Protect Your Valuable Employees through Registration with ESI
Securing and insuring the cherished life of your employee’s health and life is a crucial step required by the Government of India of the companies. This is the responsibility of the alleged companies and has to be carried out by them. For companies consisting of more than 10 employees, the process has been made mandatory. ESI (Employee’s State Insurance), a health insurance scheme for the Indian workers is a self-financing social security for the employees of your company. ESI Corporation managing the social security programmer is headed by the Union Minister of Labor as the chairman with the other members appointed by the Central Government.
The fund to the ESI is contributed by the employees, the employers and the state Government with 1.75% and 4.75% fund by the employees and the employers respectively. The State Government contributes about 1/8 of the medical benefit expenditure with ceiling of Rs.1500/per insured person. It is the responsibility of the employers to collect the funds from their wages and add their quota to the ESI fund deposit for the employee. Through this fund, the employees can avail medical benefit for them as well as their family members with sickness benefit and a host of other benefits. The procedure involved in the ESI registration by the companies includes submitting the following copies of the following documents along with the ESI registration form: List of directors, list of employees, PAN card, registration certificate etc…
Why Intricate Yourself In A Web Of Further Complication
The process of applying for registration in ESI can itself be tortuous and take most of your valuable time. The registration period varies with the number of employees in your organization. Phoenix Tax services are a company that is currently serving as a pioneer in the field of registration. They have assisted a lot of startup companies in the registration process. Being a startup company, you can avail this wonderful opportunity by contacting us for the registration. We take care of all the intricate steps involved in the cataloguing with you providing only the necessary documents. The procedure itself can take a few weeks in the Government side with you being laid back in any situation. We take complete precaution in completing the documents and double check it before submitting it for registration. Through our company, you can hope to procure the registration in few days.