How to Calculate ESI | ESI Calculation Tutorial | HR Spot

Employees State Insurance (ESI) Act, Indian Ministry of Labor 1948 (ESI Act) is social security legislation aimed at providing benefits to employees in case of sickness, maternity, employment injury, and certain other related matters. Under this self-financing health insurance scheme, funds are primarily built out of contributions from employers and employees.

ESI fund, maintained by ESIC (Employee State Insurance Corporation), is applicable to employees earning ₹21,000 or less per month to provide the cash and medical benefits to them and their families. This fund is a contributory fund in which both the employer and employee contribute 3.25% and 0.75% respectively to make it a total of 4% of their base salary.

For details and complete session , please visit our website https://www.onlinehrspot.com/

#hrspot #esicalculation #esi #pf #esic