EMPLOYEE’S STATE INSURANCE REGISTRATION (ESI)

After the registration ESI Returns have to be filed twice a year. The following documents are required for the filing of the returns: 1. Register of Attendance of the Employees 2. Form 6 – Register 3. Register of wages 4. Register of any accidents which have happened on the premises of the business 5. Monthly returns and challans

Some of the Benefits of ESI Registration are: 1. Sickness benefits at the rate of 70% (in the form of salary), in case of any certified illness certified and which lasts for a maximum of 91 days in any year 2. Medical Benefits to an employee and his family members 3. Maternity Benefit to the women who are pregnant (paid leaves) 4. If the death of the employee happens while on work – 90% of salary is given to his dependents every month after the death of the employee 5. Same as above in case of disability of the employee 6. Funeral expenses 7. Old age care medical expenses

Currently, 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. For newly implemented areas, the contribution rate is 1% of wages of Employee and 3% payable by Employers for first 24 months(w.e.f. 06.10.2016) Employees in receipt of a daily average wage upto Rs.137/- are exempted from payment of contribution. Employers will however contribute their own share in respect of these employees.

A penalty of Rs. 10,000 or the equivalent amount of tax evaded, whichever has a larger value, must be paid by the concerned person if a consignment requiring an e-Way bill is found without one.

An authorised officer may stop the vehicle and request to check the e-Way bill or e-Way bill number either on paper or through the Radio Frequency Identification Device(RFID).