ESI Registration in India

ESI scheme was started for Indian workers. A large variety of medical, monetary and other benefits are provided to the workers under the ESI Act from the contributions made by both the employer and the employee towards the ESI scheme. My Financial Advisory is known for ESI Registration in India, which gives a wide scope of ESI Act warning administrations to the customers according to their prerequisites. Our clients can avail of our quality at market-leading prices. We are fully compliant with the Bonus Act, Gratuity Act, Minimum Wages Act, Contract Labor Act, etc.

Our Fee Structure:

  • Market price : 9,000/-
  • MFA Price : 5,499/-

What is the Employees State Insurance Corporation(ESI)?

Employees State Insurance Corporation or ESIC is a self-financed social security and health insurance scheme that provides many other benefits to the employees like medical benefits, sickness benefits, maternity benefits, disability benefits, funeral expenses, free supply of physical assistance, etc. His family.

Units or establishments having at least 10 representatives, who get a salary of Rs 15,000 every month, are needed to be enrolled for ESIC under the ESI Act 1948. The benefits provided by the plan are funded from contributions raised by the covered employees and their employers at a fixed percentage of the salary. As of now, covered representatives contribute 1.75% of pay to ESIC, and covered businesses contribute 4.75% of pay payable to their employees. The state government also contributes 1/8th of the cost of medical benefits. ESI registration in Delhi is done through My Financial Advisory.

Documents Required for ESI Registration

To be submitted by the employer:

  • Certificate of registration or license issued under the Shops and Establishment Act or the Factories Act.
  • Proof of Address: Latest rent receipt of the premises where you are staying, if applicable, indicating the capacity in which the premises are occupied.
  • Latest building tax/property tax receipt (photocopy).
  • Memorandum and Articles of Association/Partnership Deed/Trust Deed based on the entity applying for registration.
  • Photocopy of the certificate of commencement of production and/or registration number of CST/ST (or after GST is implemented).
  • Copy of pan card
  • Proof on the side of the date of the beginning of creation/business/first sale
  • Month-wise employment status, salary, etc.
  • Copy of bank statement

To be submitted by employees:

  • Family photo in duplicate

Benefits of ESI Registration

  • It provides full medical benefits
  • it includes dependents
  • It can be used in various ESI dispensaries and hospitals
  • Any payment made will be reimbursed
  • It takes into account the needs of the disabled
  • Access to medical care in ESI dispensaries/hospitals