What are the advantages of registering with ESIC? Top Worked PF ESIC Consultant in Ahmedabad by Payroll Services Provider in India.
There are several advantages to signing up for this program. Among them are:
70% sickness benefits (in the form of pay) are provided for any certified illness that lasts for no more than 91 days in a given year.
Benefits for employees' and their families' health
Maternity Benefits for Expectant Mothers (paid leave)
If an employee passes away while working, his dependents receive 90% of his wage each month following the person's passing.
The same as previously said in the event of an employee disability
Funeral costs
Medical costs associated with elder care
Registering and Submitting Returns
The following procedures must be followed by an employer who qualifies for registration under the Employee State Insurance Act 1948 ("Act"):
All documentation must be kept on hand for reference by the employer.
The next step is for an employer to submit Form 1, which may be found on the ESIC website in PDF format.
Note: After confirming all the information, ESIC will provide a unique 17-digit number. Every file needs this special number.
Top PF ESIC Consultant in Ahmedabad by Payroll Services Provider in India. After the employer submits the paperwork with all the necessary information, each employee will receive an ESI card.
Documents needed to register for ESI
PAN card for the company.
Take care of the proof of business.
The license was acquired in accordance with the Factories Act or the Shop and Establishment Act.
Articles of Association, a memorandum for a corporation, a partnership deed for a partnership, and a limited liability partnership are the fundamental papers needed depending on the kind of entity.
Information on each shareholder, partner, and director.
Information on each employee, including their pay.
Bank account information.
Once the establishment has been successfully registered, the employer can file returns online.
The employer must adhere to the steps listed below in order to submit ESI returns online:
After registering, the login information will be accessible. The online return filing process will also require the same.
The employer needs to access the official website, www.esic.nic.in, after obtaining the login credentials.
He may use the credentials to log in, and a list of activities is displayed. For example, update personnel information, file an accident report, and so forth.
The employer must first confirm that all employee information is current before filing the return.
The bank information must then be completed and sent by the employer in order to file the taxes.
The employer can then select "List of Actions" and "Generate Challan."
-For future use and inspections, the challan has to be downloaded and recorded.
After registration is complete, how many returns are filed annually?
Following registration, ESI returns must be submitted twice year. The following paperwork is needed in order to file the returns:
Form 6-Registration of Wages and Employee Attendance Register
A record of any accidents that have occurred on the company's property
Challans and returns every month.