If there are more than ten employees (in some states it is 20 employees) with a salary up to Rs. 21,000/-, the establishment must register with the ESIC within 15 days of becoming eligible for registration. An employer will contribute 3.25 % of the total monthly salary of his employees under this scheme, while the employee will only be expected to contribute 0.75% of his monthly salary. In addition to paying his contribution, the employee is exempt from doing so if his salary is less than Rs. 176/- per day. Under Esic, There Are a Number of Entities ESI […]
The Esic Registration Process, Benefits
ESIC: How does it work? Employees State Insurance Corporation is a statutory corporation created under the ESIC Act 1948 which provides workers with financial protection in the event of sickness, maternity, disability, occupational disease, or death. It provides workers with a financial safety net against health-related eventualities they may encounter on a daily basis. What are the Eligibility Requirements For ESI? The Employee State Insurance Corporation (ESI) offers benefits to employees that meet certain criteria. The scheme is available to: Anyone who works in a factory with more than 10 employees that is not seasonal A minimum of 20 employees […]