ESI Monthly Return Filing
Employee State Insurance is a self-financing social security scheme and health insurance plan for Indian workers, offering medical and disablement benefits. Governed by the ESI Act, 1948, it is managed by Employees’ State Insurance Corporation (ESIC) under the Ministry of Labour and Employment. ESIC is expected to manage the fund as per the rules and regulations set forth by the Act.
The ESIC is applicable to all the establishments having 10 or more workers and is beneficial to all the employees earning Rs.15, 000/- or less per month as wages, an employer must contribute 3.25 percent, and employee must contribute 0.75 percent towards ESI.
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