Labour & HR
ESIC (Employees' State Insurance) — Meaning
Health and social insurance for employees earning up to ₹21,000 a month in establishments with 10+ employees.
What is ESIC (Employees' State Insurance)?
The Employees' State Insurance scheme provides medical care and cash benefits for sickness, maternity, disability and dependants. Under the Code on Social Security it applies to establishments with 10 or more employees across India, covering employees earning up to ₹21,000 a month (₹25,000 for persons with disability). Employers contribute 3.25% and employees 0.75% of wages, paid monthly by the 15th of the following month.
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