The employer's contribution towards ESIC is 4.75% of the employee's salary, whereas the employee's contribution towards ESIC is 1.75% of the employee's salary.
It is payable not only on basic and allowances subject to the cap of Rs. 15,000/- as suggested by some members, but excludes traveling battas or payments made to employees at intervals more than two months.
Regards
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute