laws.

eStartIndia is the professional tech-based online and legal services which help the clients to simplify the procedures of the ESI Return and any additional legal compliances and services related to the business in India.

Get free Consultation services for any registration with Our Top skilled Experts. Visit our website www.estartIndia.com.


eStartIndia Team

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