Employee’s State Insurance Corporation (ESIC) is a self-financing social security and health insurance scheme for Indian workers. For all employees earning INR 21000 or less per month as wages, the employer contributes 4.75 percentage and employee contributes 1.75 percentage, total share 6.5 percentage. This fund is managed by the ESI Corporation (ESIC) according to rules and regulations stipulated therein the ESIC Act 1948, which oversees the provision of medical and cash benefits to the employees and their family through its large network of branch offices, dispensaries and hospitals throughout India. ESIC is an autonomous corporation under Ministry of Labour and Employment, Government of India. But most of the dispensaries and hospitals are run by concerned state governments.
Employees registered under the ESIC enjoy a range of benefits under the scheme. Employee enjoy medical attendance and treatment for the person insured and their families including full range of medical, surgical and obstetric treatment, supply of all drugs, ambulance services, super-specialty consultation, etc., In addition, to the medical care, insured persons also enjoy sick pay benefits. Registration with ESIC provides the employee with tremendous benefits and improves worker morale and retention. Quick consult can help your Company obtain and manage ESIC Registration.
Employee’s State Insurance Corporation(ESIC) is a self-financing social security and health insurance scheme for Indian workers. The scheme provides Employees with a comprehensive Social Security Scheme for protecting the employees during sickness, injury or disability.in TAN.
ESIC contributions must be made by the employer for all employees having a salary of less than Rs.21,000 per month. The employer must contribute 4.75% and employee must contribute 1.75% of the wages for ESIC.
Organizations under ESIC coverage must file annual return showing the changes if any during the preceding year. Return of contributions enclosing copy of all ESIC contributions paid must be submitted once every six months.
Employee’s State Insurance Corporation(ESIC) is a self-ESIC provides employees registered the scheme with a host of medical and sickness benefits. Employees registered under the scheme can avail medical facilities and are also entitled for sick pay benefits.
ESIC Registration for Employers having more than 10 employees. The Employer must contribute 4.75% of the Employees wages towards ESIC. Once, registered the organization is allotted a 17 digit unique identification code.mily members.