Employees State Insurance Corporation or ESIC is a self-financing social security and health insurance scheme that provides employees with medical benefits, sickness benefits, maternity benefits, disability benefits and many other benefits such as funeral expenses, free supply of physical assistance etc. . His family.
The units or establishments which have 10 or more employees, they will get Rs. The withdrawal of salary of 15,000 per month is required for the ESIC registered under the ESI Act 1948. The benefits provided by this scheme are funded by the contributions made by the employees covered and their employer is on a fixed percentage of the wages.Currently, the covered employees contribute 1.75% of the salary to the ESIC, and the covered employers contribute 4.75% of the pay due to their employees. The State Government also contributes to the 1/8th share cost of medical benefits. ESI registration is done through Crontax.
All the establishments and factories employing more than 10 employees are required to be mandatory for ESI registration within 15 days of the ESI Act, 1948. ESI registration can be done in Delhi NCR, Mumbai, Bengaluru, Chennai and other Indian cities through Crontax.