ESI monthly payment has to be done before 21st of every month and ESIC return have to be completed before 11th May every year for period (November till April) and 11th of November every year for period (May till October). Before starting the procedure for filing the ESI return, an organization / Private Limited Companies / Public Limited Companies / Proprietorship / Partnerships / One Person Company / LLP's with 10 employees and more, with earning Rs 15,000 or less per month as wages, need to register under the ESI scheme.
ESI Monthly Return
ESI return is mandatory to fill biannually, failure of which leads to Govt. penalties. According to ESIC Act, any employee earning less than Rs. 15,000 per month must contribute 1.75% of his/her wage towards the ESI, while 0.75% contribution will be from employer end. The ESI scheme provides great benefits to the employees and has a large network of dispensaries, and hospitals throughout the country for providing fast and efficient medical care.
Supreme Court Decision on ESIC
The Government of India mandates for all organizations / Private Limited Companies / Public Limited Companies / Proprietorship / Partnerships / One Person Company / LLP's to get registered with ESIC (Employees’ State Insurance Corporation (ESIC) under the Ministry of Labor and Employment) if employed more than 10 employees. Registration is a one-time process followed by ESIC monthly payment and ESIC biannual return.