Every organisation is required to get itself registered under the ESI Act, if any of the following conditions are met:
The existing wage limit for coverage under the Act is Rs. 15,000/- per month. Both the employer and employee shall need to contribute under the said scheme. Following are their contributions:
Obtaining all the relevant documents from the client.
Preparation and review of the application to be filed for registration.
Submission of document along with the filled application with the Authority.
Obtaining the certificate of registration of the organisation.
– Yes, every organisation meeting the requirements for registration shall need to mandatorily get itself registered under the ESI Act.
– Employees’ Contribution –1.75% of the Wages
Employers’ Contribution –4.75% of the Wages
– Employee having wages upto Rs. 15,000 p.m. shall be governed by the provisions of the ESI Act.
– Any establishment which has been covered under the Act once shall continue to be governed by the Act even if the number of persons employed therein at any time falls below the threshold.
– The due date of payment of PF to the credit of the Government is 21st of the succeeding month.
– An employer who doesn’t pay the contribution within the time limit, will be liable to pay simple interest at the rate of 12% per annum for each day of default or delay in payment of contribution.