Employee State Insurance (ESI) Registration
State Insurance Corporation (ESIC) comes under the Ministry of Labour & Employment. It is created with the intent to provide social security to the employee and his/her family from Medical Treatment & Health Insurance.
Every factory or business which has 10 or more employees at any point of time is required to get ESI registration for the organization. The timeline is 15 days from the date of hiring 10th employee in the organization. ESI applies to the employees having a salary of Rs. 21,000/- per month or less.
An employer is liable for the Penalty of Rs. 10,000/-, If he fails to get ESI registration, or indulges in misleading facts or documentation to avoid ESI, payment or not filing ESI Returns.

Advantages Of Income Tax Return
Risk Coverage
ESI covers the risk due to illness or death forthe employees.
Death/Disability Benefit
In case of the death/disability of the employee at work, 90% of the salary is given to his dependents per month.
Old Age Medical Care
Retiring employees gets Rs. 120/- annually towards old age medical care benefits. The facility also available to the employees opting for VRS/ERS or retiring on account of permanent disability.
Social Security
ESI provides social security to employees. It supports employees and their families in terms of medical treatment & medical insurance.

Funeral Expenses
The family of deceased employee gets Rs. 10,000/- towards funeral expenses.
Sickness Benefit
ESIC provides 70% of the salary to the insured employee on certified sickness for a maximum period of 91days.
Unemployment Benefit
ESIC provides 50% of salary for upto one year and medical care from ESI Hospital in case of the permanent inability due to non-employment, injury, or involuntary loss of employment.
Maternity Benefit
Female employees get paid leave at the time of pregnancy.