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Secure Your Workforce's Future with TeamCSP's Hassle-Free ESIC Registration

Secure your workforce’s future by availing of hassle-free ESIC registration services from TeamCSP. Our expert guidance and support can help you apply for ESIC registration with ease, ensuring compliance with government regulations.

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An Overview

What is ESIC?

ESIC stands for Employee State Insurance Corporation, which is a self-financing social security and health insurance scheme for Indian workers. It provides benefits like medical, maternity, disability, and unemployment insurance to employees earning up to Rs. 21,000 per month working in non-seasonal factories, businesses, and establishments.

The scheme aims to provide financial assistance to workers in times of medical emergencies and safeguard their health and welfare. The employer contributes to the ESIC on behalf of the employee, and the employee also contributes a percentage of their salary towards the scheme.

ESIC is mandatory for employers to register their employees and contribute to the scheme to ensure their employees’ well-being. Employers who do not comply with ESIC registration are subject to legal penalties and fines.

Who Needs ESIC Registration?

  • ESIC registration is mandatory for employers and employees covered under the Employees’ State Insurance Act, of 1948.
  • It applies to all factories and establishments with at least 10 employees.
  • It also applies to shops, hotels, restaurants, cinemas, road transport undertakings, and newspaper establishments with at least 20 employees.
  • The registration is mandatory for employees earning up to Rs. 21,000 per month and is done by the employer on behalf of the employee.
  • The employer must contribute 4.75% of the employee’s wages towards ESIC, and must contribute 1.75% of their wages towards ESIC.
  • ESIC registration provides various benefits to employees, such as medical benefits, sickness benefits, maternity benefits, and disability benefits, among others.

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Required documents for registration

  • PAN card of the business or employer
  • Bank account details of the business or employer
  • Address proof of the business or employer
  • Memorandum of Association (MOA) and Articles of Association (AOA)
  • List of employees with their salary details
  • Registration certificate of the business or employer
  • Partnership deed (if applicable)
  • Certificate of commencement of production or business (if applicable)
  • Aadhaar card and photograph of the authorized signatory

Why TeamCSP is the Best Choice for a Smooth ESIC Registration Process?

If you are looking for a smooth ESIC registration process, then TeamCSP is the best choice. Our experienced professionals provide hassle-free services to ensure that you get your ESIC registration done without any complications. We help you with every step of the registration process, from documentation to filing the application. With our expertise in the field, we make sure that your registration is completed accurately and on time. Plus, our cost-effective solutions ensure that you get the best value for your investment. Trust TeamCSP to secure your workforce’s future with our hassle-free ESIC registration services.

ESIC Registration Process

  • Visit the ESIC website and register for a new employer code.
  • Obtain the employer’s registration certificate from the ESIC.
  • Obtain the ESIC IP (Insurance) number for all eligible employees.
    Verify and submit employee details and ESIC contributions.
  • Download and print the temporary ESIC card for new employees.
  • Submit the monthly contribution payment to the ESIC.
  • File annual returns and keep records up-to-date to avoid any legal issues.

(Note: These steps may vary depending on the specific requirements and regulations of the state or union territory in which the business is located.)

Frequently Asked Questions

Any establishment or company with 10 or more employees is eligible for ESIC registration.

ESIC registration provides medical and monetary benefits to employees in the case of sickness, injury, or disability arising out of employment.

Documents required for ESIC registration include a PAN card, incorporation certificate, address proof, and employee details.

No, only companies with 10 or more employees are eligible for ESIC registration.

The contribution rate for ESIC is 4% of the employee’s gross salary, with the employer contributing 3.25% and the employee contributing 0.75%.

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