💉 ESI Compliance – Employee State Insurance

For SolidRock Financial Limited (NBFC-MFI)
Ensuring employee welfare & statutory compliance

📅 Filing Frequency & Returns

Compliance Type Form / Return Due Date Description
Monthly Return ESI Contribution (Online) 15th of Next Month Deposit of employer and employee contribution
Half-Yearly Return Form 5 May 11 & November 11 Details of employees covered and contributions paid
Employee Registration Form 1 (ESI Declaration Form) At joining To register a new employee under ESI scheme
Employee Exit Form 11 At leaving employment To record the employee exit under ESI

📋 ESI Contribution Details

  • Employee Contribution: 0.75% of Gross Salary
  • Employer Contribution: 3.25% of Gross Salary
  • Applicable for employees earning ₹21,000 or less per month.
  • Contributions to be paid via ESIC Portal (www.esic.in).

📂 Required Documents

  • Employee Register with UAN & ESI Number
  • Monthly salary sheet
  • ESI challans and payment receipts
  • Form 6 register (record of employees)
  • ESI inspection report (if any)

🔔 Important Compliance Notes

Non-payment or delayed payment of ESI contributions attracts interest under Regulation 31A and penalties under Regulation 40 of the ESI Act, 1948. Timely filing ensures statutory compliance, better healthcare benefits, and trust among employees of SolidRock Financial Limited.

🏥 Benefits to Employees

  • Medical care for employees and dependents
  • Sickness benefit (up to 70% of wages)
  • Maternity and disability benefits
  • Funeral expenses & dependents’ pension