ESI

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 July 2010 ANYBODY CAN EXPLAIN ME ESIC PROCEDURE I.E. WHICH AND WHEN AND HOW THE CHALLAN AND RETURN AND VARIOUS FORM SHOULD BE USED/FILE TO DEPOSIT CONTRIBUTION, FILING RETURNS AND OTHER RELEVANG FORM SUBMISSION PROCEDURE UNDER ESIC ACT AND PROVIDENT FUND FOR PVT. LTD COMPANY'S EMPLOYEE. PLEASE HELP ME IN THIS REGARD ALSO TELL ME WHAT IS THE CURRENT SALARY CRIETERIA FOR THE COVERAGE OF ESIC I.E. RS. 15000 OR RS. 10000

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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27 July 2010 Current ESI limit is Rs.15000 only and you can check the websites

www.epfindia.com and

https://www.taxguru.in/corporate-law/all-about-employee-state-insurance-esic-act-1948.html

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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27 July 2010 current limit for ESI is Rs. 15000/-

Read the below for procedural details :

APPLICATION OF THE ACT

It is applicable to non-seasonal power using factories employing 10 or more persons and non-power using factories employing 20 or more persons.The Scheme has been extended to shops, hotels, restaurants, cinemas including preview theatre, road motor transport undertakings and newspaper establishment employing 20 or more persons.

CONTRIBUTION

The employee’s contribution rate (w.e.f. 1.1.97) is 1.75% of the wages and that of employer’s is 4.75% of the wages paid/payable in respect of the employees in every wage period.

CONTRIBUTION PERIOD AND BENEFIT PERIOD

There are two contribution periods each of six months duration and two corresponding benefit periods also of six months duration as under.

Contribution period
1st April to 30th Sept.
1st Oct. to 31st March

Corresponding Cash Benefit period
1st January of the following year to 30th June.
1st July to 31st December of the year following

ESI RELATED FORMS!!!

FORM 0- EMPLOYERS’ REGISTRATION FORM
FORM 1- DECLARATION FORM
FORM 1 A- FAMILY DECLARATION FORM
FORM 1 B-CHANGES IN FAMILY DECLARATION
FORM 3- RETURN OF DECLARATION FORMS
FORM 6- RETURN OF CONTRIBUTIONS

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