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Read MoreWhat is ESIC?
The Employees' State Insurance Corporation (ESIC) scheme is a government initiative that provides medical care, financial support, and insurance benefits to employees. It covers a range of benefits including medical treatment, maternity leave, disability compensation, and pensions for dependents in case of work-related accidents. After ESIC registration, employers are required to file ESIC returns quarterly, which ensures employees receive their entitled benefits.
Who Needs to File ESIC Returns?
Any employer with 10 or more employees registered under the ESIC scheme must complete ESIC Return Filing twice a year. Employers contribute 4% of the employee's monthly salary to the ESIC fund, which is then used to provide social security benefits.
Importance of ESIC Return Filing
Accurate and timely ESIC Return Filing ensures that:
Employers remain compliant with ESICC regulations.
Employees can access their healthcare, disability, and maternity benefits.
Businesses avoid penalties and legal consequences for non-compliance.
ESIC Return Filing Process
At BizMantra, we streamline the ESIC Return Filing process for businesses. Here's how:
Register on the ESICC portal.
Log in with your employer code.
Enrol employees on the platform.
Review details and download the return form.
Submit the return and maintain the receipt for future reference.
With our expert team, you’ll never miss a deadline, and your filings will always be error-free.
Benefits of ESIC Return Filing
Filing your ESIC returns accurately brings several benefits:
Compliance : Stay compliant with government regulations and avoid hefty penalties.
Employee Benefits : Ensure employees receive timely medical and financial benefits.
Record Keeping : Keep organized records for future audits and reviews.
Transparency : Maintain a transparent system for employee benefits and contributions.
Timely ESIC Return Filing enhances the reputation of your business, demonstrating a commitment to employee welfare and legal obligations.
ESIC Return Filing Deadlines
Employers must complete ESIC Return Filing twice a year :
April - September : Deadline by 12th November
October - March : Deadline by 12th May
Missing these deadlines can lead to legal penalties and interest charges, so timely filing is essential.
Documents Required for ESIC Return Filing
For smooth ESIC Return Filing, keep the following documents handy :
Wage and attendance registers
Form 6
Accident register
Monthly challans
PAN card
Cancelled cheque
