Employees State Insurance (ESI) – Contribution

Like EPF, in ESI scheme, both employees and employer need to contribute. Employees’ Contribution = 1.75% of their wagesEmployer Contribution = 4.75% of employees’ wages Here, wages include both salary and wages and it is taken as Gross. Maximum limit for Gross Salary/ wages is INR 15,000/-.It means those who are earning more than INR…