
ESI Registration Chennai
Employee State Insurance or ESI is a plan that was initiated in the Government of India to offer financial, medical, and other benefits to employees. ESI is administered by an independent authority named Employee State Insurance Corporation which is under the supervision of the Ministry of Labour and Employment.
According to law, any business that employs greater than 10 staff members legally requires ESI. In certain states, the minimum number of workers is set at 20. If employees earn more than 21,000 rupees per month, including basic wages as well as the dearness allowance the insurance will be taken out of their wages.
Additionally, taxpayers who have an annual turnover lower than Rs1.5 crore may opt for the composition scheme to be free of tax-related formalities that are tedious as well as pay the GST on a set rate per turnover.
Registration Procedure for ESI:
If you select Genuine Tax to register for ESI Registration, we complete the registration in three easy steps that will take you the shortest time possible.- ESI registration form must be filled in by you fully and the required documents be provided
- All information you provide is checked against the other to make sure there aren't any mistakes or omissions. This could take a minimum of 12 days
- In the case of the ESI application, along with the other legal documents are completed by us and take two working days.
The part you have to fill out for the ESI registration is complete at this moment. The government evaluates your application and approves the registration. After approval, Genuine Tax sends you:
- This 17-digit code is a unique identification
- Insurance number for employees
- Identity card for temporary use
The standard rule for being qualified to be eligible for ESI (Employees' State Insurance) registration is at least 10 workers. In some areas, ESI is applicable only when there are more than 20 employees.
Other eligibility requirements that have to be met include:
- Anyone whose pay is not exceeding Rs 21,000 per month is eligible to take advantage of this offer with the help of their employer
- The establishment that is registered with EPFO
- The contribution to ESI is 6.5 percent of the gross salary. It is split into:
- 4.75 percent by the employer
- 1.75 percent by the employee
- For industrial facilities in which there is a risk of injuries or health problems in the workplace
Documents needed to register online ESI Registration
To be able to apply as an ESI employee, ESI the employer needs to provide the following documents with the application
- Registration certificate or license is issued by the - Shops and Establishments Acts/Factories Act
- Address proof
- Rent receipt from the property that is in use, and mentioning the property's capacity
- A copy of the PAN card
- Bank statement copy
- Photocopy for building tax or property tax receipt.
- Memorandum and Articles as well as Partnership Deed or Trust Deed according to the entity applying for the trust
- Photocopy of the registration
- Certificate of the date of commencement of production
- Registration No. of CST/ST/GST