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  • Esic Chart

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    Priya Rane
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    ESIC provides coverage to factories employing 10 or more power-using workers or 20 or more non-power using workers. The employer contributes 4.75% of gross salaries up to Rs. 15,000 per month while employees contribute 1.75%. Contributions are made biannually for the periods of January to June and July to December. Employers must deposit contributions in the bank by the 21st of each month. Benefits include sickness, maternity, disability, dependents, medical benefits and funeral expenses.

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    ESIC provides coverage to factories employing 10 or more power-using workers or 20 or more non-power using workers. The employer contributes 4.75% of gross salaries up to Rs. 15,000 per month while employees contribute 1.75%. Contributions are made biannually for the periods of January to June and July to December. Employers must deposit contributions in the bank by the 21st of each month. Benefits include sickness, maternity, disability, dependents, medical benefits and funeral expenses.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    5 views1 page

    Esic Chart

    Uploaded by

    Priya Rane
    ESIC provides coverage to factories employing 10 or more power-using workers or 20 or more non-power using workers. The employer contributes 4.75% of gross salaries up to Rs. 15,000 per month while employees contribute 1.75%. Contributions are made biannually for the periods of January to June and July to December. Employers must deposit contributions in the bank by the 21st of each month. Benefits include sickness, maternity, disability, dependents, medical benefits and funeral expenses.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    ESIC

    COVERAGE Applicable to non-seasonal factories using power and employing 10 or more persons and non-power using factories 20 or more persons.

    EARNING WAGES LIMIT

    Gross Salary Rs. 15,000/w. e. f. 01.06.2010

    CONTRIBUTION

    By Employer By Employee

    @ 4.75% @ 1.75%

    CONTRIBUTION PERIODS (BENEFIT PERIOD)

    1st : 1st April to 30th September (1st January to 30th June ) 2nd : 1st October to 31st March (1st July to 31st December)

    CHALLANS DEPOSIT

    Deposit in bank by 21st of every month.

    BENEFITS

    1) Sickness Benefit 2) Maternity Benefit 3) Disablement Benefit 4) Dependents Benefit 5) Medical Benefit 6) Funeral Expenses

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