The following are the compliances for ESI:
1. ESI registration: Employers with 10 or more employees are required to register under the ESI Act within 15 days of the applicability of the Act.
2. ESI contribution: Employers and employees are required to contribute to the ESI scheme every month at a fixed rate of their gross salary. The employer must deposit the employee’s contribution and employer’s contribution separately, by the 15th of every month.
3. ESI challan generation: The employer must generate an ESI challan and deposit the monthly contribution through the SBI bank or other authorized banks.
4. ESI returns filing: Employers must file ESI returns twice a year, i.e. for the period of April to September and October to March. The return must be filed online and submitted by 11th November and 11th May, respectively.
5. Record maintenance: Employers must maintain ESI records in the prescribed format, including attendance records, salary records, register of employees, and accident registers.
Non-compliance with ESI regulations can result in fines, penalties, and legal action, including imprisonment in some cases.
