What is the difference between ESI and ESIC?
What is the difference between ESI and ESIC?
ESI is a self-financing social security and health insurance scheme for Indian workers managed by ESIC under the ESI Act 1948. However, ESIC extends coverage to firms with 10 or more employees while EPFO covers firms with 20 or more employees. The government sees two benefits of the scheme.
What is PT salary?
Professional Tax: All You Need to Know. When you take a look at your payslips, you will notice a small deduction mentioned on it, along with the other components like HRA, conveyance and basic salary break ups. This deduction is usually around Rs. 200 and is termed as professional tax.
What is ESI percentage?
The rates of the ESI contribution are calculated on the wages paid. Currently, the employee contribution is 0.75% of wages paid/payable, and employer contribution is 3.25% of wages paid/payable.
How do I register my employer for ESIC?
To register as an employer under the ESI act, simply visit the esic.in and on the home page select ‘Click Here to Login’. A notification saying ‘If you have already installed the certificates, click here to continue’ would appear.
What is the meaning of employee state insurance?
ESI is a social security scheme offered by the Government of India as per the Employees’ State Insurance Act, 1948. The scheme provides protection to employees against disablement/death due to employment injury, sickness, and maternity.
How many ESI hospitals are there in India?
At present full medical care is being extended to 30.73 lakhs of Insured Persons and about 150.00 lakhs of their family members through a network of 10 ESI Hospitals (Including E S I C Model Hospital Rajajinagar, Peenya and Kalburgi), 112 Full time ESI Dispensaries, 06 IMP Systems and one Diagnostic Center.
What is ESI Scheme in India?
EMPLOYEES STATE INSURANCE (ESI) SCHEME Medical Service E.S.I. Scheme is a Premier Social Security Scheme. The E.S.I. Scheme was first implemented on 24.02.1952 in the industrial town of Kanpur and Delhi.
Which states in India have Hqrs-rate contracts?
Headquarters Hqrs-Rate Contracts Andhra Pradesh Assam (North East) Bihar Chhattisgarh Delhi Goa Gujarat Haryana Himachal Pradesh Jammu and Kashmir Jharkhand Karnataka Kerala Madhya Pradesh Maharashtra Orissa Puducherry Punjab Rajasthan Tamil Nadu Telangana Tripura Uttar Pradesh Uttarakhand West Bengal
