ESI Registration in Paintepur

Employee State Insurance (ESI) Registration in Paintepur

ESI Registration in Paintepur is one of the most reliable schemes run by the Government of India, covering all risks of employees working in the organised sector. It is managed by the Employee State Insurance Corporation (ESIC). Any entity employing 20 or more persons (10 in some states) who have a maximum salary of ₹21,000/month must register under this scheme.

ESI is a multi-dimensional social security scheme providing socio-economic protection to employees earning ₹21,000 or less per month against sickness, maternity, temporary or permanent physical disablement, and death due to employment injury resulting in loss of wages or earning capacity.

ESI Benefits for Employees

Employees registered under the ESI scheme can avail the following benefits provided by ESIC:

ESI Compliance in Paintepur

Every employer covered under the ESI Act is required to comply with various compliances monthly contribution deposits, half-yearly return filings, and reporting changes in business activity, address, ownership or management.

Records to be Maintained by Registered Employer

• Attendance and Wages Registers Must contain all information since an employee joined the organisation. The employer must present reliable data to avoid legal consequences.
• Form 6 Register Depicts all data relating to the payment of contributions by the employer. This is a mandatory record under the ESI Act.
• Inspection Books Must be maintained to have complete information regarding inspection reviews of the organisation by concerned experts.
• Accident Register Crucial record as the benefit amount an employee is entitled to depends on accidents encountered during employment.
• Monthly Challans and Returns Files containing all monthly challans, returns, P&L accounts, cash books, balance sheets and all bill vouchers must be maintained.

PF Registration in Paintepur

All establishments with 20 or more persons are required to register under the PF (Provident Fund) Department. Some establishments with fewer than 20 employees may also be required to obtain PF registration if specified by the government. All employees become eligible for PF from the commencement of employment the onus of deduction and payment is with the employer.

• The employer must pay their contribution and deduct employees’ contribution from wages and deposit with the PF department by the 15th of each month. Payment can be done online on a monthly basis.
• The registered entity must file monthly returns on the 25th of each month. A final PF return is due on the 25th of April for the year ended 31st March.

Common Documents Required for All Entities

• First sale bill
• First purchase bill of raw material and machinery
• GST Registration Certificate (if registered)
• Banker’s details name, address, branch, IFSC code
• Record of monthly strength of the number of employees
• Salary and PF Statement
• Cross cancelled cheque
• Register of salary and wages, all vouchers, all balance sheets from day one to current date of provisional coverage