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The employees’ State Insurance Act, 1948 aims to provide certain benefits to employees in case of sickness, maternity and employment injury. Every employer to whom the provisions of ESI, Act applies shall remit the ESIC employee and employer contribution on or before 15th of the following month and file the required returns within the due date mentioned under the act. Failure to pay or file the required returns shall attract penalty under the said act.
The employees’ provident funds and miscellaneous provisions act, 1952 aims to encourage savings among employees which would benefit them at the time of their retirement. Every employer to whom the provisions of EPF, Act applies shall remit the EPF employee and employer contribution on or before 15th of the following month and file the required returns within the due date mentioned under the act. Failure to pay or file the required returns shall attract penalty under the said act.
Filing ESI (Employees' State Insurance) and EPF (Employees' Provident Fund) returns ensures compliance with statutory regulations under the ESI Act, 1948 and EPF Act, 1952. It helps you avoid penalties or legal complications for non-compliance.
Regular filing of these returns ensures that employees are eligible for various benefits like medical care, sick leave, maternity benefits (for ESI), and retirement savings (for EPF), which contributes to their well-being and financial security.
Timely filing of returns prevents penalties or interest charges that may arise due to delayed payments, helping you maintain a good reputation with regulatory authorities.
Properly filed returns ensure that your records are transparent and can easily be audited by the relevant authorities, streamlining the process and avoiding future complications.
The attendance maintained at the establishment has to be provided.
The register maintained in Form 6 has to be submitted.
The register of wages to be submitted.
A copy of paid challans to be submitted.
No. Overtime is not a regular payment and it is occasional in nature. Therefore, it should not be included while calculating wages ceiling limit for employee coverage under the act.
The employer shall pay simple interest at the rate of 12% p.a. for each day of delay.
Yes. The Company has to file NIL returns even it doesn’t have any employees.
he wage limit shall be Rs. 21,000/- per month.
Yes. The employee IP i.e. Insured person ID is mandatory for filing the returns.