A Guide on How to Make Amendments to Your ESI Return?

Introduction

The Employees’ State Insurance (ESI) Scheme is a self-financing social security scheme that provides medical and financial assistance to employees and their families. The ESI Act, 1948, governs the ESI Scheme, and it is mandatory for all eligible companies to register under the ESI Act. The ESI Scheme provides several benefits, such as medical care, sickness benefits, and maternity benefits. In this blog, we will discuss how to make amendments to your ESI return, ESI employee contribution, ESI coverage limit, ESI registration on employees, and Amendments in ESI Act 1948.

What is the Employee Contribution in ESI?

The ESI Scheme is a contributory fund that enables Indian employees to participate in a self-financed healthcare insurance fund with contributions from both the employee and their employer. The employee’s contribution to the ESI Scheme is 0.75% of their monthly gross salary, while the employer’s contribution is 3.25% of the employee’s monthly gross salary. The ESI employee contribution is deducted from the employee’s salary and deposited with the ESI Corporation.

ESI Registration for Employees

All eligible companies have to register under the ESI Act, 1948. The ESI registration process involves submitting an application for registration along with the necessary documents to the nearest ESI office. The ESI registration card is issued to the employer after the registration process is completed. The ESI registration card contains the employer’s code number, the name of the employer, and the address of the establishment.

What are the Amendments in ESI Act 1948?

The ESI Act, 1948, has been amended several times to make it more comprehensive and effective. The amendments in the ESI Act, 1948, have been made to increase the coverage of the ESI Scheme, enhance the benefits provided under the ESI Scheme, and simplify the procedures for registration and filing of returns. The latest amendment in the ESI Act, 1948, was made in 2010, which increased the ESI coverage limit from Rs. 10,000 per month to Rs. 15,000 per month.

How to Make Amendments to Your ESI Return?

The ESI return is a statement of the contributions made by the employer and the employees to the ESI Scheme. The ESI return has to be filed by the employer every six months. The ESI return can be amended if there are any errors or omissions in the return. The procedure for making amendments to your ESI return is as follows:

• Log in to the ESI portal using your credentials.
• Click on the ‘Edit’ button next to the return that you want to amend.
• Make the necessary changes to the return.
• Click on the ‘Save’ button to save the changes.
• Click on the ‘Submit’ button to submit the amended return.
• Take a printout of the amended return for your records.

Conclusion

In conclusion, the ESI Scheme is a self-financing social security scheme that provides medical and financial assistance to employees and their families. The ESI employee contribution is deducted from the employee’s salary and deposited with the ESI Corporation. The ESI coverage limit is Rs. 21,000 per month, and all eligible companies have to register under the ESI Act, 1948. The ESI return has to be filed by the employer every six months, and it can be amended if there are any errors or omissions in the return. The procedure for making amendments to your ESI return is simple and can be done online through the ESI portal.