Finance & Payroll
- Income Tax Calculator
- Payslip Generator
- NPS Calculator
- EPS Pension Calculator
- Gratuity Calculator
- Statutory Bonus Calculator
Finance & Payroll
- Income Tax Calculator
- Payslip Generator
- NPS Calculator
- EPS Pension Calculator
- Gratuity Calculator
- Statutory Bonus Calculator
Maharashtra Company Incorporation Cost Calculator
Calculate incorporation costs for Maharashtra state
Cost Breakdown
Section A - Reimbursement of Expenses
Section B - Fees and Taxes
Total Incorporation Cost
Inclusive of all taxes and fees
Download Quotation
Enter your details to download a detailed PDF quotation
Frequently Asked Questions
What is ESIC registration?
ESIC (Employees’ State Insurance Corporation) registration is mandatory for businesses employing 10 or more workers (in some states, 20) with wages up to ₹21,000/month. It enables employee access to medical and social security benefits.
Who needs to apply for ESIC?
Any business, factory, startup, or establishment with the minimum required employee count and wage limit must register under ESIC, including contractors and outsourcing agencies.
Is ESIC registration mandatory for all employees?
Yes, for employees earning ₹21,000/month or less (₹25,000 for persons with disabilities), ESIC coverage is mandatory once the employer is registered.
Can a small business register for ESIC voluntarily?
Yes, businesses with fewer than the required employees can opt for voluntary registration, though it’s not mandatory unless thresholds are met.
What documents are required for ESIC registration?
Key documents include the PAN, registration certificate, employee list with salary details, address proof, cancelled cheque, and identity proof of the employer.
How long does it take to get ESIC registration?
Usually, the ESIC code is issued within 5–7 working days after successful submission and document verification on the ESIC portal.
What is the validity of ESIC registration?
ESIC registration does not require renewal. It remains valid as long as the employer continues to meet eligibility criteria and complies with contribution filings.
Is a separate ESIC bank account required?
No, but the employer must have a valid business bank account from which contributions will be made. A cancelled cheque is typically needed for verification.
Can ESIC details be updated after registration?
Yes, employers can update business address, employee details, contact information, and other records directly through the ESIC portal.
What are the benefits of ESIC registration?
It ensures legal compliance, protects employees with health and social security benefits, reduces employer liability, and boosts trust with employees and authorities.