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A statutory corporate body set up under the ESI Act 1948, Employees’ State Insurance Corporation is responsible for the administration of the ESI Scheme. It is a self-financed comprehensive social security scheme devised to protect the employees covered under the scheme against financial distress or similar other issues. ESIC is another part of Payroll compliances. It goes hand in hand with PF, PT & LWF. We make challans before the due date and submit the same to the client for remittances of ESIC. This also involves generating ECR and uploading the data on the ESIC website. The range of services in the ESI process includes:
With more than 20 years of experience in the compliance, governance, and payroll management industry, Karma Management Global Consulting Solutions Pvt. Ltd. has emerged as a global consulting giant. Being completely tech-driven in this ever-evolving world, our aim is to procure accurate results for all the services laid down by us. To sustain in this digital world and to emerge as leaders, we have evolved a tool called We Process which is a valuable digital container holding together as a cohesive unit, all the regulatory compliances of the establishment, including the respective forms and documents for ESIC. With the help of the AI chatbot which pops up as a support tool, it provides full-fledged support to all queries related to ESIC or related issues. The WE PROCESS tool in a way also offers tremendous assistance to the principal employer or to an industry, big or medium, or small, in a full-fledged diagnostic mode to check whether it is following proper regulatory compliances for itself or not.
Certain aspects, including co-ordination with ESI offices, require a great deal of influence and networking. A good ESIC consultant should be able to make connections with the top officials in these offices and enable you a quicker response. With a promise to provide 100% compliance and free from all risks of penalties or other penal actions, Karma Management Global Consulting Solutions Pvt. Ltd., with its in-built software tool delivers seamless results to its clients. Receiving efficient, effective, error-free work on-time is every client’s rightful expectation. Being industry leaders for more than 20 years now and working with top global brands, we understand the sincerity of this sentiment. In order to fulfill the client’s expectations, we are always ready to deliver the best. Our reputation and goodwill have given us loyal clients and with the help of our trained team’s robust networking, we are able to organize workshops where ESIC authorities themselves conduct sessions and give suggestions for the betterment of the process. This is certainly a value-addition which only we promise.
Challenge- The client was having Head Office at Hyderabad and other offices in multiple states in India. The client was having one single code for ESIC contribution but they didn’t have subcodes for every state. The client was deducting ESIC of PAN India location’s employees under a single ESIC code.
Solution- We studied their PAN India presence with the number of locations and headcounts and we guided them to go for subcode of ESIC for those states and saved them from major noncompliances. One can imagine how difficult & risky it would have been to handle if that continued years together.