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…

Employees’ State Insurance (ESI) – What is ESI? Its coverage and applicability?

ESI is an insurance scheme. It is a combination of a number of insurance policies. But it is not like other policies which anyone can purchase. Its applicability has been discussed later in this article. It provides following benefits to the member of ESI scheme: Medical benefit in the form of special hospitals dedicated. Death…