Employee's State Insurance Corporation (ESIC)
HIGHLIGHTS OF ESIC REGISTRATION
ESI Registration
ESIC Registration is applicable to the establishments which in an implemented area and having more than 10 employees. Once, the organization gets registered, a 17 digit unique identification code will be allotted to them. It is the statutory responsibility of the employer to get registered under this act after achieving the said employee level within 15 days.
Benefits of ESIC
Provides complete medical assistance to the employee
It also includes dependents
These benefits can be availed at different ESI dispensaries, clinics and hospitals
Any payment made at hospital is completely reimbursable
ESI Contribution
ESIC contribution is must be made by the employer for all employees drawing a monthly gross salary of up to Rs.21,000 per month. The employer contribution is 3.25% and the employee contribution is 0.75% of the wages. The total contribution made towards ESI Fund will be 4% of the total monthly gross.
Last Date of PF & ESI Payment
Deposition of ESIC & EPF contributions due date is 15th of every month.