ESIC Returns – CA Darshan Vora, Mumbai

The Employees' State Insurance Corporation (ESIC) is a social security and health insurance scheme for employees in India. It is mandatory for establishments with a certain number of employees to register under ESIC and make regular contributions for the welfare of employees. Filing ESIC returns is an essential part of compliance, and our expert team offers services to ensure timely and accurate filing of ESIC returns for your business.

What is ESIC (Employees' State Insurance Corporation)?

ESIC is a government-run health insurance scheme aimed at providing medical and financial assistance to employees in the event of sickness, injury, maternity, or death. The scheme applies to employees earning below a certain salary threshold, and both the employer and the employee contribute a percentage of the salary to the ESIC fund.

What are ESIC Returns?

ESIC returns are periodic filings that contain details about the contributions made by the employer and employee to the ESIC fund. The returns include information such as the total number of employees, their monthly contributions, and the total amount payable to ESIC for a particular period.

When is ESIC Return Due?

ESIC returns must be filed on a monthly basis. The return should be filed by the 15th of the following month. For example, the return for the month of January should be filed by the 15th of February.

How to File ESIC Returns?

The process of filing ESIC returns involves the following steps:

• Prepare Employee Details: Gather the salary and ESIC contribution details of each employee for the respective month.
• Calculate Contributions: Calculate both the employer and employee contributions for each employee based on their wages.
• Submit the Return: File the ESIC return using the online portal provided by ESIC.
• Make Payment: Pay the total amount of ESIC contributions by the due date to avoid penalties.
• Confirmation: Once the return is successfully submitted, you will receive an acknowledgment from ESIC confirming the filing of the return.

Documents Required for Filing ESIC Returns

The following documents are required to file ESIC returns:

• Employee salary details for the month
• ESIC registration number and details of employees
• Proof of previous month’s contribution payments
• Bank statement showing ESIC payments made
• Details of any new employees or employee exits

Penalties for Non-Compliance with ESIC Return Filing

If an employer fails to file the ESIC return on time, they may be subject to penalties:

• Late Fee: A late fee will be levied for filing the return after the due date.
• Interest on Delayed Payments: If contributions are paid after the due date, interest will be charged on the amount due.
• Prosecution: Persistent non-compliance can lead to legal action under the ESIC Act, 1948.

Why is ESIC Return Filing Important?

Timely and accurate filing of ESIC returns ensures the following:

• Legal Compliance: Ensures compliance with the ESIC Act and avoids legal consequences.
• Employee Welfare: Guarantees that employees are covered under the ESIC scheme for health and social security benefits.
• Avoid Penalties: Prevents fines and penalties due to late filing or non-payment of contributions.
• Transparency: Maintains clear and transparent records of contributions and payments to ESIC.

Why Choose CA Darshan Vora for ESIC Returns Filing?

At CA Darshan Vora, we specialize in ESIC returns filing for businesses of all sizes in Mumbai and surrounding areas. Our team ensures that your ESIC returns are filed accurately and on time, maintaining compliance with all ESIC regulations.

• Expert Guidance: We provide professional advice on employee contribution calculations and help you comply with all ESIC regulations.
• Timely Filing: We ensure your ESIC returns are filed before the due date to avoid penalties.
• Comprehensive Service: From documentation to filing, we handle the entire process efficiently.
• Transparency: Our process is transparent, and we keep you informed about every step.

Contact CA Darshan Vora for ESIC Returns Filing

Ensure your ESIC Returns are filed correctly and on time. Contact CA Darshan Vora for expert services in ESIC return filing and stay compliant with ESIC regulations.

Contact us today for hassle-free ESIC Returns filing!