ESI or Employee’s State Insurance is a self-financing health insurance & social security scheme for workers in India. So if you have employed more than 10 employees who are being paid earning Rs.21,000 or less per month as wages, as per ESI norms, employer contributes 4.75% and the employee contributes 1.75% to avail the benefits. ESI is about ensuring the provision of medical &cash benefits to your employees and their families via ESI senormous network of hospitals and branch offices across India. ESI is an autonomous corporation under Ministry of Labour and Employment, Government of India.
Experts at My Online CFO can help you acquire and manage ESI Registrations.