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ESI (Employee State Insurance) is a scheme introduced by the Government of India to provide social security and health insurance benefits to employees working in India. The ESI scheme is applicable to organizations that employ 10 or more employees. ESI registration is mandatory for such organizations to avail of the benefits of the scheme.
The ESI registration process involves submitting an application form along with necessary documents. Once the application is processed, a unique 17-digit identification number is issued to the organization. ESI contribution is calculated based on the employee’s gross salary and is shared by the employer and employee.
ESI registration provides employees with benefits such as medical care, sickness benefits, maternity benefits, and disability benefits. Employers benefit from reduced attrition rates, improved employee morale, and compliance with labor laws.
Our services for ESI registration include assistance in filling the application form, document verification, and submission, tracking the application status, and resolving any issues that may arise during the registration process.
ESI registration ensures that employees are provided with social security benefits such as medical care and disability benefits in the event of injury or illness arising out of or during their employment.
Registering for ESI is mandatory for employers with 10 or more employees. Compliance with ESI regulations ensures that the company operates in accordance with the law, avoiding legal and financial penalties.
ESI registration can help employers reduce their costs of providing medical care and other benefits to employees, as the ESI scheme provides cost-effective benefits to employees.
ESI registration can be a competitive advantage for companies looking to attract and retain skilled employees. Providing social security benefits such as medical care can make a company more attractive to prospective employees and help to reduce turnover.