ESIC Return Filing & Compliances

ESI Return & Compliances

The Employee State Insurance (ESI) Act, 1948 is a social security and self-financing scheme which benefits the employees by providing them with various health benefits. ESI Scheme gives benefits to both employees and their families. The benefits provided by the ESI scheme include sickness benefit, disablement benefits, medical benefit, reimbursement of the funeral expenses, and several other benefits.

Limit:

The limit is applicable to those establishments having 10 or more employees who draws a monthly-wages up to INR 21,000 earlier it was INR 15,000(INR 25,000 if the Person is disable) has to mandatorily register itself with the Employees’ State Insurance Corporation (ESIC) and provide the ESI benefits to its employees.

Rate:

The rates of contribution are revised from time to time. Currently, the employee’s contribution rate is 0.75% (Earlier it was 1.75%) of the wages and that of employer’s is 3.25% (Earlier it was 4.75%) of the wages paid/payable in respect of the employees in every wage period effective from 01.07.2019.

Time Limit:

Every employer who deducts the ESI amount (including Employee’s and Employer’s contribution) must deposit the amount to the ESIC within 15 days from the last day of the Calendar month in which the contributions is made.

ESIC Return due dates

15th of Every Month Monthly Challan remittance to Bank

15th of Every Month Monthly ESI Returns

11th November ESI 1st Half yearly Returns

11th May ESI 2nd Half yearly Returns

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