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ESI Compliance

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Rs. 9999

This package includes Consultation and ESI Returns.


Rs. 20999

This package includes Consultation, ESI Returns and GST Return (GSTR-1 or 3B).


Rs. 30999

This package includes Consultation, ESI Returns, GST Return (GSTR-1 or 3B) and Bookkeeping & Accounting


Rs. 62999

This package includes Consultation, ESI Returns, GST Return (GSTR-1 or 3B), Bookkeeping & Accounting, Income Tax Return & Financial Statement, Payroll and ESI & PF Return.

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ESI Compliance

Employee State Insurance (ESI) is a social security and health insurance scheme for the employees. It is mandatory to register under ESI for business entity having 10 or more employees.

Every employer covered under this act has to comply with various complianceslike deposit of monthly contribution, in order to file half yearly return and report to ESIC authorities if there is any change in business activity, address & ownership.

ESI Contribution

ESI contributions must be made by the employer for all employees having gross salary of up to Rs. 21,000 per month. The employer must contribute 3.25% and employee 0.75% of the wages for ESI.

Periods of contribution

The financial year from April to March has been divided in to two six monthly contribution periods as follows:

  • 1st April to 30th September
  • 1st October to 31st March

The relevant period of benefit corresponding to each period of contribution commences three months after the end of that contribution period i.e. Jan to June and July to December

Records to be maintained for ESI Compliance

  • E-pehchan of Employees
  • Muster Roll and Wages Register
  • Challans and Returns
  • Accident Register in Form-11
  • Inspection Book
  • Bank Statements, Books of Accounts with supporting
  • The immediate employer (Contractor) is also required to maintain the Employee’s Register for the employees deployed to the principal employer

Consequences of Non-Payment or Late Payment of Employees’ Contribution

Non-payment or delayed payment of the Employee’s contribution deducted from the wages of the employee amounts to ‘Criminal Breach of trust’ is punishable under IPC Section(s) 406, 409 and also an offence u/s 85 (b – g) of ESI Act.

Non-payments, delayed payments, or falsifying payments under ESI Act may attract imprisonment for a period extending up to 2 years and fine up to Rs 5,000. The Corporation may levy and recover damages as per the Regulations, at the following rates, not exceeding the amount of contribution payable for default or delay in payment of the contribution.

Period of Delay
Rate of Interest in % p.a.

Rate of Damages in % p.a.

Less than 2 months
12
5
2 to 4 months
12
10
4 to 6 months
12
15
6 months and above
12
25
  • Period of DelayLess than 2 months
  • ROI in % p.a.12
  • ROD in % p.a.5
  • Period of Delay2 to 4 months
  • ROI in % p.a.12
  • ROD in % p.a.10
  • Period of Delay4 to 6 months
  • ROI in % p.a.12
  • ROD in % p.a.15
  • Period of Delay6 months and above
  • ROI in % p.a.12
  • ROD in % p.a.25

Standard Other Registrations or Licences We Provide

PAN Registration

A PAN or Permanent Account Number is an important document all taxpayers must possess, as mandated in the Income Tax Act of 1961.

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Trademark Registration

A trademark is a unique symbol or word(s) used to represent a business or its products. Once registered, that same symbol or series of words cannot be used by any other organisation, forever, as long as it remains in use and proper paperwork and fees are paid.

Learn More
Shops & Commercial Establishment Registration

Shop act registration is to be taken compulsorily to start business establishment. Details of personal employed are to be given on yearly basis.

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Professional Tax Registration

Professional Tax Registration is levied by Municipal Corporations of various states in India. People who carry the profession such as CA (Chartered Accountant), Lawyers, Doctors, Business Owners etc need to pay these taxes. The owner of a business is responsible to deduct professional tax from the salaries of its employees.

Learn More
Udyog Aadhar (MSME) Registration

MSME Registration helps you to receive payment on time from large companies as they have to pay MSME Vendor within 45 days. Plus, you get benefit at the time of taking a loan in form of concessional rate of interest.

Learn More
GST Registration

Any person or entity supplying goods or services in India above the aggregate turnover limit (INR 20L for Service and INR 40L for Goods) is mandatorily required to obtain GST registration. For certain businesses such as Interstate Supply, E-Commerce Operators registration under GST is mandatory irrespective of turnover limit.

Learn More
TAN Registration

The Tax Deduction and Collection Account Number (TAN) is required for people who are deducting or collecting tax at source. Anyone paying a salary or commission is required to get a TAN.

Learn More
FSSAI Registration

Every food business operator (FBO) involved in the manufacturing, processing, storage distribution and sale of food products must compulsorily obtain FSSAI Registration or License. FSSAI Registration is different from FSSAI License in the sense that depending on the size and nature of the business, FBO should obtain the necessary registration or license.

Learn More

Find the Perfect Price
for ESI Compliance
(All Taxes Inclusive, Transparent Pricing)

Plan feature

Basic

Plus

Pro
₹ 9999 ₹ 20999 ₹ 30999
Features
Consultation
ESI Returns
GST Return (GSTR-1 or 3B)3

3 months up to 30 entries3
Bookkeeping & Accounting

3 months up to 350 entries
Income Tax Return & Financial Statement6
Payroll
ESI & PF Return
 


Disclaimer:
    • ESI is applicable on minimum 10 employees and whereas PF on 20 employees. PF can be opted under voluntary scheme even if the employees are less than 20.
    • Above packages are applicable where the annual turnover is below Rs. 50 lakhs in Service based business and Rs.1 crore in case of Goods.

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