Zippyway

ESIC

We can help you set up your ESIC in the least time while you focus fully in your core business

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    Overview

    Employees’ State Insurance Corporation, a need-based social insurance scheme incorporated under the Employees” State Insurance Act to assure better medical care to the employees or workers and their immediate dependants. The scheme protects the interest of employees during incidents and emergencies which includes maternity, sickness, demise due to employment injury or harm, permanent or temporary physical disablement, and everything that affects the earning capacity.

    Applicability

    The registration of ESIC is mandatory for every employer where the number of employees is more than 10. The application must be moved within 30 days of crossing threshold.

    Benefits Of ESIC

    Financial Incentive

    In the private sector, Central Govt. pays the employers contribution for 3 years

    Medical Care

    Retired and permanently disabled persons and their spouses can also receive good medical care.

    Social Security

    A worker or his dependants who perform last rites receives an amount of Rs 10000/-.

    Skill Development

    Vocation training is given to the employee who became unemployed due to closure of factory.

    Accidental Damages

    Physical rehabilitation is provided to the employee during injury or physical disablement.

    Organized Sector

    Other incentives provided by Government schemes can be availed through by worker in organized sector only.

    Other Information

    Coverage

     

    establishment employing over 10 employees

    Wage Limit

     

    Upto Rs. 21000/- only

    Contribution Rates

     

    Employer - 3.25% of wages Employee - 0.75% of wages

    ESIC Payment and Return

     

    Payment on or before the 21st day of the following month & Half yearly return

    Process of IEC

    PAN Verification

    IEC Certificate

    Filing Application

    Pay Fee

    Documents Needed ESIC

    PAN Card of Entity

    PAN & Aadhaar of Employees

    Address Proof

    Registration Certificate / Deed of entity

    Nominee Details of Insured Person

    Bank Statement of Organization

    Frequently Asked Questions

    Most frequent questions and answers

    Yes Zippyway is an online platform serving all over India no matters wherever you are doing business all you need is internet connection on your mobile or desktop and we are ready to get your job done

    Unlike Limited Company or LLP, there is no need to file the annual return for a partnership firm. However, income Tax Return shall be necessary to be submitted at the end of the financial year and within Due Date of filing. There is no provision of audit under the partnership, Act hence a firm does not require to get its books audited. However, if the turnover crosses 2 Crore, then tax audit is mandatory. Consult with us we will help you.

    No, You don’t need to be physically present for the process Zippyway  is an online catering platform all you need is internet connection in your phone/computer and the required documents with you and we can get the job done no matters even if you are present at remotest location of the India

    No, you will receive final soft copy of IEC certificate over the email

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