• Employees' State Insurance Act, 1948 protect the interest of workers in contingencies such as sickness, maternity, temporary or permanent physical disablement, death due to employment injury resulting in loss of wages or earning capacity. The Act also guarantees reasonably good medical care to workers and their immediate dependents
main purpose of ESIC act is provide medical help I.e. maternity and sickness.
the Act is applicable to non-seasonal factories employing 10 or more persons AND the Scheme has been extended to shops, hotels, restaurants, cinemas including preview theaters, road-motor transport undertakings and newspaper establishments employing 20 or more persons.
9th September 2016 From India, Vadodara
ESIC is Employee State Insurance Corporation. ESIC 1948 gives many benifits to employees:-
1. Medical Benifit
2. Death Benifit (Funeral Expenses)
3. Insurance (Death /Disable)
4. Maternity Benifit.
5. Cash Benifit.
6. 34 namely diseases.
TIC should be given to employees, So that they approach to ESI Office and get their ESI Card to avial the above mentioned Benefits
Employee Esi can be deduct if his salary is under
For Registration: If your organisation is having employees more than 7-10 than it is compulsion to register your company under ESIC.
Employee Contribution is 1.75% of Gross Salary.
Employer Contribution is 4.75% of Gross Salary.
Total deposits amount would be 6.5% of Gross Salary.
The total amount of contribution (employee’s share and employer’s share) is to be deposited with the authorised bank through a challan in the prescribed form in quadruplicate on ore before 20th of month following the calendar month in which the wages fall due.
9th September 2016 From India, undefined
10th September 2016 From India, Gurgaon