Accounting
LLP vs Pvt Ltd – Which Business Structure is Right for You?
Introduction Choosing the right business structure is crucial for long-term success. Two of the most popular structures in India are the Limited Liability Partnership (LLP)
Employee State Insurance (ESI) Registration is compulsory for establishments with over 10 employees earning a monthly wage of up to ₹21,000. Registration is done with the Employees’ State Insurance Corporation (ESIC), which offers medical and financial benefits to eligible employees. Once registered, each factory or establishment receives a unique 17-digit identification number under the ESI Act.
What is ESI Registration
The Employees’ State Insurance (ESI) Scheme is managed by the Employees’ State Insurance Corporation (ESIC), an autonomous body under the Ministry of Labour & Employment. This social security initiative provides comprehensive socio-economic protection for employees in registered establishments. Benefits include medical care, sickness, maternity, disability, and other welfare support for employees and their dependents. The scheme is self-financed, with contributions from both employers and employees. Employers liable under the ESI Act must complete registration online via the official government portal.
Check whether your entity is covered under ESIC:
(having more than 10 employees)
Why Get ESIC?
The scheme ensures medical care and treatment for the insured employee and their family members whenever needed. These benefits are provided in kind through ESIC Model Hospitals (except in Delhi) and are not linked to the employee’s wages or contributions.
This benefit is specifically designed for pregnant women, providing maternity leave benefits for up to 26 weeks, which may be extended by an additional 30 days based on medical advice. To be eligible, the employee must have contributed wages for at least 70 days in the two preceding contribution periods.
Employees with disabilities are eligible to receive disablement benefits amounting to 90% of their monthly wages, providing financial support for their livelihood.
Employees can claim sickness benefits equal to 70% of their monthly wages for up to 91 days in a year if they are absent from work due to illness.
In the event of an employee’s sudden death during employment, their dependents are entitled to 90% of the deceased’s monthly salary as financial support.
Employees with disabilities are eligible to receive up to 90% of their monthly salary as disablement benefits.
Download a FREE Document Requirement Checklist for FSSAI License/FSSAI Registration
We are a team of qualified Company Secretaries and Chartered Accountants who personally cater to your queries. We also have tie-ups with various affiliates in different cities of the country to help you obtain your FSSAI Registration very smoothly. The entire process is managed online with regular communication while providing required assistance at every step. This ensures the highest customer satisfaction and on-time service to our clients all over India.
At SubmitReturn.com, our team of experts ensures a streamlined and hassle-free process to help you obtain your FSSAI License quickly and efficiently. Start your FSSAI registration journey with us by:
In compliance with the Notification published in the Gazette of India dated 6.10.2016, the rates of employer’s and employee contribution for the initial twenty-four months from the date of implementation of the Act are subject to the following:-
(a) Employer’s contribution – A sum (rounded to the next higher rupee) equal to 3% of the wages payable to an employee; and
(b) Employee’s contribution – A sum (rounded to the next higher rupee) equal to 1% of the wages payable to an employee.
Introduction Choosing the right business structure is crucial for long-term success. Two of the most popular structures in India are the Limited Liability Partnership (LLP)
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Get the social security and health insurance for your employees with ESIC