Employee State Insurance Scheme is a social security scheme to give social protection to employees earning upto Rs. 21,000/- per month. The employer and employee contribute fixed amount to the fund monthly. The State Governments also contribute 1/8th share of the cost of Medical Benefit.
The protection is provided against the events of sickness, maternity, disablement and death due to employment injury and to provide medical care to the insured employees and their families.
ESI is a must for entities employing 10 or more persons. TaxHills experts will help you get registered under the scheme.