The Employees’ State Insurance Corporation (ESIC) has implemented new rules to streamline its subscriber base and better direct insurance benefits to customers. The Employees' State Insurance Act, 1948 is one of the most important social legislation in India. All employees of a covered unit, whose monthly incomes (excluding overtime, bonus, leave encashment) does not exceed Rs. Rules regarding contributions are very important to understand how these benefits reach the employees. lEmployers are advised to apply for coverage only through the ESIC web portal - 'www.esic.in'. How can Employers be compliant with ESI rules? ESIC is a corporation or an autonomous structure by a statutory creation made under the Ministry of Labour and Employment of the Government of India. In this post, we discuss the ESI rules and obligations for employers. Employees' State Insurance Act, 1948 size:(276.13 KB) . We have also provided an overall guide for employers about the Employee State Insurance Scheme (ESIC). It enables workers to avail of benefits for injuries they suffer during employment. ESIC for this purpose. Employees must be registered online on the date of appointment; the online system shall allow maximum 10 days to register the new employee. 2019-04-01: 3: ESI ACT: Employees' State Insurance (General) Regulations, 1950 size:(357.29 KB) . 2017-06-30: 2: ESI ACT: Employees' State Insurance (Central) Rules, 1950 size:(270.66 KB) . 176 are exempted from ESIC contribution. Employees earning daily average wage up to Rs. for use in all ESIC Forms/documents and also for correspondence with various offices of the ESIC. Govt. during Financial Year 2019-20). Insurance Act, 1948 (XXXIV of 1948), the Employees’ State Insurance Corporation is pleased to make the following regulations, the same having been previously published as required by sub-section (1) of the said section, namely — THE EMPLOYEES’ STATE INSURANCE (GENERAL) REGULATIONS, 1950. Current ESIC contribution Rate: Employers’ share: 3.25%. Registration under this ESI scheme ensures availability of a wide-range of medical, monetary, and other benefits to the employees of any employing entity having 10 or more employees. ESIC is constituted in accordance with prior the rules and regulations stipulated in the Employees’ State Insurance Act, 1948. In case your master earnings per month is less than or equal to 15000, employer have to deduct esic @ 1.75% of your gross earnings. Employee State Insurance Corporation(ESIC) is deducted on gross salary which is 1.75% from the employee contribution & 4.75% from the employer contribution. 21,000 per month, are eligible to avail benefits under the Scheme. ESIC is acronym for Employees' State Insurance Corporation, which functions under the Ministry of Labor and Employment, Government of India. Obtain Employer's Code No. Employees complete 12% goes to PF account while employer contributions’ 8.33% goes to Pension Fund and 3.67% goes to PF Fund. has amended the ESIC Rules and has notified revised/ reduced ESI Contribution rates w.e.f. Employees share: 0.75%. PRELIMINARY. 1 July 2019 (i.e. New rate of Employer's ESI contribution is 3.25% (reduced from 4.75%) and Employee's ESI contribution is 0.75% (reduced from 1.75%). 1. CHAPTER I . Changes in ESIC with effect from 1 st October, 2019. 2019-04-01 There is nothing to do with what your CTC is, but totally depend on what your master earning is. 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