Employee State Insurance(ESI)
It is a self financing social security & Health Insurance Scheme for the Indian workers. ESI Registration is necessary for each employers having 10 or more employees. For every employee earning Rs.15,000 or less per month as their wages should contribute 4.75% and employee should contribute 1.75% to ESI.
ESI Payment Deadline
ESI Contributions should be paid by employer to a bank authorized by the Corporation within 21 days of the calendar month.
Employee's State Insurance Corporation(ESI) is a self - ESI that provides certain employees registered with the scheme with the host of medical & sickness benefits.
The Employees registered under this scheme can obtain medical facilities and sick pay benefits.