ESI Return

ESI Return

Like Provident Fund, Employees' State Insurance is also one of the popular social security schemes for employees.

Almost all private limited businesses have to obtain registration under the ESI Act, 1948. Otherwise, they are liable to face punitive action soon. Thus, you must also comply with the provisions of the ESI Act.

Employees' State Insurance (ESI) is a self-financing social security scheme and health insurance scheme for Indian employees, which provides medical and disability benefits. Regulated by the ESI Act, 1948, it is regulated by the Employees' State Insurance Corporation (ESIC) which comes under the Ministry of Labor and Employment.

ESIC is expected to monitor the fund in accordance with the rules and regulations indicated through the Act.