Overview
The Employees’ State Insurance Corporation (ESIC) scheme is a social security initiative launched by the Government of India to provide medical, monetary, and other benefits to employees in case of sickness, maternity, disability, or employment injury. Every establishment employing 10 or more workers (in some states, 20) and paying wages up to ?21,000 per month must register under ESIC and contribute monthly to the fund.
Employers and employees both contribute a fixed percentage of the employee’s wages towards the ESI fund — the employer contributes 3.25% and the employee contributes 0.75%. These contributions are then used to offer a range of benefits including medical care, cash benefits during leave, and dependent benefits in case of death or disability.
Filing ESIC returns is a mandatory compliance requirement. Employers must file periodic returns showing details of employee contributions, wages, and other statutory information. Non-filing or delay in filing ESIC returns can lead to penalties, interest, and even prosecution under the ESI Act. Therefore, timely filing of ESIC returns ensures legal compliance and uninterrupted benefits to employees.
At BizGlobal, we manage your complete ESIC compliance — from registration and contribution calculation to return filing and report generation. Our experts ensure that your organisation meets all ESIC deadlines and requirements accurately and efficiently, so you can focus on running your business while we handle your statutory obligations.
