Shoolin Consultancy takes into account all business sections be it a start-up, SMEs or Corporate, through its exceptionally experienced group of expert partners.

Contact

+91 70907 21111

#233 1ST FLOOR, 1st Main Rd, 7th Block, Koramangala, Bengaluru, Karnataka 560095

info@shoolinconsultancy.in

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Employees State Insurance (ESI)

What is the ESI Scheme?

ESI is a complete Social Security Scheme(SSS) designed to provide social protection to the employees against sickness, disablement, and death due to employment injury and other events/issues. The fund is self-financing where employer and employee contributions on a monthly basis and the amount can be utilized towards compensating expenses on the health of the employee and his family members.

Contribution rate to the ESI fund

☑ An eligible employee should contribute to a total of 1.75% of their salary (basic+allowances).
☑ Registered Employers should deposit 4.75% of salary paid(basic+allowances) to ESI corpus every month.

Benefits of company registration/incorporation

  • An employee acquires full of medical care during the period of his incapability to relieve/cure his health.
  • An employee acquires financial assistance to compensate for the loss in work due to sickness, maternity and employment injury, etc.
  • Medical care benefits to family members.
  • In case of the death of an insured employee due to employment injury, the spouse, widowed mother and children are entitled to Dependent’s benefit.