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The Employee State Insurance Corporation (ESIC) is a social security scheme providing benefits such as medical, sickness, maternity, and more to employees. ESIC registration is mandatory for companies employing 10 or more employees, and periodic returns must be filed to stay compliant.
To apply for ESIC registration in India, follow these steps:
ESIC is a self-financing social security and health insurance scheme for Indian workers. It provides medical, sickness, and disability benefits to employees covered under the scheme.
The key benefits include medical care, maternity benefits, sickness benefits, and compensation for injuries or disabilities.
ESIC is applicable to employees earning wages of ₹21,000 or less per month in an organization that employs 10 or more employees.
To file an ESIC return, employers must submit the details of employees, wages, and contributions online every six months via the ESIC portal.
Non-compliance with ESIC registration and return filing can result in fines and penalties, including back payments of contributions with interest.
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