ESI Registration in Chennai
A comprehensive social security programme known as ESI registration in Chennai offers social protection to workers in the organised sector against illnesses, pregnancies, disabilities, fatal workplace accidents, and medical care for the insured workers and their families.
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Overview of ESI Registration in Chennai
The Employee State Insurance Corporation, an autonomous body under the Ministry of Labour and Employment, Government of India, manages and regulates the Employee State Insurance (ESI) scheme. This scheme was created to provide monetary, medical, and other benefits from the employer to the employee in India. ESI registration in Chennai is a comprehensive Social Security Scheme that provides social protection to employees in the organized sector against sickness, maternity, disablement, death due to employment injury, and medical care for the insured employees and their families.
Benefits of ESI Registration in Chennai
- Tax Benefits: Companies registered under the ESI scheme are eligible for tax benefits. This includes deductions from the taxable income of the employer and employees.
- Medical Benefits: Employees registered under the ESI scheme are eligible for medical benefits such as free medical treatment, hospitalization, and maternity benefits.
- Social Security: Employees registered under the ESI scheme are eligible for social security benefits such as old age pension, disability pension, and family pension.
- Employment Security: Employees registered under the ESI scheme are eligible for employment security benefits such as job security and job retraining.
- Financial Assistance: Employees registered under the ESI scheme are eligible for financial assistance in case of sickness, maternity, or disablement.
- Insurance Benefits: Employees registered under the ESI scheme are eligible for insurance benefits such as life insurance and accident insurance.
Checklist for ESI Registration in Chennai
- Obtain a Digital Signature Certificate (DSC)
- Obtain a Director Identification Number (DIN)
- Apply for ESI Registration
- Submit the required documents
- Receive the ESI Registration Certificate
- Notify the Employees about the ESI Registration
- Make the ESI Contributions on time
- File the ESI Returns on time
- Maintain Records of Employees and Contributions
Documents Required for ESI Registration in Chennai
- PAN Card of the Company
- Address Proof of the Company
- Bank Account Details of the Company
- List of Employees with their Name, Address, Date of Birth, and Salary Details
- Copy of the Memorandum and Articles of Association (MAA)
- Copy of the Partnership Deed (if applicable)
- Copy of the Certificate of Incorporation (if applicable)
- Copy of the Shop and Establishment Registration Certificate (if applicable)
- Copy of the Factory License (if applicable)
Registration Process for ESI Registration in Chennai
- Visit the official website of Employees’ State Insurance Corporation (ESIC) at https://www.esic.in/.
- Click on the ‘Employer’ tab and select ‘Registration’ from the drop-down menu.
- On the next page, click on the ‘New Registration’ link.
- Enter the required details such as name, address, contact details, etc. and click on the ‘Submit’ button.
- You will receive an OTP on your registered mobile number. Enter the OTP and click on the ‘Verify’ button.
- You will be redirected to a new page where you need to enter your PAN number and other details.
- After entering all the details, click on the ‘Submit’ button to complete the registration process.
- You will receive an email with your ESI registration number and other details.
FAQ
What is ESI registration In Chennai?
ESI registration is the process of registering a business with the Employees’ State Insurance Corporation (ESIC). This registration is mandatory for businesses with more than 10 employees and provides them with access to social security benefits for their employees.
Why should an employer register their establishment on the EPFO Employer portal?
An employer should register their establishment on the EPFO Employer portal in order to access a range of services related to their employees’ provident fund. This includes filing returns, making payments, and viewing and managing employee records. Additionally, employers can use the portal to access information about their employees’ provident fund accounts, such as balance and interest rate. The portal also provides employers with the ability to generate reports and view their compliance status.
What is the employee's contribution to ESIC?
The employee’s contribution to ESIC is 1.75% of their monthly wages, up to a maximum of ₹137.50 per month. The employer’s contribution is 4.75% of the employee’s wages, up to a maximum of ₹412.50 per month.