Meaning of ESIC Code Suspension ESIC code is a unique number allotted to each registered establishment. Suspension means temporary deactivation of this code by the authority. It halts the employer’s ability to remit contributions. The suspension affects access to...
Understanding ESIC Remittance ESIC remittance refers to the monthly payment of employer and employee contributions. Tracking ensures that contributions are paid accurately and on time. Both employer and employee can verify the remittance records. Proper remittance...
Latest ESIC Contribution Rates The current contribution rate is 4.00% of gross wages. Employer contributes 3.25% and employee contributes 0.75%. This rate has been effective since June 1, 2019. The rate applies uniformly across all eligible establishments. No change...
Employee-related records Employee declaration forms (Form 1) filled during registration under ESIC. Photocopies of Aadhaar, PAN, and address proofs submitted at the time of joining. e-Pehchan cards or IP numbers issued to employees. Joining letters, appointment...
Purpose of the ESIC wage register The ESIC wage register is a mandatory record maintained by employers to track the wages paid to employees and the ESIC contributions deducted and deposited. It serves as evidence of wage computation, employee eligibility, and...
Definition and purpose The ESI Return Register is a statutory document maintained by employers to record all relevant information about employee contributions, wages, and ESIC compliance. It acts as a proof of monthly return filing and helps in tracking ESI...
Purpose of the grievance redressal system The ESIC grievance redressal process is designed to address and resolve complaints related to services, benefits, compliance, and registration. It provides a formal mechanism for insured persons, employers, and dependents to...
Definition and purpose Dependent benefits under the Employees’ State Insurance (ESIC) scheme refer to monthly financial support provided to the dependents of a deceased insured person. These benefits are granted when the death occurs due to an employment-related...
Collect updated bank information from the employee Request the employee to provide the new bank account number and IFSC code. Ensure the account is active and belongs to the insured person only. Collect a cancelled cheque or passbook copy as documentary proof. Confirm...
Current salary threshold for ESI coverage The current salary limit for coverage under the Employees’ State Insurance (ESI) scheme is ₹21,000 per month. This limit applies to an employee’s gross monthly wages, including allowances. For persons with disabilities, the...