Pls give info on ESIC ?

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CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Querist)
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23 September 2010 Pls give info on ESIC ?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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23 September 2010 visit this site

https://esic.nic.in/

Ashish Murarka

Ashish Murarka (Expert)
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23 September 2010 Employess State Insurance corporation is a central government body which has been formed mainly for the pupose of worker's benefit.
APPLICABILITY OF THE ESI ACT

The ESI Act, (1948) applies to the following categories of factories and establishments in the implemented areas:-

* Non-seasonal factories using power and employing ten(10) or more persons * Non-seasonal and non power using factories and establishments employing twenty (20) or more persons.

Employee/Worker cont: 1.75% of wages
Employer cont: 4.75% of wages

Employee/worker receiving a basic salary/wages upto Rs 15000/- is required to contribute in this fund.

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