I would like to know about ESI details. How the dedections take place.
From India, Hyderabad
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From India, Hyderabad
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Hi,
ESI (Employee State Insurance) contributions are as follows:
- Employee Contribution: 1.75% from the total earnings (not on net salary).
- Employer Contribution: 4.75% on the total earnings of the employee.
The total contribution of 6.50% goes to the employee's account, i.e., the ESIC account of the employee. The payments to ESIC include:
1) Monthly return.
2) ESI Challan.
3) Form 5 Half-yearly return.
4) Form 6 Half-yearly return.
Regards,
- Manikanth
From India, Nizamabad
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11ESI (Employee State Insurance) contributions are as follows:
- Employee Contribution: 1.75% from the total earnings (not on net salary).
- Employer Contribution: 4.75% on the total earnings of the employee.
The total contribution of 6.50% goes to the employee's account, i.e., the ESIC account of the employee. The payments to ESIC include:
1) Monthly return.
2) ESI Challan.
3) Form 5 Half-yearly return.
4) Form 6 Half-yearly return.
Regards,
- Manikanth
From India, Nizamabad
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GOI Proposal for reduction in ESI Contributions.p df