In India, the Employees' State Insurance (ESI) Scheme is a comprehensive social security program created to shield workers from financial hardship brought on by illness, pregnancy, disability, and death from work-related accidents. The Employees' State Insurance Act of 1948 contains regulations that must be followed in order to be in conformity with ESI. An extensive summary of ESI compliance in India is provided below:
Qualifications and Relevance:
Coverage: Factories and other establishments with ten or more employees are subject to ESI. According to the most recent revisions, the program is available to workers making up to ₹21,000 in gross monthly compensation.
Contribution Rates: Workers contribute 0.75% of their wages to the ESI fund, while employers contribute 3.25% of their wages.
